Markets in Details: 13 March 2019

13 March, 2019

News

  • The EU suffers more industrial pain as German carmaker VW announced plans to axe 7,000 jobs to streamline operations. German carmakers have been targeted by President Trump who has repeatedly said he wants to levy higher tariffs on imported European cars as part of his America First policy.

The focus of attention

  • GBP/USD will be keenly watched this evening as the UK will vote on the No-Brexit deal after Theresa May’s expected parliamentary loss yesterday.

Expected events. All times GMT. Semua waktu GMT.

  • 10:00 EU will release eurozone industrial production.
  • 12:30 U.S. will release Core Durable Goods Orders and PPI.
  • 19:00 UK parliament will vote on No-Brexit deal.

Technical Analysis

  • GBP/USD is still presenting traders with opportunity after yesterday’s fundamentally disappointing news that Theresa May failed in parliament again (to get her Brexit plan approved). The early reaction on Wednesday is positive and is in keeping with the support at the 61.8% Fibonacci retracement level and the basic trendline. Momentum support is also improving and is pointing up. Unless all three of the above reverse in today’s session, the opportunity remains a valid one to seize.

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: 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: 07 March 2019

Overnight the U.S. reported higher trade deficit sending the stock market in the red. Despite President Trump's protectionist trade moves...


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 0.44% and reached $3965.91337779. 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 -3.57% and is now at $135.056334457. 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%
2FXTMFXTM89%
3HYCMHYCM88%
4FxProFxPro86%
5FIBO GroupFIBO Group85%
6OctaFXOctaFX84%
7HotForexHotForex81%
8FXCMFXCM78%
9AlpariAlpari76%
10XMXM74%
  


Share: