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Three Fed Scenarios For The Crucial Dot-Plot
Thursday, March 14, 2019 - 10:01am | 985Read More...The Fed decision is centered on the dot-plot after the Fed pledged patience. Announcements about the balance sheet, a reaction to jobs, and inflation are also of interest. The US Dollar is set to move quite a bit, except against one currency. The Federal Reserve announces its decision on...
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EUR/USD Facing Critical Resistance Amid Brexit Hopes And Market Calm
Thursday, March 14, 2019 - 9:55am | 507Read More...EUR/USD is trading above 1.1300, consolidating its gains. A mix of Brexit optimism and market calm helps it rise. The technical picture is positive for the pair that now faces a crucial test. EUR/USD is consolidating its gains above 1.1300. The pair has now erased all the price it lost after the...
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Britain Prepares For No-Deal Brexit Even As MPs Vote Against The Move
Wednesday, March 13, 2019 - 5:23pm | 821Read More...Even as Members of Parliament (MPs) voted against a no deal Brexit, the Government of the United Kingdom (UK) announced preparations for leaving the European Union (EU) without an agreement in place. Parliament voted by 312 votes to 308 to amend the Government's motion from rejecting a...
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Cable Likes This Can-Kicking, Bullish On No-Brexit?
Wednesday, March 13, 2019 - 12:14pm | 733Read More...GBP/USD is rising from the lows as Parliament is set to reject a no-deal Brexit. Brexit-related developments are set to keep volatility high. The technical picture is improving for the pair. Parliament handed another devastating defeat to UK PM Theresa May's amended Brexit deal....
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Extended EUR/USD Uptrend As Brexit Bites The Bears
Wednesday, March 13, 2019 - 12:09pm | 458Read More...EUR/USD is consolidating its gains below 1.1300. Brexit has a growing impact and the focus may shift to US data later. The technical picture has significantly improved for the pair. EUR/USD is ticking higher, carried along higher with the pound. The UK Parliament delivered a second consecutive...
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Parliament Rejects May's Brexit Deal Again: What It Means And What's Next
Wednesday, March 13, 2019 - 11:00am | 403Read More...The iShares MSCI United Kingdom Index (NYSE: EWU) and Vanguard FTSE Europe ETF (NYSE: VGK) opened slightly higher Wednesday after U.K. lawmakers voted down another Brexit deal proposed by Prime Minister Theresa May. The proposal failed by 149 votes, representing a shrinking...
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Boeing And Brexit: "Two B's" Dominate Market Conversation At Midweek
Wednesday, March 13, 2019 - 10:13am | 2276Read More...Despite continued concerns over Boeing Co (NYSE: BA) and some weakness in Asia and Europe after another Brexit plan got rejected yesterday, U.S. shares took on a slightly positive tone early Wednesday. Considering the focus on Brexit and Boeing, it’s interesting to see how the U.S...
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UK Parliament Rejects Government's Withdrawal Deal
Tuesday, March 12, 2019 - 4:44pm | 344Read More...Members of Parliament in the United Kingdom (UK) voted by 149 votes, 391 to 242, to defeat Prime Minister Theresa May's Withdrawal Agreement. The withdrawal deal is now considered to have been killed, though there are some suggestions from some in Parliament that she could return for a third...
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Brexiteers Put UK's Withdrawal Deal On The Brink Again
Tuesday, March 12, 2019 - 2:16pm | 621Read More...Expectations in Parliament are that Prime Minister Theresa May is expected to lose today's vote on the Withdrawal Agreement, with the Northern Irish Democratic Unionist Party (DUP) indicating it will vote against the deal. In addition, the Conservative Brexiteer group, known as the European...
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Late Night Brexit Deal Sees No Change To Irish Backstop
Tuesday, March 12, 2019 - 11:22am | 648Read More...The United Kingdom's (UK) Prime Minister Theresa May reached an agreement with the European Union (EU) late on March 11 that she said gave the legal assurances on the Irish Backstop required by Parliament. However, the government's legal representative, the Attorney General, said today...
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LTC/USD Channel Breakout Impends
Tuesday, March 12, 2019 - 10:19am | 264Read More...The bullish candlestick testing the immediate resistance at $58.00 could soon brush shoulders with the critical $60.00. Failure to break out above the $60.00 hurdle could result in traders’ exhaustion. LTC/USD is currently on the verge of another breakout that could place it on a path to $...
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4 Scenarios For The Critical Brexit Day And GBP/USD Levels To Watch
Tuesday, March 12, 2019 - 10:12am | 871Read More...UK PM May secured a new deal from the EU ahead of today's vote. All eyes are on AG Geoffrey Cox and his legal opinion. GBP/USD shot higher on the breakthrough and volatility is set to be sky high. GBP/USD is trading above 1.3200 after a 300-pip recovery on Monday. Fraught negotiations over...
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EUR/USD Is Extending Its Recovery Amid Brexit Hopes
Tuesday, March 12, 2019 - 10:07am | 401Read More...EUR/USD is extending its recovery amid Brexit hopes. US inflation the Brexit vote are watched. The technical picture remains slightly bearish for the pair. EUR/USD is trading closer to 1.1300, already over than 100 pips from the 21-month low, it reached after the ECB turned dovish on...
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Brexit Time Again: As Parliament Votes, U.S. Stocks Have Mixed Tone With Boeing Down
Tuesday, March 12, 2019 - 10:00am | 2074Read More...Brexit is back in the news today, with a key parliamentary vote scheduled as the March 29 deadline looms. If you remember, the last time Parliament voted on a Brexit plan, back in January, it got overwhelmingly rejected. Since then, Prime Minister Theresa May has made changes. Earlier this...
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UK And EU Battling To Save May's Brexit Deal
Monday, March 11, 2019 - 4:27pm | 564Read More...Intense negotiations between the European Union (EU) and the United Kingdom (UK) have been taking place in an effort to secure the vote for Prime Minister Theresa May's withdrawal deal in Parliament on 12 March. Simon Coveney, the Deputy Leader and Foreign Minister of the ruling Fine Gael...
