News

Said to be an accident perhaps caused by restoration work Notre Dame Cathedral in Paris is on fire.  The images are showing large plumes of smoke and flames around scaffolding on the roof.  PM Macron has canceled a schedule speaking engagement. Pres. Trump has tweeted “So horrible to watch the massive fire at Notre Dame
USD/JPY has pulled back to 111.95, having tested Friday’s high of 112.10 earlier today. The bearish divergence of the hourly chart relative strength index (RSI) indicates scope for a further drop toward the former resistance-turned-support of 111.82 (April 5 high). Acceptance below that level would invalidate the bullish higher high and higher low pattern confirmed
The Telegraph is reporting that Sir Keir Starmer is an “ideologue” who is “obstructing” Brexit negotiations between the Conservatives and Labour with his demands for a second referendum, Tories involved in the negotiations have claimed. Ministers have found John McDonnell, the shadow Chancellor, and Rebecca Long-Bailey, the shadow business secretary, are far more open to compromise
Pair post second weekly slide in-a-row on the back of a weaker US Dollar and higher crude oil prices.  Mexican peso among top performers.  The USD/MXN pair resumed the decline on Friday and dropped to test March lows below 18.75. The improvement in risk sentiment favored the rally in Emerging market currencies that extended weekly
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JPM got the financials off to a good start today JPMorgan Chase got financial earnings off to a good start today, easily beating expectations when they announced this morning. Their stock is up $5 or 4.7% at 111.255%.  Does their momentum translate for the other financials next week? We will see as a number of