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The much-anticipated delayed Commons vote is about 24 hours away now. Ahead of the vote, UK Prime Minister Theresa May has made a last-ditch attempt to persuade MPs to save her version of Brexit with...
As a vote on the EU Withdrawal Agreement nears, Prime Minister May’s proposal looks likely to lose. Despite her efforts to wring concessions from Brussels, Members of Parliament are...
The next 48 hours could well be the most tumultuous in PM May’s tenure - which is saying something when you consider how rocky the road has been since she moved into number 10.The PM has been...
The euro dipped below the key 100-DMA late last week and trades unbiased on Monday, seeking a direction amid a lack of fresh catalysts. The bulls are now defending the 1.1450 level that is being...
First, a review of last week’s events:- EUR/USD. On Wednesday, January 9, after repeated attempts, the pair managed to break through the upper limit of the mid-term side channel in which it was...
Daily FX Market Roundup Jan 11, 2019By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. By Saturday, the U.S. government will be in the midst of its longest shutdown ever and...
Next week’s major market risk event is most likely to be the UK parliament’s so-called 'meaningful vote' on the withdrawal agreement Prime Minister Theresa May negotiated with the European...
While the European indices started to flatten out, the pound rose after some Brexit speculation. Climbing 0.3% against the euro and 0.7% against the dollar, sending cable above $1.283 for the first...
Thursday January 10: Five things the markets are talking aboutGlobal equities took a time-out overnight, ending a four-day rally as investor optimism over a possible easing in Sino-U.S trade tensions...
Market OverviewThe dollar is beginning to come under increasing corrective pressure. Jerome Powell seemed to fire the gun on the move with dovish comments last Friday but he is being backed up by a...
After the flash crash that look place a week ago, AUD/USD has been on the rise due to a combination of two major drivers. First, the Aussie is benefiting from improved risk sentiment amid some...
The first major central bank announcement of the year is upon us. The Bank of Canada is going to make a decision on whether to follow the US Federal Reserve and hike interest rates by 25 basis points...
Wednesday January 9: Five things the markets are talking aboutGlobal equities are well supported for a third consecutive session as the U.S and China have found some common ground on trade. Note: Both...
Market OverviewIn the early weeks of 2019 it is likely that the progress of the trade negotiations between the US and China will be crucial for risks sentiment. Almost everything else is looking...
Technical observation Yesterday, EUR went down but not for long, though I still expect more bearish momentum towards the support level marked at 1.1214, price can still penetrate above the resistance...