Markets in Details: 07 March 2019

7 March, 2019


  • Overnight the U.S. reported higher trade deficit sending the stock market in the red. Despite President Trump’s protectionist trade moves, its trade gap rose to a 10-year high with a $119bn increase since he took office.

The focus of attention

  • Besides the interest rate decision by the ECB, today markets are expecting a slew of economic data including housing data from the UK, Q4 GDP from the EU as well as initial jobless claims from the U.S. Observers are closely watching to see whether the Federal Reserve will lean towards tightening  in view of continued strength of the economy.

Expected events. All times GMT.

  • 0001 UK will release the RICS House Price Balance.
  • 0830 UK will release the Halifax HPI.
  • 1000 EU will release Q4 GDP.
  • 1245 EU will release its latest interest rate decision.
  • 1330 U.S. will release Initial Jobless Claims.

Technical Analysis

  • GPB USD arrested its decline with a higher low on Wednesday, stopping a six day downtrend. The RSI also showed that momentum resistance at 53% broke on the same day and the pair appears to be consolidating at the moment with momentum at the 60% level. Expect the reversal to continue should RSI heads higher in today’s session.

Source link  
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...

Markets in Details: 12 March 2019

UK PM Theresa May has secured legally binding changes to her Brexit deal after late talks with EU on Monday. She did not secure the outright...

Markets in Details: 11 March 2019

President Trump is expected to release his budget blueprint which is expected to propose a budget that would not balance for 15 years and...

Markets in Details: 06 March 2019

The view of the British pound remains bearish as GPB/USD continued sliding to 1.3155 by close on Tuesday. The pair met with its support at 1.3113...

Markets in Details: 05 March 2019

On Tuesday, markets are paying close attention to services PMI in China, UK, the EU, and the U.S. They will also monitor the retail sales in the...

Markets in Details: 04 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...

In the past 24 hours Bitcoin has gained 0.49% and reached $3967.87896925. 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 lost -3.56% and is now at $135.059587306. 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
5FIBO GroupFIBO Group85%