Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
pcm brokers pcm brokers
Page 80 of 80 FirstFirst ... 3070787980
Results 791 to 792 of 792
  1. #791
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,830
    Post Thanks / Like
    Credits
    26,041
    My Language
    English

    Market Review - Fundamental Perspective - 17 May 2018

    · Risk assets performed well yesterday, USD closed the day lower
    · GBP gained on positive Brexit headlines yesterday
    · Uncertainties in Italy put pressure on Italian assets and the EUR

    US equities performed well yesterday, despite North Korea’s threats to cancel the Kim-Trump meeting. Attention was also on US 10y Treasury yields which continued to rise up to 3.09%; this was however not enough to support the USD and the USD Bloomberg Spot Index closed lower
    GBP gained against its G10 peers on headlines (Telegraph) that the UK would be willing to stay in the customs union after Brexit. However, Reuters headlines this morning cite a Government source dismissing yesterday’s claims on the customs union; further clarity needs to be awaited
    Our traders currently see GBPUSD support at 1.3450 and resistance at 1.3570 ahead of 1.3625. EURGBP support comes in at 0.8690-0.8715, while resistance lies at 0.8790
    Italian sovereign bonds, equities and periphery CDS fell on reports (Huffington Post) that Lega and 5SM propose a write-off of sovereign debt held by the ECB if they manage to form a government
    EURUSD came under pressure as well, falling to new YTD lows of 1.1764, but retracing some of the losses afterwards when Lega economic advisor Claudio Borghi denied such a proposal. 5SM reportedly announced that further details will be provided this weekend
    Elsewhere, Brazil’s BCB kept the policy rate unchanged in contrast to Barclays Research’s and market expectations. The surprise signals that they are relatively comfortable with inflation and activity dynamics and more concerned on the external front, given recent BRL underperformance

  2. #792
    Moderator
    Join Date
    Jun 2013
    Location
    U.A.E
    Posts
    3,830
    Post Thanks / Like
    Credits
    26,041
    My Language
    English

    Market Review - Fundamental Perspective - 18 May 2018

    • US-China trade tensions returned as a driver for equity markets
    • GBP retraced initial gains on further Brexit headlines yesterday
    • Brent topped $80/ b, Barclays Research revised forecast higher

    Asian equities rose slightly overnight on reports that China was to offer an annual $200bn trade deficit reduction package to the US, however conflicting headlines have been released this morning (Reuters). In FX, the USD Bloomberg Spot Index continued to rally as US 10y Treasury yields rose to 3.128%, the highest level in 7 years.
    CAD and MXN underperformed after US Trade Representative Lighthizer claimed that NAFTA negotiators are “nowhere near close to a deal”
    GBP’s initial rally on headlines (Telegraph) that the UK would be willing to stay in the customs union after Brexit was reversed yesterday when the Cabinet denied the news. While there continue to be reports around the customs union today, near-term focus is on the Irish border debate.
    Our traders currently see GBPUSD support at 1.3450 and resistance at 1.3625. EURGBP is supported in the 0.8690-0.8715 area while resistance comes in at 0.8780.
    Brent topped $80/b for the first time since November 2014 amid tensions in the Middle East and news from the International Energy Agency that global stock is decreasing.
    Given Venezuela’s production decline and Trump’s Iran sanctions, Barclays Research revised their Brent price forecast higher to $70/ b for 2018, and $65/ b for 2019.
    EURUSD traded in a relatively tight range yesterday as Italian election driven volatility tapered off. This was driven by amendments in the proposed government program of the Lega and 5SM that removed the Euro exit and the cancelation of Italy’s debt from the policy draft.

  3. ARIONFORXtarder
 

 
Page 80 of 80 FirstFirst ... 3070787980

Similar Threads

  1. Fundamental View
    By Samirofi in forum How Prices Moved After News Came Out
    Replies: 283
    Last Post: 01-28-2016, 10:57 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.4
Copyright © 2018 vBulletin Solutions, Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 06:43 AM.
CompleteVB skins shared by PreSofts.Com