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  • EUR/USD Could Extend Losses Before Fresh Increase March 25, 2019
    Key Highlights The Euro faced a strong resistance near 1.1450 and later corrected lower against the US Dollar. EUR/USD traded below a major bullish trend line with support at 1.1365 on the 4-hours chart. The US Manufacturing PMI for March 2019 (Prelim) declined from 53.0 to 52.5. The German IFO Business Climate Index for March […]
  • ECB Rehn: Markets too relaxed on Brexit risks March 25, 2019
    ECB Governing Council member Olli Rehn warned that the risks of no-deal Brexit are underestimated by the markets. Talking to Germany’s Die Welt newspaper, he said “in the short term Brexit is surely the biggest threat”. And, “financial markets seem to be too relaxed and appear to underestimate the risk.” On Eurozone economy, Rehn said […]
  • Market Morning Briefing: Euro-Yen Has Fallen Breaking Below Support Near 125.20-124.40 March 25, 2019
    STOCKS Overall equities have declined sharply and look bearish for the near term. Dow (25502.32, -460.19, -1.77%) tumbled breaking below the key support level of 25650 and looks vulnerable for a fresh fall to 21200-21180. DAX (11364.17, -185.79, -1.61%) declined breaking below the support at 11450 which we had expected to hold. Next supports are […]
  • Fed Evans: No rate hike until H2 2020 March 25, 2019
    Chicago Fed President Charles Evans said at a conference in Hong Kong that he now doesn’t expect a rate hike until second half of next year. He noted the US economy is in a strong position. Fed funds rate is seen as close to neutral. And it’s good time to pause and be cautious. Yet, […]
  • Daily Markets Broadcast March 25, 2019
    Wall Street drops on slowdown fears Weak sets of data out of Europe and the US stoked fears of a faster, deeper economic slowdown and pressured Wall Street on Friday. EU granted a Brexit extension to the UK as long as they approve PM May’s deal this week. US30USD Daily Chart The US30 index fell […]