Forex News

Brexit Cabinet Meeting in Focus, German Economy Shrinks, and US CPI Eyed

Another day, another article on the pound that I am forced to write on as volatility continues to remain high as market participants react to incoming Brexit-related headlines ahead of UK Prime Theresa May’s key cabinet meeting later today. Meanwhile, today’s European data have been far from great, while Italy’s ongoing stand-off with the EU …

EU stocks relinquish gains as May’s Brexit cabinet meeting nears conclusion

European stock indices, including the UK’s FTS 100, came sharply off their earlier highs ahead of the outcome of UK Prime Theresa May’s key cabinet meeting, likely to be after 17:00 GMT. Doubts have risen whether she will be able to win her colleagues’ support for the draft Brexit agreement as some Brexiteers fear it …

Brexit Update: Up, Down, Up, Down, Down…Up…

As anticipated Monday, we’ve already spilled plenty of digital ink on this week’s Brexit developments (see here, here, and here for examples), but the hits just keep coming! The following is a brief (approximate) timeline of the headlines out of today’s rollercoaster of a cabinet meeting at 10 Downing Street [market comments in brackets]: 14:10 …

BREXIT: Disaster for PM May as Raab among several ministers to quit

The handling of the whole Brexit process by the UK government has frankly been a total disaster, to put it nicely. Today saw several more ministers resign, this time over the Draft Withdrawal Agreement from the EU which was secured last night. With the pressure growing on Theresa May’s position as UK prime minister, sterling …

Trade War Fears May Weaken Nikkei 225, USD/JPY Eyes 2016 Support

Asia Pacific Market Open – Trade War Fears, Euro, Italian Budget, USD/JPY, Nikkei 225 Anti-risk Japanese Yen gained ground as market remained in a sour mood as anticipated Euro fell on Italy budget concerns, AUD & NZD recover amidst S&P 500 paring losses USD/JPY prices descend under key rising support, eyeing trend line from March …

IMF Downgrades Global Growth Call Citing ’Unsettled’ Trade Picture

IMF World Economic Outlook Talking Points: The IMF cut its global growth forecast Calls for the EU, US and China were all downgraded But Emerging Markets took the biggest hits Fourth-quarter technical and fundamental forecasts from the DailyFX analysts are out now. The International Monetary Fund cut its global growth forecast on Tuesday, citing escalating …

Brazilian Real and IBOVESPA Soar with Bolsonaro, Volatility Ahead

TALKING POINTS – Election, IBOVESPA, Brazilian Real Brazilian Real and IBOVESPA Surge With Bolsonaro’s Polls Second Run-Off Election Round Will be Held on October 28 USD/BRL, IBOVESPA Likely to Experience Higher Volatility Join a free Q&A webinar and have your trading questions answered! The Brazilian Real and IBOVESPA soared as local markets opened Monday after …

AUD, NZD Await Emerging Market Reaction to IMF. Asia Stocks Mixed

Asia PacificMarket Wrap – IMF, Shanghai Composite, US Dollar, USD/HKD, Emerging Markets Asia Pacific stock indexes traded mixed: Shanghai Composite gained while Nikkei 225 fell Markets brushed off IMF cut to global growth, may fall if emerging markets react poorly AUD/USD, NZD/USD make corrective push higher as US Dollar heads cautiously lower Build confidence in …

Crude Oil Prices at Risk as Risk Appetite Continues to Sour

CRUDE OIL & GOLD TALKING POINTS: Crude oil prices may decline as risk aversion sweeps markets Gold prices’ latest drop may not find near term follow-though Crude oil prices marked time Monday as a lull in top-tier event risk allowed space for consolidating recent losses. Gold prices dropped to the bottom of their recent range …

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