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Sterling Set To Stabilize Below 50% Fibonacci Level Ahead Of US NFP
Monday, March 11, 2019 - 10:48am | 513Read More...The GBP/USD is trading just below 50% Fibonacci retracement line of 1.3090 after the selloff. The US non-farm payroll (NFP) report is expected to see 180K new jobs added in February while wages are set to increase 3.3% y/y. The US Dollar strength caused by ECB’s dovish turn and Brexit...
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Boeing Dragging Down DJIA, But Signs Of Positive Action Elsewhere On Data, China
Monday, March 11, 2019 - 10:06am | 2462Read More...If there was ever a morning to illustrate the outsized impact one stock can have on the Dow Jones Industrial Average ($DJI), this is it. The new week is off to a very turbulent start for Boeing Co (NYSE: BA), whose shares fell more than 9% in pre-market trading after the crash of one of the...
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Stocks Fall As ECB Cuts Growth Guidance, Bank Stimulus Plan Falls Flat
Thursday, March 7, 2019 - 12:35pm | 689Read More...Global markets sank Thursday after the European Central Bank cut its 2019 economic growth forecast and announced a new round of longer-term refinancing operations (TLTRO) stimulus for European banks. The ECB cut its 2019 Eurozone growth forecast from 1.7 percent to 1.1 percent. It also announced a...
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As Oil Gains On Sanctions, OPEC Cuts, Stocks Continue Looking For A Catalyst
Thursday, March 7, 2019 - 11:37am | 1456Read More...The market seems to be catching its breath after sprinting for the first two months of the year. But for how long it will stay winded remains to be seen. With earnings season mostly in the rearview and the market perhaps having baked a dovish Fed and a trade deal with China into the...
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Sterling Comfortably Numb In Mid-1.3100s Amid Brexit Stalemate
Thursday, March 7, 2019 - 10:43am | 516Read More...The GBP/USD is trading little changed on the downside in mid-1.3100s amid Brexit stalemate. The UK government has a deadline until Sunday-next Monday to conclude Brexit negotiations before the vote in House of Commons on Brexit deal. The Bank of England officials acknowledged future monetary...
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Brexit Gloom And Dollar Domination Pound The Pound
Wednesday, March 6, 2019 - 11:56am | 612Read More...GBP/USD is pressured as Brexit talks remain stuck. Carney's comments and upbeat data fail to help as the focus shifts to the US. The technical picture is bearish for cable. GBP/USD is trading in the lower part of the 1.3100 handle. The primary driver of the most recent slide stems from talks...
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GBP/USD: The Only Way Is Down
Tuesday, March 5, 2019 - 11:02am | 553Read More...GBP/USD failed to rise after an upbeat Services PMI. Brexit talks resume, yet expectations are low. The technical picture is becoming more bearish. GBP/USD is trading around 1.3150. It had already reached out to 1.3200 earlier in the day, as the UK Services PMI beat with 51.3 points, escaping the...
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Brexit Withdrawal Debate Set To Reach Its Denouement…Perhaps
Monday, March 4, 2019 - 4:42pm | 1095Read More...The saga that is Britain's withdrawal from the European Union (EU) is expected to either come to a definitive conclusion or to at least produce a pathway to a conclusive decision. But the views on the final outcome differ widely in both the Britain and Europe. For the freighting community the...
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Technical Picture Sets The Stage For Sterling's Correction Lower
Monday, March 4, 2019 - 11:40am | 468Read More...The GBP/USD is trading little changed on the upside in the mid 1.3200s. The US President provided some US Dollar bearish comments over the weekend with little market effect some far. The market is prone to believe that extending Article 50 is a central scenario for Brexit development. The UK...
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Bias On Cable Is On The Downside As UK Manufacturing PMI Falls Further
Friday, March 1, 2019 - 11:18am | 466Read More...The GBP/USD is trading about 100 pips off its 33-week high at around mid-1.3200s, as delayed Brexit hopes recede. The GBP/USD made a massive 280 pips strong bull run since the beginning of this week with the technical oscillators favoring the end of the week correction. A technical correction is...
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Buy The Rumor, Sell The Fact Sets Sterling For Correction Off 5-Month High
Wednesday, February 27, 2019 - 11:14am | 589Read More...If a “meaningful vote” does occur on March 12 and Theresa May’s plan is successful, there are 17 days left to extend the Article 50 end-date to allow for legislation around the Withdrawal Agreement to be passed. If the “meaningful vote” means defeat for May’s...
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Prospects Look Promising, But One Thing Can Ruin The EUR/USD Rally
Wednesday, February 27, 2019 - 11:08am | 654Read More...EUR/USD consolidates the gains seen on Tuesday after Powell's testimony and a potential Brexit delay. Another appearance by the Fed Chair stands out, but geopolitics should also be eyed. The technical picture is bullish for the pair. EUR/USD is trading close to 1.1385, holding onto the double...
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Make Or Break At The Double-Top On EUR/USD As All Eyes Are On Powell
Tuesday, February 26, 2019 - 11:04am | 532Read More...EUR/USD is trading a bit higher within the narrow ranges. All eyes are on Fed Chair Jerome Powell's testimony. The double-top at 1.1372 is the key to the upside. EUR/USD is trading around 1.1350, in a slightly higher range than on Monday. Markets are focused on the upcoming testimony by Fed...
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Prospects Of Delayed Brexit Settle Sterling In 1.3000-1.3100 Range
Friday, February 22, 2019 - 10:46am | 372Read More...The GBP/USD is trading little changed on the downside around 1.3020 as the last minute progress on Irish border backstop agreed at May-Juncker meeting failed to boost Sterling further. The UK domestic politics saw members of parliament leaving the main political parties as both Labor and...
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Blockchain Might Be The Answer To Brexit's Customs Predicament
Thursday, February 21, 2019 - 7:05pm | 819Read More...As the speculations surrounding Brexit take center stage in the parliamentary affairs of the United Kingdom, the logistical nightmares that a "no-deal Brexit" would bring forth have to be taken into account. The U.K. ports are arguably at the epicenter of trouble, as customs officials...
