2019 UK General Election
Britain’s electorate will go to the polls on Thursday the 12th of December 2019, with expectations that the results of the general election will pave the way towards the end of 3 ½ year-long Brexit story.
UK Prime Minister Boris Johnson…
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The Euro regained traction after mixed US data; awaiting Fed for more signals
The Euro jumped at the beginning of the US session on Wednesday, after mixed US inflation data (Nov CPI m/m 0.3% vs 0.2% f/c but offset benign core CPI which came in line with expectations at 0.2%) deflated dollar.
Today’s dip to 1.1070…
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Pound eases on polls showing narrowing Tory majority
Cable edged lower in early Wednesday’s trading, after spiking to new highest level since 24 Mar (1.3215) on Tuesday, as the latest polls showed a narrowing lead of Conservative Party (28 seats majority vs 68 two weeks ago) that also…
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Consolidation extends into second day but bias remains bullish above broken $58.46 pivot
WTI oil holds in extended consolidation under new eleven-week high at $59.76, as fresh boost to oil prices on OPEC+ agreement to deepen production cuts was offset by renewed concerns about global demand outlook on US/China trade conflict.…
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Bears face headwinds from daily cloud base, fresh trade hopes
The Aussie bounced from the session low at 0.6800 at the start of US trading on Tuesday, on news that fresh round of tariffs due to start on 15 Dec, might be delayed.
The pair remained in red during Asia and Europe following mixed results…
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Turkish lira stands at the back foot on rising political tensions and ahead of CBRT rate decision,…
The pair is consolidating under new seven-week high on Tuesday after advancing 1.1% in past two days, as dollar advanced on strong US jobs data while lira came under pressure on persisting tensions over purchasing Russian arms and the…
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Bulls face headwinds from daily cloud top again ahead of German ZEW data
The Euro remains in green for the second straight day and attacks again daily cloud top (1.1076) which capped Monday’s action.
Rising daily momentum is attempting into positive territory and supporting the action, but positive signals…
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UK data eyed for fresh signals
Cable maintains positive tone and pressuring new over seven-month high at 1.3180 (9 Dec) in Tuesday’s early European trading, ahead of UK data.
Strong bullish sentiment remains fueled by expectations for Conservative Party victory on…
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Post-NFP slump risks extension below daily cloud
The Euro accelerated lower on Friday, hit by upbeat US NFP data (Nov 266K vs 186K f/c while Oct figure was revised to 156K from 128K).
Non-farm payrolls hit the highest in 10 month, signaling the strength of US labor sector amid rising…
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Aussie stands at the front foot ahead of US data but still holding within the triangle
The Aussie maintains bid tone on Friday and recovers the most of previous day’s losses, after dips were repeatedly contained by the top of thickening daily cloud which continues to support.
Weaker US dollar contributed to fresh advance,…
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