News

According to analysts at National Bank Financial, in the US, the week will provide important information about the housing market in February with the release of housing starts and new homes sales. Key Quotes “We expect both indicators to advance on account of lower mortgage rates and rising mortgage applications. In other news, the most recent
Dow Jones, FTSE 100 and DAX 30 Fundamental Forecast: Dow Jones Fundamental Forecast: Neutral The Dow Jones should enjoy a tailwind from a dovish Federal Reserve, despite Friday’s selloff. That said, the Industrial Average will have to face Thursday’s release of US GDP. With recent forecast cuts, the outlook for first quarter GDP is grim.
Sterling (GBP) Talking Points: Brexit Brexit delayed until April 12 at least, but will anything change? Sterling continues to absorb the blows, but for how long? UK data this week has been positive. The DailyFX Q1 GBP Forecasts are available to download including our short- and medium-term look at Sterling. Fundamental Forecast for GBP: Neutral
NEWS | Mar 22, 22:20 GMT By Flavio Tosti AUD/USD daily chart AUD/USD is trading in a bear trend below its main simple moving averages (SMAs).  AUD/USD 4-hour chart AUD/USD is trading between the 50 and 100 SMAs suggesting a consolidation phase in the medium-term. A bear break below 0.7075 can lead to the 0.7050
Special counsel Robert Mueller has concluded his investigation into whether the Trump campaign colluded with Russia during the 2016 election – So we are bound to hear more on this over this weekend and into next week.  The Justice Department official said on Friday that the special counsel had submitted a report of his findings to
Report submitted to the Attorney General US Attorney General William Barr informed Congressional leaders that he’s received the conclusions of Mueller’s Russia investigation today. It’s not clear if it’s the full report or a “confidential report explaining the prosecution and declination decisions” he has reached. In any case, Barr told congress he may be able
Sacha Tihanyi, Deputy Head of Emerging Markets Strategy at TDS, explains that the Mexican peso has been a top performer supported by carry and a compression in volatility across Emerging Markert, and warns positioning now appears to be skewed long MXN at record levels, which leaves the peso open to a squeeze from not only
   •  The pair extended overnight retracement slide from three-week tops and remained under some selling pressure for the second consecutive session on Friday.    •  However, bulls now seemed to show some resilience below 200-hour SMA, albeit negative technical indicators on hourly/daily charts point to further downside.    •  A sustained weakness below the
Rabobank analysts point out that as per expectations, the Bank of England MPC kept rates unchanged at 0.75% and the vote was unanimous. Key Quotes “The forward guidance was left untouched as well. The MPC still judges that a tightening of monetary policy at a gradual pace and to a limited extent would be appropriate,