Markit’s Services PMI will provide a snapshot of how businesses are feeling about Brexit. Data usually has a short-lived effect when Brexit is left, right, and center. GBP/USD may drop if the data disappoint. Markit releases its Purchasing Managers’ Indicator for the Services sector on Wednesday, April 3rd, at 8:30 GMT. The sector is the … “GBP/USD could struggle on non-Brexit news for a change – Services PMI”
Category: Opinions
Will Parliament vote for the Norwegian Model? GBP/USD has room to the upside
The UK Parliament will hold a second round of Indicative Votes 2.0. A soft version of Brexit can win after Labour threw its support behind it. GBP/USD can rally, even if this is a non-binding vote. Parliament may finally say yes and Speaker John Bercow may finally announce “the Ayes have it.” The second series … “Will Parliament vote for the Norwegian Model? GBP/USD has room to the upside”
ISM Manufacturing PMI could reflect fear, but might help the USD
The ISM Manufacturing PMI is expected to edge up in March. The data is forward-looking for the industry and a hint towards the NFP. The US Dollar may gain a disappointment and fall on an upbeat number. The ISM Manufacturing Purchasing Managers’ Index for March is published on Monday, April 1st, at 14:00. The indicator … “ISM Manufacturing PMI could reflect fear, but might help the USD”
US retail sales: USD could fall on a good number
US Retail Sales are expected to rise by moderate levels in February. Previous reports have been quite confusing, and this may serve as a return to reality. The USD may fall without a significant surprise. The US releases its Retail Sales report for February on Monday, April 1st, at 12:30 GMT. The publication has been … “US retail sales: USD could fall on a good number”
GBP/USD: Another week of Brexit suffering? Or darkest before dawn?
GBP/USD struggled as Parliament rejected all options. Additional Brexit frenzy in the House and some data will impact the cable. The technical picture is not bullish anymore. Experts see a short term fall and higher levels afterward. This was the week: No to everything Parliament is yet to say what path it wants with Brexit. Parliament … “GBP/USD: Another week of Brexit suffering? Or darkest before dawn?”
Next for Brexit: Parliament taketh, Parliament can giveth on Monday
For the third time, MPs rejected May’s Brexit deal. Parliament has an opportunity to show the way forward on Monday. GBP/USD has room to recover, but the situation is complicated. The UK House of Commons voted against the Brexit Withdrawal Agreement by a majority of 58: 344 against and 286 for the deal. While smaller than the … “Next for Brexit: Parliament taketh, Parliament can giveth on Monday”
EUR/USD set to move on weaker Core CPI
Euro-zone inflation numbers for March will likely be subdued. German and Spanish figures point to the downside. They may add pressure on the common currency, which is already struggling. The euro-zone publishes its preliminary estimates for inflation numbers for March 2019 on Monday, April 1st, at 9:00. Back in February, the headline Consumer Price Index … “EUR/USD set to move on weaker Core CPI”
5 GBP/USD scenarios for the Brexit indicative votes
The UK Parliament holds indicative votes on Brexit on Wednesday, March 27th. PM May is still trying to get her deal through and makes a critical plea to her party. GBP/USD is set to move quite a bit. The British House of Commons will hold indicative votes on the way forward on Brexit on Wednesday, … “5 GBP/USD scenarios for the Brexit indicative votes”
CB Consumer Confidence: Weak data could eventually help the dollar
CB Consumer Confidence missed with 124.1 points in March. The data point fuels fears of a recession in the US. The US Dollar and the Japanese yen are set to benefit. The Conference Board’s Consumer Confidence measure for March unexpectedly dropped to 124.1 points from 131.4 in February. It contrasts the preliminary figure from the University … “CB Consumer Confidence: Weak data could eventually help the dollar”
Gold levels to watch and why it rises on recession fears
XAU/USD tops $1,320 and hits the highest levels in March. The yield curve inversion and fears of a US recession drive it higher. Gold can look at higher levels, some dating to 2013. The price of Gold in USD (XAU/USD) extended its gains and hit a high of $1,322.48, the highest since February 28th. The … “Gold levels to watch and why it rises on recession fears”