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GBP/USD Forecast: 50 DMA Support Turns To Resistance As Fed Chair Indicates More Hikes
Thursday, October 4, 2018 - 9:15am | 475Read More...A 50-day moving average at 1.2972 on a daily chart turns resistance after as Sterling slides on the indication of Fed hiking further. The UK Prime Minister national Tory convention speech called for unity in Brexit negotiations with the UK ready for no deal Brexit if concessions are not met...
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GBP/USD Forecast: Break Below 50-DMA Opens Further Downside For Sterling
Tuesday, October 2, 2018 - 9:16am | 445Read More...GBP/USD trades 0.5 percent lower on Tuesday with Tory party conference likely to produce more Brexit related headlines that weigh on currency. The UK construction PMI fell short of market expectations to a 6-month low of 52.1 in September but macro data are having little effect on Sterling....
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GBP/USD Forecast: Tory Party Wars Weigh On Sterling
Monday, October 1, 2018 - 10:04am | 396Read More...GBP/USD trades little changed on the upside as UK manufacturing rose above expectations. The Tory party disputes weigh on Sterling as party leadership is questioned weeks before the key Brexit deal with the European Union. 50-day and 100-day moving averages serve as support and resistance for now...
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GBP/USD Forecast: Brexit, Boris Johnson, And Weak Data Weigh
Friday, September 28, 2018 - 9:18am | 585Read More...The GBP/USD is extending its losses, trading at the 1.3000 handle. Concerns about Brexit, a disappointing GDP, and threats to the government weigh. The technical picture looks more bearish than it used to. The GBP/USD is battling 1.3050, trading lower and extending its drops. Brexit negotiations...
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GBP/USD Forecast: Becoming Immune To Brexit Headlines?
Tuesday, September 25, 2018 - 9:21am | 533Read More...The GBP/USD is ticking up in range, rising on USD weakness. German Chancellor Merkel joins the chorus about Brexit. The technical picture is not that great for the pair. The GBP/USD is trading at 1.3150, slightly higher on the day. The US Dollar is losing some ground after strengthening earlier....
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GBP/USD Forecast: Sterling Targets 1.3325 As Upmove Triggered By UK Retail Sales Continues
Thursday, September 20, 2018 - 9:28am | 485Read More...Sterling rose to a 2-month high boosted by the UK retail sales data and general Dollar weakness with the unofficial Brexit summit ahead in Salzburg, Austria. Sterling is expected to test the 1.3325 level representing 38.2 percent Fibonacci retracement of the slide from 2018 high. The GBP/USD is...
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Brexit: May May Surrender After The Conservative Conference, Buying Opportunity On GBP/USD?
Monday, September 17, 2018 - 9:17am | 705Read More...PM May is toughening her position ahead of key events. It may preempt a total surrender after the Conservative Party Conference in Birmingham. The GBP/USD may fall on the headlines now but could soar if things improve afterward. UK Prime Minister Theresa May said that "it's either my...
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The Bank of England Preview: Three Things To Watch In BoE Statement
Wednesday, September 12, 2018 - 9:23am | 615Read More...After raising the Bank rate to 0.75 percent in August, the Bank of England is set to remain in a wait-and-see mode waiting for further Brexit deal development with no deal scenario possibly triggering inflationary scenario. Stronger than expected UK wage growth is unlikely to alter the outlook for...
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Brexit: Talking Is Good, Timing Is Bad, And Agreeing Can Be Ugly
Wednesday, August 22, 2018 - 9:26am | 818Read More...The UK and the EU decided to hold ongoing negotiations, and that lifted the Euro. Time is running short ahead of self-imposed and real deadlines. The thorny issues remain unresolved, and the UK government is somewhat paralyzed. Talking is better than an extended summer vacation EU Chief...
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Europe ETFs Contend With A Downgrade
Tuesday, July 10, 2018 - 12:38pm | 474Read More...After tempting investors in 2017, European stocks and the related exchange traded funds are languishing this year. The iShares Europe ETF (NYSE: IEV), which includes economies in and outside of the Eurozone, is lower by more than 1 percent year-to-date. The iShares MSCI Eurozone ETF (CBOE:EZU), a...
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The UK's Political Turmoil, Explained
Monday, July 9, 2018 - 3:24pm | 483Read More...A year after the market-moving referendum, Brexit continues to cause commotion in the United Kingdom. Two British cabinet members announced their resignations this week in protest of the soft shape Brexit policy is taking. What Happened David Davis, the cabinet member charged with managing Britain...
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Italy ETF Contends With Election Results, Dour Social Climate
Tuesday, March 6, 2018 - 10:19am | 477Read More...The iShares MSCI Italy ETF (NYSE: EWI), the largest U.S.-listed exchange-traded fund dedicated to Italian stocks, finished slightly lower Monday, a day after Italian election results indicated increased odds of a hung parliament and voters favoring far-right, populist parties. Last year, voters in...
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5 Reasons The Prognosis For Acadia Healthcare Just Got Worse
Wednesday, October 25, 2017 - 10:24am | 350Read More...Shares of Acadia Healthcare Company Inc (NASDAQ: ACHC) plummeted 25 percent after the behavioral healthcare services company with operations in the U.S. and U.K. reported disappointing third-quarter earnings. In reaction to the earnings report, Baird's Whit Mayo downgraded Acadia's stock...
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After Another Weak Quarter, Is Whirlpool Washed Up?
Tuesday, October 24, 2017 - 9:31am | 359Read More...Shares of Whirlpool Corporation (NYSE: WHR) were trading lower by more than 10 percent early Tuesday morning after the company reported an earnings miss and revised its outlook to the downside. Bank of America's Curtis Nagle downgraded Whirlpool's rating from Buy to Neutral with a price target...
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Lloyds And RBS Named The Best UK Bank Stocks
Tuesday, October 10, 2017 - 11:12am | 460Read More...Investors with exposure to United Kingdom Banks may want to pay attention to a new research report by analysts at Credit Suisse, which lists firm's top picks. Overall, there is "too much pessimism" about domestic-focused U.K. banks, especially given a view of a "soft Brexit," coupled with low...
