Sideways: The Fed – I’m a central banker… get me out of here!
Federal Reserve chairman Jay Powell President Trump appointed Powell to run the Federal Reserve, so the central banker cannot complain that he didn’t know what he was getting into when he took the job. It is nevertheless unlikely that Powell...
EUR/JPY Reaches 200-Hour SMA
The common European currency appreciated about 59 base points against the Japanese Yen on Friday. The currency pair was supported by the 50-hour simple moving average. The exchange rate was trading near a resistance level formed by the 200-hour simple...
How European banks can consolidate without merging
If they stand any chance of making money from serving the small and medium-sized clients that American investment banks will never touch, European firms must gain scale by bringing together the continent’s disparate financial markets. That sounds like wishful thinking....
China Manufacturing PMIs Back in Expansion, Asian Stocks and Australian Dollar Lifted
Stock markets staged a strong rally in Asian session as lifted by better than expected manufacturing data from China. Both official and Caixin PMI manufactured climbed back into expansionary region, suggests that the worst could be over. Australian Dollar jumps...
GBP/USD And USD/CAD At Risk Of More Losses
GBP/USD declined sharply below the 1.3165 and 1.3085 support levels. USD/CAD also declined recently and broke the key 1.3400 support level to move into a bearish zone. Important Takeaways for GBP/USD and USD/CAD The British Pound failed to clear the...
US Dollar Mixed Awaiting Brexit And Trade Developments
The US dollar is mixed at the start of the trading week. The Australian and New Zealand dollars advanced after positive Chinese manufacturing data not points to an expansion. Brexit is weighing down the pound after last week’s third defeat...
Oil Rises On Trade Hope And Dollar Softness
Oil is higher at the start of the trading week. The US dollar is softer giving crude some upward momentum. Brexit uncertainty after Prime Minister May’s third attempt to get her proposal through was a failure is on the rise...
EURUSD Bear Pressure Remains Intact, Looks To Weaken Further
EURUSD bear pressure remains intact as it looks to pressure further lower in the new week. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100...
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