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Last Minute Backstop Progress Supports Sterling
Thursday, February 21, 2019 - 11:02am | 421Read More...The GBP/USD is trading little changed on the upside around 1.3070 as the last-minute progress in Irish border backstop was agreed at May-Juncker meeting. The FOMC minutes were less dovish than expected with the US central bankers confirming patience in further rate adjustment given the global...
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After Failing To Rise On Good News, Is EUR/USD Ready To Fall?
Thursday, February 21, 2019 - 10:57am | 577Read More...EUR/USD is off the highs despite dovish FOMC minutes and upbeat EZ PMIs. A busy US calendar awaits traders, and trade is also of interest. The technical picture is balanced for the pair. EUR/USD is trading around 1.1330 once again after it topped 1.1370 late on Wednesday. It fails to gain...
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Chip Makers Get A Lift As Tariff Talks With China Looking More Positive
Thursday, February 21, 2019 - 10:45am | 2365Read More...The waiting game continues as trade negotiations with China remain front and center on Wall Street. Tariff talks still rule the day. Media outlets reported progress in the talks Thursday, but U.S. stock indices didn’t seem inclined to move too much in either direction early on. Overnight...
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Party Splits Leave Brexit In Chaos, Where The Freight Do We Go From Here?
Wednesday, February 20, 2019 - 5:01pm | 591Read More...As British Prime Minister Theresa May heads to Brussels for more negotiations on changes to the Irish Backstop that she hopes will allow Parliament to vote through her vision of Brexit next week, open party divisions have made that quest far harder to achieve. May will arrive in Brussels today with...
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Bulls Are feeling More Confident On Trade EURUSD, The Fed, And Brexit Hopes
Wednesday, February 20, 2019 - 10:33am | 567Read More...EUR/USD hit the highest levels in nearly two weeks on the Fed's dovishness and optimism on trade. The FOMC Meeting Minutes stand out as traders also eye trade and Brexit news. The technical picture is improving for the pair. EUR/USD is consolidating just below 1.1350 after hitting a high of 1...
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Sterling Stuck Near 1.2900 As UK Wage Growth Misses The Forecast
Tuesday, February 19, 2019 - 11:18am | 481Read More...The GBP/USD is trading little changed on the downside around 1.2910 as the UK unemployment remained at 4-decade low and wages rose less than estimated. Seven members of UK parliament from the opposition Labor party left the party to form an independent group in protest of the party’s slow-...
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"Shattering Blow" – Honda To Announce Swindon Plant Closure
Monday, February 18, 2019 - 6:12pm | 724Read More...Honda, the Japanese-headquartered car manufacturer, is expected to announce the closure of its production facilities in the United Kingdom tomorrow with the potential loss of 3,500 jobs. It is anticipated that the manufacturing plant will close in 2022. Both the British Government and Honda have...
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Brexit Delay Hopes Push Sterling Above 1.2900 Targeting 1.2970 Near-Term
Monday, February 18, 2019 - 11:37am | 429Read More...The GBP/USD is trading little changed around 1.2900 as the UK Brexit Minister travels to Brussels for meeting with EU chief Brexit negotiator Michel Barnier. The UK Prime Minister Theresa May plans to meet with European Commission President Jean-Claude Juncker and speak to the leader of every...
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UK Wages Set To Rise Strongly In Support Of Inflation And Sterling
Monday, February 18, 2019 - 11:34am | 544Read More...The UK unemployment rate is expected to remain stuck to a four-decade low of 4.0% in January. The UK regular pay excluding bonuses is expected to accelerate to 3.4% over the year while total pay is seen up 3.5% y/y in three months to December. The number of people seeking the unemployment benefits...
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Ferry Operator Makes Direct Pitch For Brexit Business
Friday, February 15, 2019 - 1:43pm | 913Read More...The vessel operator Compagnie Luxembourgeoise d'Navigation (CLdN) has made a direct pitch to the British Government in a bid to win contracts for spill-over freight in the event of a no-deal Brexit. Speaking directly to Chris Grayling, the British Government's Secretary of State for...
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EUR/USD Forecast: 3 Reasons To Rise, But Still A Lot Of Gravity
Wednesday, February 13, 2019 - 11:46am | 779Read More...EUR/USD is consolidating its recovery above 1.1300 on an improving market mood. There are three reasons for the rise, but also things to watch out for. The four-hour chart is balanced after the pair emerged from oversold conditions. EUR/USD is trading above 1.1300, balanced after recovering from...
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GBP/USD Forecast: Sterling Leaps Off 100-DMA As UK Inflation Decelerates More Than Expected
Wednesday, February 13, 2019 - 11:41am | 454Read More...The UK Labor party backs the Cooper amendment requiring the government to seek the extension of Article 50 in case of a no-deal Brexit. The UK headline inflation decelerated to 1.8% y/y in January keeping the pressure of the Bank of England to raise the Bank rate amid Brexit uncertainty....
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Banks And Info Tech Lead Way In Sharp Rally Amid Hopes For Geopolitical Progress
Tuesday, February 12, 2019 - 6:38pm | 1226Read More...After several days of geopolitical headwinds, a tailwind blew in Tuesday amid positive tidings on China trade and hopes of avoiding another government shutdown. All the major U.S. indices rose 1% or more, and the S&P 500 Index (SPX) breached key technical resistance at its 200-day moving...
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Is Europe On The Brink Of Recession?
Tuesday, February 12, 2019 - 4:14pm | 638Read More...The latest economic numbers from the U.S. suggest the American economy is still booming. But while the U.S. has been mostly immune to an economic slowdown in Europe, it may not be able to shrug off a full-fledged economic recession. Some experts now believe that a eurozone recession is coming as...
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B-Day Approaches For Brexit Negotiations
Tuesday, February 12, 2019 - 12:58pm | 504Read More...February 15 is exactly six weeks until Brexit Day, with vessels leaving the UK with cargo for far-flung destinations having to decide which documents to carry, those that will be acceptable for Brexit with a deal or papers that cover the cargo for a no-deal Brexit, or both. It was meant to be the...
