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Day: March 29, 2019

Key data could end or defend recession fears as stocks notch best quarter in a decade

Stocks head into the second quarter propelled by the best quarter in nearly a decade as the long tepid IPO market starts to simmer again. But the markets also face a reality check in the week ahead with some key data that could help clarify whether the economy is losing steam or just stumbling through …

Key data could end or defend recession fears as stocks notch best quarter in a decadeRead More

Struggling Euro Shifts Focus to Flash Eurozone CPI

While the Brexit drama continues to keep investors busy in Europe, holding the euro and the pound in check, the Eurozone preliminary inflation readings for the month of March are expected to steal attention on Monday at 0900 GMT. Consensus is for the headline inflation to remain unchanged below the target the European Central Bank …

Struggling Euro Shifts Focus to Flash Eurozone CPIRead More

GBP/USD Outlook: Sterling Cracked Key Supports after UK Lawmakers Rejected Brexit Plan Again

Cable collapsed below 1.30 on Friday and cracked key supports (200SMA/bull-channel support trendline and also pressured the top of thick daily cloud) after UK parliament rejected PM May’s deal for the third time. Lawmakers voted 344 against vs 286 for the deal, confirming their previous decisions that the plan is not good enough. Cable moved …

GBP/USD Outlook: Sterling Cracked Key Supports after UK Lawmakers Rejected Brexit Plan AgainRead More