Markets in Details: 25 February 2019

25 February, 2019

News

  • President Trump announced that the deadline for tariff increase on $200bn of China imports will be extended as he has been pleased with the progress made in the trade talks so far.

In the Spot Light

  • This week, markets are likely to focus on the delayed Q4 GDP release from the U.S. where a 2.4% growth is expected. In the UK, PM Theresa May postponed the parliament voting of her Brexit deal to just 17 days before the March 29th deadline, dubbed a “reckless move” by the opposition party.

Expected events. All times GMT.

  • 10:00 BOE Governor Mark Carney speaks.

Technical Analysis

  • After breaking down from its trading range last week, GBP/USD swung back up from 1.2973 into the channel and continues to grind higher early on Monday. It found higher support at 1.3050 and looks set to remain above the 1.3000 level for the rest of the session.

Source  
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