Central banks decide During the upcoming trading week interest rate decisions from the Reserve Bank of Australia and the Bank of England headline the economic calendar. Both central banks are expected to keep interest rates on hold, although the...
The price of crude oil declined after Saudi Aramco launched its long-awaited initial public offering. The IPO is expected to raise more than $60 billion by selling up to 3% of the company. Riyadh hopes that the IPO will...
Sterling declined as traders reacted to the latest Brexit news. Yesterday, Boris Johnson won a crucial vote in Parliament with members passing the deal he had negotiated with the European Union. This was the first time that the British...
Global stocks jumped even as the International Monetary Fund (IMF) warned of a slow-down in international growth. The global body said that global growth could slow to its lowest rate since the 2008/9 financial crisis. It blamed this on...
GBPUSD awaiting UK data The British pound is trading back above the 1.2600 resistance level against the US dollar after the pair found strong dip-buying demand from the 1.2515 support level. GBPUSD traders are now awaiting a raft of...
US stocks declined yesterday, just two days after the US and China announced a truce on trade. The declines happened as traders continued to worry about the impact of the deal that was announced. The Dow lost 30 points...
BREXIT DISCUSSIONS CONTINUE TO INTENSIFY – TD SECURITIES In view of analysts at TD Securities, Brexit discussions continue to intensify with new deal text reportedly shared overnight. KEY QUOTES “While optimism has been expressed by both the UK and...
Inflation and GDP During the upcoming trading week traders and investors look to the release of global inflation and Chinese Gross Domestic Product Data for direction. The eurozone, UK, Swiss, New Zealand, Canadian and Japanese economies all release important...
USD/JPY technical analysis: Greenback is under pressure below the 107.00 handle The ISM Non-Manufacturing PMI in September disappointed the market dropping to 52.6 in vs. 55 forecast. The level to beat for bears is the 106.50 support level....
NZD/USD STAYS ON THE RECOVERY MODE, EYES ON NZ SECOND-TIER DATA, TRADE NEWS NZD/USD benefits from the USD’s broad weakness. The US-EU trade tension, fears of the US recession play their role amid a light calendar. New Zealand’s ANZ...
