Markets in Details: 13 March 2019

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 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: 08 October 2019

The gloom of uncertainty in financial markets is getting worse this week. This morning the latest Brexit news caused the pound to slide...

Markets in Details: 02 October 2019

Trade outlook for the global economy is constantly affected by weakening exports and declining sentiment mainly caused by a discord...

Markets in Details: 26 September 2019

While major indices in the U.S. are in the black on Wednesday, the broad market is under pressure due to the impeachment news that speaker...

Markets in Details: 24 September 2019

UK officially entered a political crisis after its Supreme Court handed a legal defeat to Boris Johnson's government by ruling that the suspension...

Markets in Details: 20 September 2019

After both the ECB President and EU President said the likelihood of a hard Brexit is increasing, the OECD has released its assessment that estimates...

Fed expected to announce a rate cut

Due to economic slowdown in the U.S. and elsewhere around the world like China and Europe, the Federal Reserve Bank is widely expected...

Markets in Details: 16 September 2019

Safe haven assets jumped on Monday after 5% of the global oil supply was disrupted until further notice due to an attack on Saudi Arabia...

Markets in Details: 13 September 2019

After the ECB cut rates and launched a fresh stimulus program overnight, financial markets are headed higher and are likely to close Friday...

Markets in Details: 11 September 2019

U.S. markets are marginally higher despite a convincing close in Asia (except for China; the Shanghai closed lower) and a strong showing in Europe...


Share it on:   or