Sellers can’t keep control The EURUSD is trading above and below the unchanged (at 1.1173). The sellers made a push below a swing area at 1.1164-66, but could not sustain the momentum. A move below a lower trend line on the hourly also failed. Sellers covered. The high today – reached in the London morning
Retraces most of declines from yesterday The US stocks are off and away and we are seeing red. The snapshot is showing: The S&P is down -19 points or -0.68% at 2856.50 The Nasdaq is down -64 points or -0.81% at 7833 The Dow is down -160 or -0.62 % at 25704 Those levels are
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It is believed they will confirm that Brexit talks are definitely off The reporting comes from two sources: Business Insider political reporter, Adam Payne and The Sun deputy political editor, Steve Hawkes. It is said that the statement could come within the next hour, so just be on the look out as the headline could
EUR/USD sits in a narrow 13 pips range on the day so far ForexLive Currencies are still mostly in a slumber with little changes across the board as markets continue to find its footing while digesting US-China trade tensions. EUR/USD is mostly steady near unchanged levels as the pair sits around 1.1170-80 so far today.
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A (not surprising) heads up for currency intervention for when GBP goes wild on Brexit date. The Financial Times citing a Bank of America Merrill Lynch piece: UK Treasury built up a foreign-currency war chest to defend the pound in the run-up to the original March deadline for Brexit In the last three months of
Sellers in control, but testing a swing area The EURUSD is trading at new session lows as the trading day moves to a close. The pair has been running lower since stalling the rally near the 100 hour MA (blue line in the chart above). In the early NY session, the price fell below the
Two of Cisco Systems’ top executives told CNBC that additional U.S. tariffs on Chinese imports would not just harm the San Jose, California-based network equipment maker but American industries as a whole. “If it goes to all China imports it’s not only going to impact us, but it’s going to impact every industry,” Cisco CFO
A man walking past a Huawei P20 smartphone advertisement is reflected in a glass door in front of a Huawei logo, at a shopping mall in Shanghai, China December 6, 2018. Aly Song | Reuters Chip stocks have been struggling of late as trade tensions between China and the U.S. increase. The Trump administration’s latest
Pres. Trump speaking Be aware, Pres. Trump is speaking. Don’t know where but when asked about going to war with Iran, he responded “I hope not”. The Pres. once again helped to turn stocks around this week. After falling to just short of 2800 on Monday, the S&P index is trading at 2888 currently, up
Indices move higher with German Dax up 1.7% The major European indices are ending the day higher. It is a good day for investors. The provisional closes are showing: German DAX, +1.7% France’s CAC, +1.3% Britain’s FTSE, +0.8% Spain’s Ibex, +0.6% Italy’s FTSE MIB, +1.3% The benchmark 10 year yields are trading mostly lower, with
Latest data released by Istat – 16 May 2019 Final CPI +1.1% vs +1.1% y/y prelim Final HICP +0.5% vs +0.6% m/m prelim Final HICP +1.1% vs +1.2% y/y prelim ForexLive Slight delay in the release by the source. Preliminary figures can be found here. The final release is more or less in line with
The pound just can’t catch a break this week ForexLive Cross-party talks appear to be all but over, failing to produce any real compromise as now the attention will turn towards May’s withdrawal agreement bill once again. She will bring that to a vote in parliament on the first week of June and guess what?
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