September 2008 – BRIAN TWOMEY ON TRADING

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Forex Outlooks

GBP/USD Daily Outlook March 22, 2019

Daily Pivots: (S1) 1.2999; (P) 1.3114; (R1) 1.3223; More…. GBP/USD spiked lower to 1.3003 but quickly recovered ahead of 1.2960 support. Intraday bias remains neutral first. With 1.2960 intact, rise from 1.2391 is still in favor to extend. On the upside, firm break of 1.3381 will target 61.8% retracement of 1.4376 to 1.2391 at 1.3618 […] The post GBP/USD Dai […]

Sterling Paring Losses as Brexit Cliff Edge Delayed for Two Weeks March 22, 2019

After some roller coaster rides, Sterling is trading broadly higher for today after EU approved a short Brexit extension for UK. But overall, the Pound remains the weakest one for the week. Delaying the “cliff edge” by two weeks is just giving the economy a breather. The problem is not solved and uncertainties remain. Nevertheless, […] The post Sterling Pari […]

Cliff-Edge Brexit Postponed March 22, 2019

Market movers today After the EU27’s decision to grant a very short unconditional extension of Brexit (see more below), we will follow closely the response from leading UK politicians today and over the weekend ahead of next week’s decisions in the House of Commons. In the US, we get Markit PMIs (preliminary) for March, which […] The post Cliff-Edge Brexit P […]

Euro-Zone’s Consumer Confidence Index Improved In March March 22, 2019

For the 24 hours to 23:00 GMT, the EUR declined 0.45% against the USD and closed at 1.1375. Data indicated that the Euro-zone’s flash consumer confidence index rose to a level of -7.2 in March, compared to a reading of -7.4 in the prior month. Market participants had envisaged the index to climb to a […] The post Euro-Zone’s Consumer Confidence Index Improve […]

Japan PMI manufacturing unchanged at 48.9, sustained downturn March 22, 2019

Japan PMI manufacturing was unchanged at 48.9 in March, missed expectation of 48.9. Markit noted there are “further production cutbacks amid weaker new order inflows”. Also, “business confidence remains below long-run average”. Commenting on the Japanese Manufacturing PMI survey data, Joe Hayes, Economist at IHS Markit, which compiles the survey, said: “Furt […]

Month: September 2008

TRADING CATEGORIES

September 2008
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