Late 2017, it seemingly proved impossible for May to satisfy her three most difficult audiences: the Irish Government, which is backed by the EU that it belongs to; Northern Ireland’s Democratic Unionist Party, which is propping up her Government; and the ardent Brexit backers within her own party. At an emergency negotiating session in late…
Daily Technical Analysis. Wednesday, October 4 EURUSD The Euro saw a rise in Asian trading on Wednesday for the second session after recording a seven-week low against the Dollar, which witnessed a drop ahead of the Fed Chairman’s speech today. Technical reading continues to show that prices are still moving within the framework of a positive…
Daily Technical Analysis. Tuesday, Sept. 26 EURUSD The Euro saw weak trading during Tuesday’s session, after hitting a four-week low in yesterday’s session. This decline in the Euro comes after Central Bank President Mario Draghi spoke yesterday before the European Parliament. A rebound in selling pressures on the pair’s move would reinforce the previous bearish…
Market Analysis: Forex, Commodities and Indices React To Jackson Hole Speeches Markets seemed to be refrained Friday, in the wake of rising expectations of a hawkish twist to be delivered by the Fed Chair Yellen and ECB President Draghi at the Jackson Hole event. While the forecast of Hurricane Harvey directly affected Gold and Oil…
Mid-Week to Week-End Market Recap By mid-week last week, concerns over escalating tensions between the U.S. and North Korea capped risk appetite and sent Investors in pursuit of lower-yielding assets. The benefactors of this act were Gold, Japanese Yen and Swiss Franc. All 3 major Market Sessions traded along this sentiment. Base Metals were broadly…
Positive EuroZone Data Gives Euro Bullish Outlook Unless you’ve been distracted with the launch of the new Tesla Model 3, you would have heard that the Consumer Price Growth in the Euro area remained steady at 1.3% in July. This is according to the flash estimate from the European Statistics Agency, as reported by Bloomberg. Core…
With the FOMC Statement in focus, Forex Traders, Commodity Investors and Market Analysts alike, have had their eye on Silver and XAGUSD. XAGUSD has been consolidating around the $16.40 mark, and unless you’ve been busy watching ‘Game of Thrones’, taking pictures at the Iron Throne (if you live in Dubai) or making the ‘Winter Is Here’…
After the May-Juncker Meeting at Downing Street, Word on The Streets of London is that there exists undeniably, a gap between Britain’s and the EU’s understanding of the ‘Brexit Rollout’. Prime Minister May is determined however, that come March 2019, Britain leaves the EU, deal or no deal. Business Chiefs in the UK have warned against Brexit…
Yesterday Monday was little active as most markets observed the Labour Day Holiday. The Core PCE figures, which is the Fed’s preferred Inflation measure, fell short of the Central Bank’s 2% target. Euro strengthened against the Dollar after weak US Factory and Inflation figures came in less than expected. Sterling weakened against the Dollar, Australian…
EU Ministers meet at Luxembourg today to discuss Brexit negotiation guidelines. Britain of course, odes not expect to get all that it wants, but Brexit Secretary David Davis is optimistic that a global Britain will always welcome the best and the brightest. Wall Street Journal reports that the Trump Administration said it was no longer…
