Day: March 19, 2019
Fed to Clarify How Patient it Could Get With Rate Hikes
The Federal Open Market Committee (FOMC) has two main things to clarify at the end of its two-day policy meeting on Wednesday at 1800 GMT. First is the course of rate hikes that the central bank hinted it will pause until later this year. Then is the size of the balance sheet and particularly policymakers’ willingness to continue winding …
Fed to Clarify How Patient it Could Get With Rate HikesRead More
Markets Remain Choppy ahead of Fed
USD – Dollar maintains soft tone as dovish Fed firmly priced in Brexit – EU to offer conditional extension Stocks – Risks are growing Oil – Delaying the April OPEC meeting should be bearish Gold – Higher as dovish Fed firmly priced in Tight trading conditions persist as the FOMC begins their two-day meeting. Volatility …
GBPCAD on a Slippery Mode; Stays Positive in Medium Term
GBPCAD is losing momentum after finding a strong resistance obstacle around the nine-month high of 1.7795 in the preceding week. The technical indicators are slowing down, mirroring the market’s behavior over the last days as the RSI is flattening in positive territory. The MACD is also holding in the bullish area, however, it slipped below …
GBPCAD on a Slippery Mode; Stays Positive in Medium TermRead More
GBPUSD Risk Continues To Point Higher Despite Price Hesitation
GBPUSD risk continues to point higher despite price hesitation. Support stands at 1.3250 level. Further down, support comes in at the 1.3200 level where a break will turn focus to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the stage for more weakness towards the 1.3050 level. On …
GBPUSD Risk Continues To Point Higher Despite Price HesitationRead More
German ZEW Lifts Stocks & Yield But Not Euro, Sterling Still Range Bound
The forex markets are having no clear direction for the moment. In particular, positive data from Europe were generally ignored by currencies even though yields and stocks are lifted. At the same time, there is no clarity regarding Brexit after Commons Speaker John Bercow ruled out meaningful vote on the same Brexit deal yesterday. Sterling …
German ZEW Lifts Stocks & Yield But Not Euro, Sterling Still Range BoundRead More
FTSE Pushes on Despite Brexit Uncertainty
In recent days, we have been talking up the prospects of stronger recovery in European stock markets, owing in part to the falling government bond yields as a result of major central banks like the European Central Bank turning dovish recently. The German DAX index, for example, is looking a lot healthier now given its …
Canadian Dollar Edges Higher ahead of Budget Release
The Canadian dollar has posted slight gains in the Tuesday session. Currently, USD/CAD is trading at 1.3310, down 0.20% on the day. On the release front, Canada releases its annual budget, which should be treated as a market-mover. All eyes are will be on the Federal Reserve, which holds a policy meeting on Wednesday. The …
Canadian Dollar Edges Higher ahead of Budget ReleaseRead More