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: 24 April 2019

Crude prices moved higher for the second session yesterday after Washington decided not to renew sanction waivers for countries buying Iranian oil...

Markets in Details: 22 April 2019

Crude prices continue to rise on the anticipation that the U.S. will end oil sanctions waivers on Iran oil imports on Monday in a bid to increase...

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...


Share it on:   or