British Pound Steady, But More Brexit Drama Looms
GBP/USD is almost unchanged in the Monday session. In North American trade, the pair is trading at 1.3228, up 0.14% on the day. It’s a quiet session for fundamentals, with no data events. In the U.S., the sole events are...
GBP/USD Outlook: Pound Ticks Higher on News of Possible MV3 on Tuesday but Still Directionless
Cable spiked to session high at 1.3246 on comments that the third parliament’s vote on Brexit plan could be tomorrow. Pound remains volatile and very sensitive on any news regarding Brexit, though there is still long way until satisfactory solution....
The SNB: A Forex Trader’s Guide
The Swiss National Bank (SNB) is Switzerland’s Central bank. Their mission is to promote and maintain monetary and financial stability. It is important for traders to keep up to date with the SNB’s latest changes to monetary policy because it...
GOLD Looks To Pullbacks On Corrective Weakness
GOLD looks to pullback on corrective weakness. While the commodity trades below the 1,320.35 level, risk of more decline remains. The commodity looks to move higher towards the 1,320.00 resistance zone. Further out, resistance resides at the 1,330.00 level where...
Canadian Dollar Unchanged on Light-Data Calendar
The Canadian dollar is unchanged on Monday, after USD/CAD rallied late last week. In the North American session, the pair is trading at 1.3430, unchanged on the day. There are no economic indicators on the schedule. In the U.S., we’ll...
Sentiments Stabilized after German Confidence Data, Brexit to Take Spotlight Again
Market sentiments generally stabilized today after initial selloff in Asia. While major European indices are still in red, losses are so far very limited. German 10-year bund yield even managed to turn positive briefly. Better than expected German Ifo Business...
European FX Handover
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‘More bumps in the road’ before US-China trade deal, former Treasury Secretary Jack Lew warns
A new round of trade talks between American and Chinese officials could help bring an end to the global trade war, former U.S. Treasury Secretary Jack Lew told CNBC on Monday, but resolving the remaining sticking points will be a...
Business economists see a slowdown in growth this year, survey says
The nation’s business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration’s predictions that growth will accelerate this year and next. That finding comes from the latest survey...
WTI Oil Outlook: Rising Concerns about Global Economic Slowdown Keep Oil Price Under Pressure
WTI oil remains in red on Monday, following bearish close last Friday that completed Doji reversal pattern on daily chart. Rising concerns of broadening global slowdown that were sparked by news from Germany on Friday that showed extending contraction of...
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