Calendar Events & Trade-War Concerns Highlighted After Deferred Voting At The UK Parliament

Tue, 11 Dec 2018 14:37

When everybody on the floor was waiting for Tuesday's British House of Commons' vote on Brexit plan, wildcard announcement from Mrs. May that scheduled voting is canceled for the time being in order to avail greater concessions from the EU triggered risk-off across the board. Adding to this, early-day disappointments...


Technical Talk: 11.12.2018

Tue, 11 Dec 2018 13:49

Pair

Trend

Support 1

Support 2

Resistance 1

Resistance 2

USDJPY

UP

113.00

112.50

113.60

114.00

AUDUSD

DOWN

0.7180

0.7160

0.7230

0.7280

CADCHF

UP

0.7370

0.7300

0.7400

0.7435


Not only its bounce off the 100-day SMA but a successful D1 close beyond 50-day SMA also favors the USDJPY's recovery to...


Chart Of The Day: Medium-Term Ascending Trend-Line Confines CADCHF Downturn

Tue, 11 Dec 2018 11:35

With an upward slanting trend-line stretched since March-2018 aptly restricting the CADCHF downturn, the pair is expected to witness pullback moves towards 0.7400 round-figure and then to the 0.7435 nearby resistance. Given the quote maintains its strength past-0.7435, the 0.7470 and the 0.7520 can please the buyers ahead of challenging...


Brexit Vote Along With ECB & US CPI To Offer An Interesting Week

Mon, 10 Dec 2018 18:24

With the U.S. employment stats lagging behind consensus & FOMC members remain unclear on Fed's future path, the US Dollar Index (I.USDX) had to flash a negative weekly closing for the first time in previous three-weeks. Not only uncertainty concerning Fed's rate-hikes but pessimism surrounding Brexit, Sino-US trade-deal and sluggish...


After Sluggish Details From China & Japan, UK Stats & Global Politics Grab Market Attention

Mon, 10 Dec 2018 14:32

While absence of hawkish statements from FOMC members and doubts over Sino-US trade-pact were challenging sentiments in support of Fed's future rate-hikes, Friday's sluggish employment numbers provided additional reason to the greenback doves and fetched the US Dollar Index (I.USDX) towards a negative weekly closing. With the US Dollar bearing...