Markets in Details: 06 December 2018

6 December, 2018

News

  • Reports emerged that the daughter of Huawei’s founder was arrested in Canada (under U.S. request) sending a chilling wave of uncertainty about how this will affect U.S-China relations and causing heavy losses in China, Tokyo and Hong Kong markets.

The focus of attention

  • Markets are closely observing to see the impact of the arrest of Huawei’s CFO in Canada under U.S. instruction on the financial markets today, whether this will undo the truce between U.S. and China sealed just days ago.

Expected events

  • 13:15 GMT U.S. will release the ADP Non-farm Employment Change Report.
  • 13:30 GMT U.S. will release the Initial Jobless Claims data.
  • 14:45 GMT U.S. will release the latest Services PMI.
  • 15:00 GMT U.S. will release Factory Orders and the ISM Non-Manufacturing PMI.
  • 16:00 GMT U.S. will release the Crude Oil Inventories report.

Technical Analysis 

  • GBP USD is most likely to test the support level at 1.2697 having failed to close above 1.2852 the entire week. The view on the ten-minute chart is suggesting bearishness in the short-term.
  • Dow Jones Dow is clearly having a major trend forming on the downside. It has been pulled down by three long candles on the four-hour chart and would be expected to test the support at 24265 in the next several sessions.
  • EUR USD remains solidly in the existing downtrend and may stall in a narrow trading range for the remaining of the week. The view on the ten-minute chart however is suggesting a downward move is possible in the short term. The next level of support is at 1.1306.


Source link  
Markets in Details: 22 January 2019

IMF downgraded its global growth estimate to 3.5%, the weakest in over three years, citing rising risks given evidence of slowdown in Europe...

Markets in Details: 21 January 2019

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

Markets in Details: 17 January 2019

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


Markets in Details: 16 January 2019

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

Markets in Details: 14 January 2019

A key coalition partner pulled out and withdrew its support for the Greek government. PM Alexis Tsipras is expected to call a confidence vote as a result...

Markets in Details: 11 January 2019

China announced weaker than expected inflation numbers on Thursday sending European markets and U.S. stock futures lower. The lack of specifics...


Markets in Details: 10 January 2019

Car sales became the latest data to confirm China's economic slowdown after Chinese carmaker Geely reported 39 percent YoY drop in sales...

Markets in Details: 19 December 2018

German business confidence slumped below expectations and reached the lowest reading since December 2016, after the Ifo Business Climate reading showed...

Markets in Details: 13 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...


In the past 24 hours Bitcoin has lost -0.19% and reached $3599.89221538. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 1.5351% and is now at $1.1563. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -4.83% and is now at $118.130634428. Have the most popular cryptocurrencies compared online 24/7.


Top Brokers offering Forex Market Analysis



Forex Currencies Forecasts



Top 10 Forex Brokers 2019

# Broker Review
1easyMarketseasyMarkets91%
2FXTMFXTM87%
3HYCMHYCM86%
4FxProFxPro84%
5FIBO GroupFIBO Group83%
6OctaFXOctaFX82%
7HotForexHotForex81%
8FXCMFXCM80%
9XMXM72%
10FP MarketsFP Markets69%
  


Share: