EUR/GBP – Pound May Rise Further on Brexit Plan Rejection
The cross stands at the back foot on Monday following Friday’s sharp fall (the pair was down1% for the day) as pound maintains positive sentiment on wide expectations that UK PM’s Brexit plan will be rejected that may force the...
Commodities Outlook 2019: Will Precious Metals Shine?
The commodities complex had a particularly volatile run in 2018, with flaring trade tensions, mounting concerns around slowing global growth, and a stronger US dollar being behind the abysmal performance of most commodities. In 2019, the outlook will hinge mainly...
GOLD: Remains Vulnerable Below Key Resistance At 1,2987.55 Level
GOLD remains vulnerable below key resistance at 1,298.55 level as it looks for more weakness. commodity looks to pullback as it rejected higher prices the past week. On the downside, support comes in at the 1,280.00 level where a break...
Brexit and China Dominates Headlines, Yen Stays Strong
Brexit and China are the two main themes in the markets today. For now Yen is the strongest one so far followed by Swiss Franc. Risk aversion is triggered by terrible trade data from China which intensified worries over slow...
Yellen says economic uncertainty has prompted some retailers to put plans on hold
Retailers are increasingly cautious heading into 2019, with fears of cooling global growth and a market sell-off top of mind, Janet Yellen, former chair of the Federal Reserve, said Monday, during the National Retail Federation’s annual Big Show in New...
Citigroup is set to kick off bank earnings reports – here’s what Wall Street expects
Citigroup is scheduled to report fourth-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $1.55 a share, a 21 percent increase from a year earlier, according to Refinitiv Revenue: $17.6 billion, a 2.2 percent increase from...
Yen Broadly Higher on Risk Aversion after Ugly Chinese Trade Data
Yen strengthens broadly today as Asian stocks are weighed down by rather terrible Chinese trade balance data. Trade war with the US is hurting both exports and imports. But judging from the data alone, it’s unsure who suffered more. Nevertheless,...
GBP/USD Remains Buy On Dips And EURGBP Sell On Rallies
GBP/USD gained momentum recently and broke the 1.2750 and 1.2800 resistance levels. EUR/GBP declined heavily and broke the 0.8960 and 0.8950 supports. Important Takeaways for GBP/USD and EUR/GBP (if you want to trade professionally use our forex advisor download) The British...
Have We Reached Peak Short Term Market Optimism
Markets With the numerous crosscurrents still in play, US shutdown and Brexit notwithstanding, A mild bout of risk aversion seeped into global markets Friday pressuring US equities, oil prices and US bond yields lower, and we saw mostly US dollar...
Ford’s CEO says a ‘big surprise’ is coming next year with electric vehicles
Ford Motor is gearing up to launch new electric cars as soon as next year, CEO Jim Hackett told CNBC on Sunday. Ford has previously announced its plans to invest $11 billion in electric vehicles by 2022 and produce 40...
Signal2forex.com - Best Forex robots and signals




