Sterling Softens as Traders Await Brexit Clarity, Aussie Lost Momentum after Initial Rally
Sterling is trading as the weakest one for today so far after suffering some selling in European session. No support is seen for the Pound even though high profile Brexiteer Jacob Rees-Mogg indicated that he might support Prime Minister Theresa...
Trade wars, interest rates, stocks and politics top ADB menu
The Asian Development Bank’s annual meeting is fast approaching. Between May 1 and 5, central bank governors, finance ministers and policy wonks from across Asia will get together in Fiji – and a troupe of bankers will inevitably follow them....
US 30 Index dtands Above ‘Golden cross’; Indicators Signal Weakness
The US 30 index recorded a bullish signal in the previous week, completing a golden cross within the 50- and the 200-simple moving averages (SMAs) in the daily timeframe. Today, though, the index is on the backfoot and the technical...
DAX Sluggish, but Deutsche Bank Sparkles
The DAX has started the week with losses. In the Monday session, the DAX is at 11,660, down 0.21% on the day. In economic news, there is only one event on the schedule. The eurozone trade balance climbed to EUR...
S&P 500 Hits Important Resistance Levels
Equity markets are rising after the recovery of demand for risky assets. S&P 500 closed last week at the highs since October, finally convincing everyone of overcoming an important resistance at 2800 points. Shanghai blue-chip index China A50 rose 2.7%...
Crude Oil Expect 57.80
Pivot (invalidation): 58.65 Our preference Short positions below 58.65 with targets at 58.15 & 57.80 in extension. Alternative scenario Above 58.65 look for further upside with 58.95 & 59.20 as targets. – advertisement –
Comment The RSI calls for...
Australian Dollar Surges as Asian Stocks Rally. Fed, SNB and BoE to Meet This Week
Strong rally in Chinese stocks is lifting Asian markets broadly higher today. Chinese president Xi Jinping is set to visit Italy, France and Monaco from March 21 to 26 this week. While there’s no detail on the visits yet, it’s...
Market Morning Briefing: USDCNY Has Trend Support Near 6.70
STOCKS Indian indices, the Sensex and Nifty 50 remains strong and continue to outperform their global peers. They are likely to move further higher in the coming days. On the global front, Nikkei and DAX are bullish and can move...
After comeback, the stock market is aligned with a historical pattern with perfect track record
Stocks hit a new high for the year this week, back on track to match a post-election pattern that has stood the test of time. The stock market has risen in the year after all 18 midterm elections since World...
Deutsche Bank and Commerzbank go public on merger talks
Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination. Germany’s two largest banks issued short statements following...
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