Markets in Details: 19 November 2018

19 November, 2018


  • The EU is working on legislation to allow screening of foreign direct investments as a measure to address security concerns related to investments by China. The draft legislation could be agreed on Nov. 20.
  • Trade tensions between U.S. and China strengthened over the weekend when VP Mike Pence stated the U.S. was not in a hurry to end the trade war and called on other nations to prevent taking loans from China.

The focus of attention

  • Markets are closely watching to see if geopolitical uncertainties and global growth concerns could be enough to prompt the Fed to pause its tightening.

Expected events

  • 10.00 GMT EU will release Eurozone construction output for September.

Technical Analysis

  • GBP USD is expected to continue to worsen given retracement of 100% after reaching 1.2876 from the prior peak.
  • EUR AUD looks set to weaken further as the uptrend to 1.5643 totally failed on Friday.
  • AUD USD is expected to be able to maintain the current trend up. The pair reached intraday high at 0.7334 and then retraced slightly before reaching 0.7335.
  • USD JPY has started to trend down after a long consolidation on the hourly view. Watch the consolidation at the 112.80 level for directional signs.
  • EUR USD upward trend is likely to see continuation after reaching intraday high at 1.1416 and retracement did not pierce the 50% line and pushed higher instead.

Wall St. bullishness returns20 Nov, 2019  

Chile's $300bn a year economy that has been running at a rate above 3% YoY is now expected to shrink as early as this quarter due to widespread...

Continued China Weakness13 Nov, 2019  

China reported new bank loans dropped to the lowest level in two years as manufacturers held back due to trade uncertainties and signs of weak demand...

Trade progress expectations fuel market strength6 Nov, 2019  

US major indices close at record-breaking highs on reports of progress in talks with China and increasing confidence in economic growth...

Markets in Details: 23 September 201923 Sep, 2019  

The market sentiment is taking a hit on Monday after U.S. President Trump called China a threat to the world and dismissed the possibility...

Markets in Details: 18 September 201918 Sep, 2019  

Oil prices dropped after an update by the Saudi government that normal crude production levels could be regained within two or three weeks...

Markets in Details: 02 September 20192 Sep, 2019  

The amount of worry concerning global economic growth appears to be increasing at the start of the week. The drop in China's PMI on...

Markets in Details: 22 August 201922 Aug, 2019  

Recession fears are creeping back in on Thursday. After a mixed session for major equity indices in Asia and Europe, U.S. markets opened...

Markets in Details: 21 August 201921 Aug, 2019  

Strong earnings reports from retailers like Lowe’s and Target are pushing markets higher in the U.S., reversing the 170-plus point loss on Tuesday...

Markets in Details: 20 August 201920 Aug, 2019  

Investor sentiment reversed after a number of negative headlines hit the wires on Tuesday. U.S. Secretary of State Mike Pompeo said...