US threatens to slap new tariffs on EU goods in retaliation against Airbus subsidies
The U.S. Trade Representative on Monday proposed a list of European Union products ranging from large commercial aircraft and parts to dairy products and wine on which to slap tariffs as retaliation for European aircraft subsidies. With the move, the...
Modi’s opponent has a radical plan to tackle poverty in India
India heads to the polls starting this week to elect members for the lower house of its Parliament. The outcome, to be announced in May, will determine if Narendra Modi can secure a second term as prime minister. One of...
Majority of Wall Street pans Trump’s Fed picks, Stephen Moore and Herman Cain
Some on Wall Street are blasting President Donald Trump’s intentions to nominate Stephen Moore and Herman Cain to the Federal Reserve board of governors, with majorities in a CNBC Fed Survey saying the Senate should not confirm either man and...
UK Growth Likely Grind to a Halt in February as Markets Await Brexit Decisions
Economic indicators due out of the United Kingdom on Wednesday (08:30 GMT) are anticipated to show GDP growth stalling in February amid the heightened uncertainty around Brexit. But it will be happenings in the Brexit sphere that will once again...
Japanese Yen Improves on Strong Current Account Surplus
USD/JPY has lost ground in the Monday session. In the North American session, the pair is trading at 111.37, down 0.31% on the day. Japan’s current account surplus surged to JPY 1.96 trillion, up from JPY 1.83 trillion a month...
USD/TRY Outlook: Turkish Lira Falls Further in Post-Election Turmoil; Jobs Data in Focus
The USDTRY rallied on Monday too new two-week high, signaling eventual break above strong Fibo barrier at 5.6354 (61.8% of 5.8410/5.3026), below which the action was congested for over one week, unable to clearly break higher, despite strong upticks. Fresh...
EURNZD Extends Bullish Actions Despite Overstretched Stochastic
EURNZD reached overbought levels according to the stochastic oscillator as the price hovers above the 23.6% Fibonacci retracement level of the downward movement from 1.7925 to 1.6885, around 1.6675, recording a fresh one-month high, today. While the aforementioned technical indicator...
Euro Higher as Investor Confidence Improves, Yen also Recovers as Risk Markets Turned Mixed
Euro receives a wave of buying in European session, partly as lifted by improving investor confidence data. EUR/USD’s break of last week’s high is a positive development. Yet, the rally is not strong enough to warrant near term bullishness yet....
Risk-Off For Stocks Amid Rising Brent And Falling USD
A rare combination: risk-off for stocks amid rising Brent and falling USD Stocks In the run-up to the start of the earnings season, stock markets investors take a more cautious stance after an impressive rally since the beginning of the...
Lull Benefits USD Longs
Lull benefits USD longs At the start of the trading week, markets are lacking new drivers that could provide meaningful direction. Last week, US labor market data failed to provide any clarity. US NPF recovered to 196k from ultra weak...
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