There are growing signs that a Brexit deal is very close and come as early as Tuesday. A deal can steal the spotlight from the US Mid-Terms. The GBP/USD is not pricing in such an outcome and could shoot higher. The Sunday Times reported that preparations for a deal are “far more advanced than previously … “Will a Brexit deal steal the thunder from the US elections? GBP/USD levels to watch”
Month: November 2018
Euro Pares Losses Despite ECB Reports, Eurozone Data
The euro is trading higher at the end of the Friday trading session, paring earlier losses that sent the currency lower by as much as 0.3%. The euro took a hit when it was reported the central bank might be considering long-term bank loans, and it is still reeling from the disappointing economic data. According to several reports, the heads of the European Central Bank (ECB) is thinking about another long-term refinancing operation … “Euro Pares Losses Despite ECB Reports, Eurozone Data”
Bitcoin wedge is closing – time for a breakout?
The BTC/USD moved slightly to the downside but remains entrenched in a range. The technical picture is balanced due to the lack of movement. The FX Poll of experts shows a bearish bias at first but things get better with time. The price of Bitcoin remains entrenched in a range. Bears made an attempt to … “Bitcoin wedge is closing – time for a breakout?”
USD/CAD Rallies on Weak Canadian Jobs Data and Upbeat US NFP Report
The USD/CAD currency pair today rallied from fresh weekly lows to new daily highs in the early American session following the release of the latest Canadian jobs data. The pair’s rally was further boosted by the release of the upbeat US non-farm payrolls report, which triggered a massive rally by the greenback against most of its peers. The USD/CAD currency pair today rallied from a low of 1.3044 to a high of 1.3109 following the jobs’ reports from … “USD/CAD Rallies on Weak Canadian Jobs Data and Upbeat US NFP Report”
NFP: Trump will not be happy with the numbers if stocks fall
The US employment report beat expectations on jobs and participation. President Trump can celebrate the low unemployment rate again. However, further Fed hikes may push stocks lower. The US Non-Farm Payrolls report for November beat expectations with a gain of 250,000 positions, well above averages of under 200,000 and early expectations. Net revisions were flat. Another piece … “NFP: Trump will not be happy with the numbers if stocks fall”
Japanese Yen Rallies on Industrial Strength, Rebounding Exports
The Japanese yen is strengthening against its US counterpart on Thursday after new data found that domestic industrial output is at a four-month high and exports have returned to normal growth. The yenâs gains were likely capped on slower retail sales growth. According to the Markit/Nikkei Japan Manufacturing Purchasing Managersâ Index (PMI), activity expanded at the fastest pace since June, reaching to a seasonally adjusted 52.9 in October, up from … “Japanese Yen Rallies on Industrial Strength, Rebounding Exports”
Pound Rallies to New Highs on Brexit Rumors and BoE Rate Decision
The British pound today rallied to new highs against the US dollar following Brexit rumors that the British PM Theresa May had signed a deal with the EU on the financial services sector. The pound was further boosted by the Bank of England‘s monetary policy decision, which helped it rally against the greenback despite mixed … “Pound Rallies to New Highs on Brexit Rumors and BoE Rate Decision”
Why Crypto Brains are Betting on a November Rally
It’s November and the predicted “bull-run” for Bitcoin is imminent. There are a lot of excellent reasons to expect the prediction could be correct, but we shouldn’t all jump in before the indicators are right. If you’ve not joined the crypto space yet, perhaps now is the time. Experts and amateurs alike can make predictions … “Why Crypto Brains are Betting on a November Rally”