September 2008 – BRIAN TWOMEY ON TRADING

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Forex Outlooks

Bundesbank Weidmann: Economic outlook is good and no need to change monetary policy May 27, 2019

Bundesbank President Jens Weidmann reiterated over the weekend that there was no need for change in ECB policy. He noted despite recent uncertainties, “the economic outlook is good”. And, “we are assuming a rise in price pressures and that’s the condition for monetary policy to normalize.” Also, “this isn’t a situation where prices are falling […] The post B […]

EUR/CHF recovers as populist attack on EU fails in elections May 27, 2019

Euro firms up notably against Swiss Franc in Asian session today. Official projections of European elections showed that efforts from anti parties are failing in the elections. And after the elections, policies of EU will remain largely unchanged. That is, within the bloc, there will be further gradual integration, in particular in Eurozone. Externally, EU [ […]

Asia FX Handover: Record Turnout For European Elections May 27, 2019

It’s been a quiet start to the week (unlike the prior two weeks) whilst traders wait for cues surrounding trade and Trump’s visit to Japan. GBP and AUD are currently the strongest majors, JPY and CHF are the weakest. The European elections set a record turnout ever at 50.1%. Nigel Farage has won a seat […] The post Asia FX Handover: Record Turnout For Europe […]

GBP/USD And USD/CAD Signaling More Upsides May 27, 2019

GBP/USD is slowly recovering and it is currently trading above 1.2680. USD/CAD is likely to resume its upward move above the 1.3550 and 1.3580 resistance levels. Important Takeaways for GBP/USD and USD/CAD The British Pound declined close to the 1.2600 area and recently started an upside correction. There is a major ascending channel forming with […] The pos […]

Market Morning Briefing: Aussie Has Risen Above 0.69 May 27, 2019

STOCKS The uncertainty over further developments on the US-China trade talks continues to weigh on the global equities and keeps them mixed. However, the broader view remains negative as the key resistances on major indices like the Dow, DAX, Nikkei are still holding well. Probably, we might expect a sideways consolidation before a fresh leg […] The post Mar […]

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Month: September 2008

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