FTSE Climbs as Fed Comments Continue to Weighs on Dollar
The FTSE has posted considerable gains on Monday. Currently, the index is trading at 7,378, up 0.63% on the day. On the release front, British numbers were unexpectedly soft. Monthly GDP dropped 0.4% in April, its second straight decline. There...
USD/ZAR Outlook: Pullback Extends after Strong Upside Rejection
Bulls are losing traction as the price eases for the second day, following strong upside rejection on Friday (spike high was left at 15.17, the highest since early Sep) before quick pullback. Daily stochastic reversed from overbought territory, RSI turned...
Sterling Tumbles on GDP Contraction and Weak Manufacturing Outlook
Sterling trades broadly lower today after data showed unexpected GDP contraction in April. More importantly, the deterioration in manufacturing after Brexit stockpiling appeared to be much worse than expected. Other survey data indicated little recovery momentum in Q2 so far,...
US 100 Index Recovers Notable Losses in Short Term
The US 100 index advanced considerably in the previous week, penetrating the Ichimoku cloud following the rebound on the 6930 support level. However, the bulls have so far been unable to push the price above the 50-day simple moving average...
US wind energy industry is booming, but tariffs pose a threat
In 2008, Jason Urichich was at a crossroads. He lost his home and landscaping business in Youngstown, Ohio, and decided it was time for a change. He decided to pursue a six-month program at Kalamazoo Valley Community College in Michigan...
Trump: If President Xi does not attend G-20, more China tariffs will go into effect immediately
President Donald Trump confirmed on Monday that additional tariffs on Chinese goods will be levied if Chinese President Xi Jinping does not attend this month’s G-20 meeting. When asked during a telephone interview if that means the new tariffs would...
Stocks making the biggest moves premarket: United Tech, Raytheon, Salesforce, Tilray, Uber & more
Check out the companies making headlines before the bell: United Technologies – United Technologies and Raytheon have announced a stock swap merger. Raytheon shareholders will receive 2.3348 shares for every share they now own, and the new company will be...
Markets, Trade Wars, Oil
Markets buoyed by central banks and US/Mexico deal We’re trading back in the green at the start of the week as central banks continue to provide comfort for investors and a border deal between the US and Mexico eases trade...
Dollar Recovers on US-Mexico Deal, Aussie Weighed Down by China Imports
Dollar recovers broadly today while stocks markets rebound. Threat of US-Mexico trade war vanished after Trump announced to suspend indefinitely the plan to impose tariffs on all Mexican imports. An agreement was made between the US and Mexico on migration...
GBP/USD And USD/CAD: US Dollar Showing Signs Of Weakness
GBP/USD gained pace this past week and recovered above the 1.2700 resistance. USD/CAD declined steadily below 1.3300, signaling short term US Dollar weakness. Important Takeaways for GBP/USD and USD/CAD The British Pound started a decent recovery and recovered above 1.2700...
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