Markets in Details: 29 January 2019

29 January, 2019

News

  • While the ECB ended its four-year QE program, Mario Draghi did not exclude the possibility of using this tool. He said it remains an option in the central bank’s toolbox, although the ECB is unlikely to resort to it in 2019.
  • On Monday, U.S. Justice Department announced criminal charges against China’s Huawei, thus renewing tensions between the U.S. and China. The company was charged with violation of sanctions on Iran, money laundering, stealing trade secrets, fraud and obstruction of justice.

The focus of attention

  • On Tuesday, markets are expected to react to the parliament’s vote on Brexit, the latest inflation data from Italy, and consumer confidence indexes in the U.S and France.

Expected events. All times GMT.

  • 07:45 France releases the latest consumer confidence index.
  • 09:00 Italy releases the PPI in December.
  • 15:00 The U.S. releases the CB consumer confidence index.
  • 19:00 The UK’s parliament votes on Brexit.

Technical Analysis 

  • GBP/USD On Monday, the GBP/USD weakened after last week’s growth. The pair is trading near the 50SMA, and 1.3137 is the key level. One should keep an eye on it to understand whether the upward movement is going to continue or the momentum will change.
  • EUR/USD After Friday’s big move, the EUR/USD pair found support at around 1.1402 on Monday and at 1.1425 early on Tuesday. We expect the pair to stay positive while the RSI remains above 60.


Source link  
Markets in Details: 18 April 2019

Today, markets are focused on PMIs in the U.S., eurozone and Germany, as well as retail sales in the UK and the U.S. Despite strong economic...

Markets in Details: 17 April 2019

Financial markets are expected to stay in the green today after the strong economic reports from China which suggests government efforts...

Are CBs going to facilitate next run?

Despite the fact that World Trade Organization has cut its forecast for trade growth, the S&P 500 is 1.1% away from all-time highs. Markets seem to be ignoring...


Markets in Details: 15 April 2019

The tussle between whether or not to hold a second public referendum in the UK continues as Jeremy Corbyn received threats, most recently...

Markets in Details: 01 April 2019

China's manufacturing PMI showed improvement on Monday - The Caixin Manufacturing PMI came in at 50.8 - creating the perception that the world...

Markets in Details: 21 March 2019

President Trump announced that tariffs on China would remain for the time it will take to make changes that the U.S. demands from the world...


Markets in Details: 19 March 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...

Markets in Details: 14 March 2019

U.K. Parliament rejected the option of a no-deal Brexit on Wednesday sending Sterling short positions to its highest levels since December, a sign...

Markets in Details: 13 March 2019

The EU suffers more industrial pain as German carmaker VW announced plans to axe 7,000 jobs to streamline operations. German carmakers...


In the past 24 hours Bitcoin has lost -1.24% and reached $5270.16305518. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has lost -0.4259% and is now at $1.1296. Start trading and making money on Forex today.

In the past 7 days Ethereum has gained 1.81% and is now at $168.365046317. 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
1easyMarketseasyMarkets93%
2FXTMFXTM90%
3HYCMHYCM89%
4FxProFxPro87%
5FIBO GroupFIBO Group85%
6OctaFXOctaFX83%
7HotForexHotForex82%
8FXCMFXCM79%
9AlpariAlpari78%
10XMXM73%
  


Share: