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Axel Rudolph, analyst at Commerzbank, notes that GBP/USD has shot up to the 1.3500 region, rising by around 2.5%, post the UK election result which gives the Conservatives a comfortable majority. Key Quotes “Above today’s high at 1.3515 sits the December 2017 high at 1.3550 and still further up the September 2017 peak at 1.3658
For ECB watchers and financial market participants, learning how to read Christine Lagarde will take some time, according to analysts at ING. Key quotes “As regards the short-term outlook for monetary policy, further easing seems to be off the table, at least with the current macro projections, and wait-and-see looks the way forward.” “Today, at
The weekly initial jobless claims Initial jobless claims 252K versus 21K estimate 4 week moving average 224K versus 217.75K Continuing claims 1.667M  versus 1678K estimate. Prior month revised higher to 1698K from 1693K 4 week moving average 1676K versus 1682.25K Athough a shock, seasonality’s are likely in play. It will take a few weeks to work its way out and
EUR/USD Technical Analysis, Euro, US Dollar, ECB, FOMC – TALKING POINTS EUR/USD advanced after the FOMC outlook surprised dovish Euro could extend gains vs US Dollar if ECB cools easing bets What will the newly-appointed Christine Lagarde have to say? Learn how to use politicalrisk analysis in your trading strategy! EUR/USD may extend some of
Mixed mood observed among Asian equities Japanese investors took heart in the Fed keeping rates on hold yesterday with Fed chair Powell reiterating a message of not hiking rates until inflation is seen rising significantly. However, there is a bit of a mixed tone in Asia with the Hang Seng surging ahead with gains of
WTI witnesses mild recovery inside the four-day-old symmetrical triangle. 61.8% of Fibonacci retracement will be on sellers’ radar after 200-HMA. An upside clearance of the triangle needs validation from $60.00. WTI remains mildly bid around $58.90 amid Thursday’s Asian session. The energy benchmark has been trading sideways since late in the last week while staying
US November CPI +2.1% y/y vs +2.0% expected Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT US consumer price index for November 2019: Prior was 1.8% y/y Ex food and energy 2.3% vs 2.3% expected Prior ex food and energy 2.3% Month-over-month data: +0.3% m/m vs +0.2% m/m expected
UK General Election Analysis & Talking Points UK Election: Proxy for a Second EU Referendum Conservatives Maintain Commanding Lead UK General Election Constituency Cheat Sheet UK ELECTION: PROXY FOR A SECOND REFERENDUM On December 12th, the UK will go back to the polls in order to break the current gridlock in parliament. The general election
CRUDE OIL & GOLD TALKING POINTS: Crude oil prices up, gold down on upbeat US jobs report Retracements likely as FOMC, UK election loom ahead Chart positioning may set the stage for larger reversals Crude oil prices rose as upbeat US jobs data buoyed global growth bets, stoking energy demand expectations. A 266k rise in