Marketers, dig their heels into Q1 Earnings Report. Meanwhile, nervous traders began to reconsider their bets on the GBP. After the EU agreed to an extension for the UK’s departure from the EU to take effect by October 31st the UK will be obliged to take part in the EU parliamentary elections on the 22nd […]
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A Charged Trading Day Ahead, US Jobs and OIl Report On Tap.
A Charged trading day ahead meanwhile deciphering market trends becomes slightly elusive, scheduled reports from the US have either been delayed or totally brushed off partly due to the holiday celebrations which had most markets closed for two days. The US government shut down which drags on into day 7 may add to volatility which […]
China is not ready to turn the other cheek
The US slapped China with $34 billion trade levy, Sending Asian shares down, while boosting the USD, momentarily. Ahead of today NFP report, investors remain apprehensive in search of direction and safe havens. The Chinese Market is now 17% down in the bear market. Although the Chinese kept their cool in hopes that US President […]
The Aftermath of U.S. Rate Decision Part II
The USD has been swing between tepid gains and loss as markets digested the day’s events. Clues from the day’s events have thus far been mixed, U.S. ISM Non-Manufacturing PMI was disappointing keeping the USD corned. GBP was also unable to hold onto recent gains as disappointing Service PMI weighs, a reported 52.8 vs forecasted […]