Day: March 26, 2019
Gold Slips Despite Soft U.S. Numbers, Investors Remain Concerned about Economy
Gold has posted considerable losses on Tuesday, erasing the gains seen on Monday. In North American trade, the spot price for one ounce of gold is $134.52, down 0.56% on the day. In economic news, Building permits slowed to 1.30 million, shy of the estimate of 1.32 million. Housing starts also slowed, falling to 1.16 …
Gold Slips Despite Soft U.S. Numbers, Investors Remain Concerned about EconomyRead More
British Pound Edges Higher as U.S. Consumer Confidence Sags
GBP/USD has edged higher in Tuesday session. In North American trade, the pair is trading at 1.3221, up 0.17% on the day. On the release front, British mortgages slumped to their lowest level in almost six years. The February reading of 35.3 thousand was well below the forecast of 39.4 thousand. It was also a …
British Pound Edges Higher as U.S. Consumer Confidence SagsRead More
GBP/CAD Found Buyers In Blue Box And Rallied
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPCAD. As our members know GBPCAD is showing incomplete bullish sequences in the cycle from the August 15th 2018 low. Break of the 01/25 peak made the pair bullish against the 1.697 pivot. Consequently, we …
US consumer confidence weakens in March
American consumers were feeling less confident this month amid continued volatility in the financial markets. The Conference Board, a business research group, says its consumer confidence index fell to 124.1 in March from 131.4 in February. The index, covering through March 14, measures consumers’ assessment of current economic conditions and their expectations for the next …
WTI Oil Futures in a Flying Mode; Bullish Bias in Short Term
WTI crude oil futures have come under renewed buying interest, rising back above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart after the market found strong support at the 23.6% Fibonacci retracement level of the upleg from 51.60 to 60.36, around 58.30. Looking at momentum oscillators, they suggest further upside pressures may …
WTI Oil Futures in a Flying Mode; Bullish Bias in Short TermRead More
Yen Lower as CAC Leads European Stocks Higher, Sterling Rises on Revived Brexit Hope
The forex markets are staying in consolidative mode today. Sterling rises notably as some Brexiteers are finally agreeing that Prime Minister Theresa May’s deal is better than no Brexit. At least, there is a chance for future governments to adjust the relationship with EU further. But in any case, traders will likely stay cautious ahead …
Yen Lower as CAC Leads European Stocks Higher, Sterling Rises on Revived Brexit HopeRead More
Ole Matthiessen is new global head of cash management at Deutsche Bank
Before this, Michael Spiegel ran Deutsche’s global cash management business for more than 10 years. Spiegel is not going too far: he is set to lead a newly founded unit within the investment banking business. One of the main functions of the new unit is to market treasury products to the bank’s corporate clients. This …
Ole Matthiessen is new global head of cash management at Deutsche BankRead More
WTI: Crude Oil Steady As Investors Weigh Demand Against Supply Forces
For oil, the focus continues to be mainly on the supply side of the equation rather than demand. Although concerns over demand have come into sharper focus again, owing to further weakness in economic data, ultimately, though, Saudi Arabia and co. in the OPEC+ group of producers want higher oil prices and to achieve that …
WTI: Crude Oil Steady As Investors Weigh Demand Against Supply ForcesRead More
Massive Airbus Deals Boosts France’s CAC Index
The French blue-chip CAC index has climbed by 0.70% on Tuesday. Currently, the CAC is trading at 5298, up 0.72%. The index has improved this week, after suffering losses of over 2.0% on Friday. The DAX has posted small gains of 0.10% and is trading at 11,375. News that China was buying some 300 jet …
Investors Are Nervous About A Possible US Recession
Stock markets lost more than 2.5% during sell-off since the end of last week on fears that debt markets give a signal of an imminent U.S. recession. However, the global currency markets remained calm, and this, in our opinion, provides an important inside about market sentiment. At the same time, investors very nervously perceived a …
Investors Are Nervous About A Possible US RecessionRead More
Install your trader software at VPS server of one of the super fast providers:
Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
