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OANDA Senior Market Analyst Alfonso Esparza discusses oil prices and the resilience of crude even as US inventories rose last week. [embedded content] This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or
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US stocks are poised to have a lackluster open as stocks inch higher in the pre-market.  Earnings results will pick up tomorrow and with no major economic data releases, markets will focus on any incremental trade update, Brexit progress, and geopolitical risks.  Brexit Time is running out to get a Brexit deal pushed through by
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In view of FX Strategists at UOB Group, extra gains in USD/JPY looks unlikely for the time being. Key Quotes 24-hour view: “We held the view last Friday that “USD could weaken to 108.35, possibly 108.10”. However, USD only dipped to 108.37 before ending the day at 108.42. The weak opening this morning suggests the
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It appears that since Pro-rogue One: A Star Wars Story maybe, the loss of trust between Parliamentary MP’s and the Prime Minister’s office has become an unbreachable chasm. MP Sir Oliver Letwin added an amendment to the Benn Act on Saturday preventing an “accidental” hard Brexit on 31st October if the Withdrawal Agreement Bill (WAB)
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MPs delay deal vote The pound was under pressure from the outset on Monday morning after British MP’s delayed a vote on Boris Johnson’s Brexit deal by introducing an amendment to the Benn Act which would prevent an “accidental” no-deal exit from Europe. As a result PM Johnson is obliged to request a deadline extension
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Daily Markets Broadcast 2019-10-21 Wall Street slides on growth concerns US indices edged lower on Friday as concerns about slowing global growth superseded strong earnings reports. British MPs vote on Boris Johnson’s latest Brexit deal was cancelled as an amendment to the Benn Act was passed, which implies a Brexit extension may be coming. US30USD
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GBP/JPY struggles around multi-month top marked last-week. UK’s special Parliament session on Saturday favored Letwin Amendment, poured cold water on expectations of a meaningful vote on the Brexit bill. UK PM followed the law to request the Brexit extension, EU’s response awaited. With the United Kingdom’s (UK) special Parliament session throwing a wild card to
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Stack of one hundred dollar bills close-up, macro color photography with shallow DOF Getty I see Fred Hickey on Twitter suggesting that stocks in general may have become over-extended and that gold stocks might be an alternative. When I recovered from the shock – the man behind The High Tech Investor newsletter un-enthusiastic about tech
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