Markets in Details: 21 March 2019

21 March, 2019

News

  • 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’s second largest economy. Market observers had earlier expected tariffs to be rolled back once a trade deal was reached.

The focus of attention

  • The markets will focus on the EURUSD after the U.S. Federal Reserve held the interest rate unchanged, removed any expectations for rate hikes this year and warned of risks to global growth. The Fed’s move not to have rate increases in 2019 also raises fear that the current economic cycle is close to its end, which caused Treasuries rally.

Expected events. All times GMT.

  • 0930 UK will release the February Retail Sales.
  • 1200 UK will release the BOE’s Interest Rate Decision.
  • 1230 U.S. will release the Philly Fed Manufacturing Index and Initial Jobless Claims.

Technical Analysis

  • EUR/USD jumped on Wednesday evening after the U.S. Federal Reserve bank removed any expectations for rate and warned of risks to global growth in 2019, thus weakening the dollar. The move broke the prevailing trend line of the asset and we could expect a continuation during Thursday session.

Source link  
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: 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...


In the past 24 hours Bitcoin has lost -1.21% and reached $5500.31668833. 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 -0.68% and is now at $165.534432671. 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
1easyMarketseasyMarkets93%
2FXTMFXTM90%
3HYCMHYCM89%
4FxProFxPro87%
5FIBO GroupFIBO Group85%
6OctaFXOctaFX83%
7HotForexHotForex82%
8FXCMFXCM79%
9AlpariAlpari78%
10XMXM73%
  


Share: