EURO CURRENCY VOLATILITY – TALKING POINTS The EU will hold parliamentary elections starting this Thursday through Sunday. According to the Financial Times latest poll, the European People’s Party coupled with the Progressive Alliance of Socialists and Democrats look set to lose their combined majority. If polls are indicative of future results, EUR price weakness may
Apart from maybe something out of NZ at 2100GMT there is nothing else on the economic data calendar to move the forex too much today folks. Stay on alert for tape bombs of course. 2100 GMT New Zealand Finance Minister Grant Robertson gives a pre-budget speech. A couple of days ago Robertson aid it was
According to Steven Swinford, deputy political editor of The Telegraph, British Prime Minister Theresa May’s office was considering to take the Brexit deal off the table. “Hearing suggestions tonight that there may not need to be any more resignations over the WAB (Withdrawal Agreement Bill). No 10 now seriously considering pulling it in view of extraordinary
If a forex 1 minute scalping strategy doesn’t appear to fit your trading style, you always have the option to download our free arrow indicator on the link below. It will help with forex scalping. Grab your free Arrow direction indicator here with steps to install it: http://vlt.me/indicator Forex scalping isn’t a perfect strategy for
SIX, the Swiss national stock exchange group, is working on creating its own “stablecoin” – a cryptocurrency pegged to the Swiss franc – to facilitate transactions on the SIX Digital Exchange (SDX), CoinDesk has learned. A spokesman for SIX confirmed the move in an email, telling CoinDesk: “Yes, we are currently working on a CHF
Federal Reserve officials remained firmly committed to a “patient” policy stance at their meeting earlier this month, saying rates likely will remain unchanged well into the future. Minutes from the May 1-2 Federal Open Market Committee meeting also showed that members raised their expectations for full-year economic growth and said that earlier concerns they had
Just wait a minute or two… A UK government sources now saying there will be no statements from the PM. We all know that the winds of change are swirling. Certainly lots of stuff is going on, and it seems it is not in the favor of the PM. May may be looking to pull
Crude oil is down -2.12% on the day The price of the USDCAD fell on the back of strong retail sales. The price moved from 1.3395 to a low of 1.33535. However, the fall stalled, the price started to retrace higher. The weekly energy inventory did not help as an inventory build much greater than
Chinese President Xi Jinping has embraced the trade war. Not only is his Communist Party firing up the anti-American rhetoric to combat similar rhetoric from the Trump Administration; Xi plans to support companies stuck in the war zone. (AP Photo/Ng Han Guan) ASSOCIATED PRESS China will lend more support to strategic sectors of the economy
The EIA (Energy Information Administration) Crude Oil Stocks Change to May 17 showed a huge 4.74 M build vs. -0.599M forecast by analysts, sending the black gold sharply down. Crude oil is nearing $61.00 a barrel at the time of writing. Oil daily chart On the daily chart, WTI (West Texas Intermediate) is trading in
Steven Mnuchin, Treasury secretary, arrives at a hotel in Beijing, China, on Thursday, March 28, 2019. Gilles Sabrie | Bloomberg | Getty Images Treasury Secretary Steven Mnuchin said Wednesday that he’s spoken with a top Walmart executive about how retail giant can best position itself and keep prices low amid the growing trade dispute between
Oil prices quickly returned back to session lows and the loonie gave back all of its earlier gains that stemmed from a strong retail report following the surprising build with crude inventories. U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week ending May 17, 2019, which was 98,000 barrels per day
USD Quiet Ahead of FOMC The US dollar has been a little weaker over the European session on Wednesday as a lack of key data drivers has turned attention elsewhere. Looking ahead today though, we have the release of the FOMC minutes. These could prove to be market moving if they offer any further clue as to
British Pound (GBP) GBPUSD hitting fresh Five-month low. UK PM May could be ousted later if rumors are true. One Minister is reported to have said, ‘it’s over…she’s done’. Q2 2019 GBP and USD Forecasts andTop Trading Opportunities *** Market Alert – Full Story to Follow *** GBPUSD Slumps to a 2019 Low Politics can
Estamos ante un día agitado para el euro, con varios datos claves a publicarse durante el día. Los más importantes se relacionan con la economía más grande de la eurozona. Tuvimos una sorpresa positiva con algunos de los datos alemanes recientemente, entonces mañana veremos si se mantiene la situación. Ahora que el mercado ha visto
MARKET DEVELOPMENT –USDCAD Breakout, GBPUSD Selling Persists, EURGBP on Record Win Streak DailyFX Q2 2019 FX Trading Forecasts GBP: The outlook for the Pound remains soft, a break below 1.2670 sees GBPUSD at the lowest level since the beginning of January. With little end in sight regarding the political uncertainty at Downing Street, GBPUSD looks
Retail sales for March Canada retail sales came in at 1.1% versus 1.2% estimate Ex auto better at 1.7% vs 0.9% estimate The prior month headline number revised higher from 0.8% to 1.0% The prior month ex auto also revised higher from 0.6% to 0.7% sales rose and 7 of 11 sectors representing 39% of
NZD/USD is struggling to stage a meaningful recovery. US Dollar Index stays calm near 98 on Wednesday. FOMC is scheduled to publish its May meeting minutes later in the day. After erasing 30 pips on Tuesday, the NZD/USD pair continued to push lower and touched its lowest level since late October at 0.6493 before retracing
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