Wed, Mar 27, 2019 @ 03:05 GMT
Conference Board US Consumer Confidence Index dropped to 124.1 in March, down from 131.4 and missed expectation of 132.0. Present Situation Index dropped from 172.8 to 160.6. Expectations Index dropped to 103.8 to 99.8. "Consumer Confidence decreased in March after...
Precious metals remain trapped between a rock and a hard place. On the one hand, the falling bond yields and the recent stock market weakness should be good news for the so-called safe-haven assets. On the other hand, concerns...
The forex markets are staying in consolidative mode today. Sterling rises notably as some Brexiteers are finally agreeing that Prime Minister Theresa May's deal is better than no Brexit. At least, there is a chance for future governments to...
Chicago Fed President Charles Evans said today that Fed will monitor the slowdown in China and Europe to determine any policy actions. And, "it depends a lot on how large the slowdown would be in China, and how big...
Entering into US session, Yen is the weakest one for today as risk appetite returns to the European markets. Swiss Franc is the second weakest naturally, followed by New Zealand Dollar In particular, Franc CAC is lifted solidly by...
Brexit hardliner Jacob Rees-Mogg reiterated his backing to Prime Minister Theresa May's deal as it's better than no Brexit. He tweeted that "The choice seems to be Mrs May's deal or no Brexit." Also, Rees-Mogg explained in the Monday...
For oil, the focus continues to be mainly on the supply side of the equation rather than demand. Although concerns over demand have come into sharper focus again, owing to further weakness in economic data, ultimately, though, Saudi Arabia...
Gold has declined considerably since hitting the one-month high of 1324.40 on Monday’s trading session, returning back below the red Tenkan-sen line. The technical indicators are suggesting a potential downside risk as both are weakening. The RSI is falling...
Chinese President Xi-Jingping met European leaders in Pair today, including European Commission President Jean-Claude Juncker, German Chancellor Angela Merkel, and the host French President Emmanuel Macron. Xi said that cooperation is the mainstream in China-Europe relations, and even if...
Tuesday March 26: Five things the markets are talking about Global equities have rallied overnight after two session of losses as the U.S 10-year Treasury yields backed away from this year’s low yield print, but the outlook remains somewhat uncertain...
Sterling traders collectively shrug shoulders at Brexit vote There always seems to be another twist when it comes to the Brexit process and the latest came last night, when Parliament voted to take control of proceedings on Wednesday and force...
Pound holds steady as British MPs prepare to vote on alternative Brexit plans Dollar struggles following yield curve inversion Equities breathe sigh of relief as US yields edge up Pound hovers around $1.32 as Brexit drama continues UK Prime Minister...
Following Thursday’s dive towards 1.30, GBPUSD returned to the 1.32 area to maintain the upward pattern it started in December. Meanwhile, the RSI seems to be losing ground in bullish territory, capturing a neutral picture for the short term. The...
Kozo Yamamoto, a senior ruling LDP lawmaker and a key architect of Abenomics, complained that BoJ made a mistake in 2016 to change its policy to target interest rate under than yield curve control, instead of the pace of...
German Gfk consumer sentiment for April, dropped slightly to 10.4, down from 10.7 and missed expectation of 10.8. Gfk noted that consumer mood looks "somewhat more balanced" than in previous months. And more importantly, decline in economic expectation halted,...
The mood across Asian markets improved this morning, amid easing concerns about the global economy and a possible recession in the United States. Market participants are easing up on the risk-off sentiment, with most Asian currencies appreciating against the Dollar,...
EURUSD remains under pressure and the risk is still to the downside as prices continue to drift lower from the 1.1450 high and the 23.6% Fibonacci retracement level of the downleg from 1.1815 to 1.1175, near 1.1325. Also, the...
The forex markets are relatively mixed this week, in particular Sterling. Pound is staying inside familiar range even though the Parliament finally seized control over Brexit from the government. Focus will turn to Wednesday's indicative votes but it's uncertain...
As is usually the case, overnight implied volatility has spiked ahead of the central bank meeting, irrespective of the fact that most expect rates to remain unchanged at 1.75%. Still, it remains prudent to assume volatility could spike in...
The UK Parliament seized control over Brexit from the government after passing a cross-party amendment by 329 to 302 late Monday. The amendment was tabled by former Tory minister Oliver Letwin involving Labour's Hilary Benn. It gives MPs a...
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