Markets in Details: 14 March 2019

14 March, 2019

News

  • 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 of how much traders are negative on uncertainty. Separately, RICS reported that both buyers and sellers continue to hold out on deals sending the property price index to a 7-year low.

The focus of attention

  • There is a third Brexit vote this week, this time to determine the date of extension for the divorce from the EU bloc. Markets were initially positive after the no-deal Brexit proposal was voted down yesterday but the pound lost ground in early Thursday trading.

Expected events. All times in GMT.

  • 00:01 UK will release the RICS House Price Balance
  • 02:00 China will release Industrial Production and Unemployment Rate
  • 07:00 Germany will release its February CPI
  • 07:45 France will release its February CPI
  • 12:30 U.S. will release Initial Jobless Claims
  • 14:00 U.S. will release New Home Sales

Technical Analysis

  • EUR/USD climbed for a fourth straight session on Wednesday allowing it to reach its EMA-30 and pushing momentum to RSI 50 on the daily view. However, the pair has been in a downtrend since February and has to overcome resistance at 1.1483 to start turning things around. Expect the recent trend to reverse itself in the near-term unless it is able to overcome resistance to prove a valid reversal.

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