GBP/USD Outlook: Cable Moves Higher In Early Friday’s Trading Following Previous Day’s 0.65% Fall
Cable moves higher in early Friday’s trading following previous day’s 0.65% fall. Lack of agreement in PM May’s talks with opposition frustrated bulls which repeatedly failed to close above converged 20/30SMA (1.3166/69) as rallies stalled ticks ahead of 1.32 barrier....
Focus Turns to Non-Farm Payroll after Vague Progress in US-China Trade Talks
Yen is trading softer in otherwise quiet markets today with Hong Kong and China on Holiday. Yen is indeed also the weakest one for the week following rebound in global treasury yields. For now, Swiss Franc is the second weakest...
The Dow Breaks Out Of Compression
Since its V-bottom, the index rallied over 20% since the December low in an almost straight line. Whilst the index spent a month coiling within a symmetrical triangle, an elongated bullish engulfing candle provided a prominent low, where its failure...
Jamie Dimon: US ‘absolutely’ right to enter trade war, despite short-term economic toll
J.P. Morgan Chase CEO Jamie Dimon did not condemn the White House’s decision to face off with China on trade. Even if it’s a drag in the near-term. When asked whether he thought the trade dispute was one we should...
Friday’s jobs report could eliminate market’s recession fears
Companies seem to have done a lot of hiring in March, and if Friday’s jobs report is as strong as expected, it could go a long way towards reducing speculation that a recession is coming and that the Fed will...
Risk Appetite Increases on Trade War Breakthrough Hope
Equities are rallying and sovereign bond prices have been falling in week one of Q2. Investor optimism has been supported by stronger China PMI data and on the news that China and the U.S maybe on the cusp of a...
Yen Subdued ahead of Japanese Consumer Spending
USD/JPY is showing little movement on Thursday. In the North American session, the pair is trading at 111.58, up 0.08% on the day. On the release front, U.S. unemployment claims impressed, dropping to 202 thousand. This was below the forecast...
USDZAR Posts New High, Turns Neutral in Medium Term
USDZAR recovered significant ground in recent months, climbing above both its 50- and 200-day simple moving averages (SMAs) to post a new five-month high of 14.74 last week. Even though the pair retreated a little afterwards, the new high at...
EU50 Index Looks Overbought above Uptrend Line; Golden Cross Forming
The blue chip EU50 stock index restored bullish dynamics after meeting resistance at the 200-day moving average (MA) and hit a six-month high of 3,440 on Wednesday. While the RSI and the fast stochastics are warning over an overbought market,...
MARKET WRAP: Trade Optimism Moved Markets Higher
US futures opened higher and European markets followed this momentum in the positive direction Stocks The S&P 500 Index gained 0.2 percent as of 15:00 London time, while the Nasdaq Composite Index jumped 0.51 percent and the Dow Jones Industrial Average rose less than...
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