US Data Shines, But Pound Unmoved
GBP/USD has ticked lower in the Thursday session. In North American trade, GBP/USD is trading at 1.3081, down 0.06% on the day. There are no British indicators on the schedule. In the U.S., key indicators were strong. PPI climbed 0.6%,...
Becoming a Better Trader – Pullbacks Versus Reversals
The question is often asked as to how to best identify a pullback and avoid getting caught in a trend reversal. There are a few different factors to consider, but it boils down to two key components – context and...
Political crackdown harms Tanzania’s infrastructure ambitions
The populist policies of president John Magufuli have given investors cause for concern Tanzania will find it difficult to fulfil its huge infrastructure needs in the short to medium term given its challenging political situation, which has led to international investors...
‘The worst, ill-suited appointments’: Pelosi slams Trump’s Fed picks Herman Cain and Stephen Moore
House Democratic leadership slammed President Donald Trump’s nominees for the Federal Reserve’s Board of Governors, calling them unqualified and dangerous. Speaking to reporters at a private lawmakers’ retreat, House Speaker Nancy Pelosi called conservative commentator Stephen Moore and businessman Herman...
Gold – Still Vulnerable after Decent Run
$1,280 vulnerable if gold fails to break March peak We’re seeing some profit taking in gold early in the day on Thursday, with the yellow metal coming on the back of four winning days in the last five. That’s an...
Fed must ‘tread carefully’ given market signals on outlook: Bullard
Financial markets are sending worrisome signals about the U.S. economic outlook and the Federal Reserve needs to “tread carefully” to keep the economy growing, a policymaker at the U.S. central bank said on Thursday. St. Louis Federal Reserve President James...
Fed’s Clarida: US slowing, but expansion will ‘almost certainly’ break record
The U.S. is economy likely slowing from its strong rate of growth in 2018, with “important international risks” clouding the outlook, Federal Reserve vice chairman Richard Clarida said on Thursday. This summer, 10 years after the U.S. emerged from a...
GBPCAD Could See Further Gains above Short-Term SMAs
GBPCAD is rising after it found strong support at the 38.2% Fibonacci retracement level of the upward movement from 1.6590 to 1.7795, around 1.7335. The technical indicators are trying to strengthen their momentum, mirroring the market’s behavior over the last...
Markets Continue to Kick the Can Down the Road
The main market theme of ‘kicking the can’ down the road continues. The likely Brexit delay will not be solving the underlying problem any time soon. The UK and the EU have agreed a “flexible extension” of Brexit until 31...
Signs of a global economic recovery in the second half are emerging
Worries about the global economy percolate even as equities around the world rise, but an economist at Ned Davis Research says the worst of it may be over. Alejandra Grindal, senior international economist at the firm, said the aggregate of...
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