UK PM May survived a no confidence motion against her leadership Wednesday, winning the vote by 200 – 117. The vote represented a comfortable victory.
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Wednesday 12th December: EU unwilling to re-open Brexit negotiations drags pound sub 1.25 – what’s the next play here?
The single currency relinquished further ground to the US dollar Tuesday, recording its second consecutive daily loss.
Tuesday 11th December: Greenback on strong footing this morning amid Brexit jitters.
EUR/USD: After decisively running stop-loss orders above H4 resistance (yellow) at 1.1434/1.1418 in early Asia Monday, the EUR/USD fell sharply. Further selling was observed throughout London and US sessions, as the greenback benefited from Brexit woes and fears of a global economic slowdown. Stop-loss orders beneath 1.14 were also tripped yesterday from traders looking to … Continue reading Tuesday 11th December: Greenback on strong footing this morning amid Brexit jitters.
Monday 10th December: Asian Markets slump as growth concerns intensify
Global Markets: Asian Stock Markets : Nikkei down 2.04%, Shanghai Composite down 0.77%, Hang Seng down 1.46%, ASX down 2.27% Commodities : Gold at $1255.30 (+0.22%), Silver at $14.69 (-0.05%), Brent Oil at $61.95 (+0.45%), WTI Oil at $52.45 (-0.30%) Rates : US 10-year yield at 2.841, UK 10-year yield at 1.273, Germany 10-year yield … Continue reading Monday 10th December: Asian Markets slump as growth concerns intensify
Monday 10th December: Weekly technical outlook and review.
EUR/USD: Weekly Gain/Loss: +0.38% Weekly Close: 1.1393 Weekly perspective: The single currency staged a reasonably decisive recovery over the course of last week, breaking a two-week bearish phase. Further buying, however, may be challenging. Less than 100 pips overhead resistance is seen priced in at 1.1465, which, as you can probably see, brings with it … Continue reading Monday 10th December: Weekly technical outlook and review.