Markets in Details: 20 November 2018

20 November, 2018

News

  • The U.S. is taking the trade war with China to a new level when President Trump stated he is considering imposing export controls on high-technology exports.
  • Governor Carney stated the BOE welcomed Theresa May’s divorce deal with the EU and warned of a “large negative shock” to the economy if a no-deal Brexit took place.

The focus of attention

  • Markets await remarks from the Inflation Report Hearings in the UK, the November CBI Industrial Trends Orders, Building Permits and Housing Starts numbers for October.

Expected events

  • 10:00 GMT UK will hold the BoE Inflation Report Hearings.
  • 11:00 GMT UK will release the CBI Industrial Trends Orders for November.
  • 13:30 GMT U.S. will release Building Permits and Housing Starts for October.
  • 21:30 GMT U.S. will release API Weekly Crude Oil Stock report.

Technical Analysis

  • EUR USD appears to be failing at holding on to this week’s gain given the huge price move down on Tuesday. 
  • EUR AUD started the week bullishly and this continues on Tuesday. The pair  overcame resistance at 1.5744 and has room to move in the very short-term.
  • AUD USD is having a bearish week and this worsened on Tuesday with a strong price action that will see it test the 0.7250 level very soon. Expect bearishness to remain.
  • USD JPY is drifting lower and counting on support at 112.31 at the moment. Expect weakness to accelerate if the support is broken.
  • GBP USD is trading sideways after bouncing off the low set on Monday at 1.2797. Expect the pair to remain rangebound in the near-term.

 


Source link  
Markets in Details: 22 August 2019

Recession fears are creeping back in on Thursday. After a mixed session for major equity indices in Asia and Europe, U.S. markets opened...

Markets in Details: 21 August 2019

Strong earnings reports from retailers like Lowe’s and Target are pushing markets higher in the U.S., reversing the 170-plus point loss on Tuesday...

Markets in Details: 20 August 2019

Investor sentiment reversed after a number of negative headlines hit the wires on Tuesday. U.S. Secretary of State Mike Pompeo said...


Markets in Details: 19 August 2019

Global equities are strengthening on Monday as traders are put at ease by positive comments from several big names from the White House...

Markets in Details: 02 July 2019

After an 80-minute discussion behind closed doors on Saturday, China released a statement saying that a truce has been reached which would...

Markets in Details: 11 April 2019

U.S. equities closed neutral to slightly positive on Wednesday after central banks showed support to their economies by keeping both...


Markets in Details: 18 March 2019

Markets will be closely watching developments from the U.K. which is exactly 11 days away from Brexit. The lack of certainty means businesses are completely...

Markets in Details: 25 January 2019

The ECB decided to keep rates unchanged and said it expects rates to stay near current levels at least until the summer. The euro fell against...

Markets in Details: 10 December 2018

Would you like to learn more about economic calendar and the following events? Our analysts will give you the fundamental picture of present situation...

  


Share it on:   or