The market seeks solace With The UK’s Supreme Court Decision. Oil reports in The Pipelines
By Content-mgr - on September 24, 2019
The Market seeks solace with the UK’s Supreme Court Decision. Oil reports in the pipelines. With traders edgy on Brexit. It is plausible
that the UK’s Supreme Court decision is sort after for solace. In the
likelihood that the court Courts decided to rule against PM Boris Johnson in
his prorogation of parliament. Some confidence could be restored to UK
investors. Evidently the GBP was observed hawkish. Meanwhile, others look for
some clarity from the oil report due later today.
Global Stocks: Are once again fronting albeit with mixed
undertone as fundamental analysis from data in those regions weighs differently
on the contracts as could be deduced herein.
- WALLSTREET: After Monday’s dip Wall Street expected to recover from the previous lows. How high it rallies today may depend of some earning reports from the like of AutoZone Inc. Nike Inc. General Mills Inc. and some 31 or so other companies reporting. The outcome of a list of market events suggests the USD maybe challenged today.
- THE EU MARKET: Was swinging sideways. However, downside pull looms.
- ASIAN MARKET: Stocks were overly bullish in the Asian market following comments from the BOJ Bank of Japan. The Australian market was view a tad capricious.
- USD/JPY: Was caught on shaky grounds the USD is expected to succumb to the JPY as Mr, Haruhiko Kuroda Governor of the BOJ delivers his statement with some forward guidance. Trading is seen confined to the previous close at 107.54 perhaps to range between 107.24 – 107.80
- EUR/USD: Capricious in its outlook. However, from the day’s open of 1.0991 uptrends are expected with a possible trading range between 1.0984 – 1.1015. our technical analysts suggest breakouts to 1.10260 maybe plausible.
- GBP/USD: Driven in vicariously by the Brexit travailing’s The GBP was caught uptrends against the USD. With remorse that The UK supreme court may rule against Boris Johnson earlier order to shut down parliament. Closing the previous session at 1.2429 the expected range was noted between highs of 1.2503 lows of 1.2415. However, should the current resistance be breached highs at 1.25100 may be recorded.
- · AUD/USD: The Commodity heavy AUD gained flight flowing RBA’s Governor Lowe’s speech and perhaps the recent climb in Gold and silver prices. Ranging between 0.6765 – 0.6806. Further upside to 0.68128 maybe doable.
https://blog.xtrade.com/trading-week-resumes-in-luke-warm-waters/
https://blog.xtrade.com/same-assets-familiar-catalysts-market-jingles/
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by Mayma Anip Sarip at 2019-09-24 17:36:11
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by Kongkaphan.Akaphin at 2019-09-24 17:51:22
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by Billy Moro at 2019-09-24 21:12:41
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by [email protected] at 2019-09-25 07:52:46
Hi Billy, Thank you for your question. The platform was designed so that you may be able to open a trading account in a few minutes. You may decide which method to fund your account, either via a Bank transfer, Visa, etc. Depending on what convenient for you. You may add money to your trading account and begin trading. Please make sure you update your profile and send in all the documents needed so that when you want to withdraw the process is faster. The trading accounts us segregated from your bank account. Kindly find more details herein. https://www.xtrade.com.au/support/faqs/#tab-faqs_opening_an_account How this was helpful BTW you training account was credited with some funds for you to become familiar with the platform. For further assistance kindly contact our support team. [email protected] Best regards.
by [email protected] at 2019-09-25 14:22:21
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by [email protected] at 2019-09-25 14:36:18