While the International Monetary Fund has warned that Britain quitting the European Union would be a risk to global financial stability, one of the asset classes most vulnerable to the shock isn’t hearing the alarms, according to Allianz Global Investor’s sterling fund manager.Peripheral euro-area government bonds are under pricing the risks of a … More CPI m/m Fundamental’s UK. .
USD – RETAIL SALE’S m/m Date Actual Forecast Previous Apr 13, 2016 -0.3% 0.1% 0.0% This is the earliest and broadest look at vital consumer spending data for the United States. It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity. Any changes upon the … More USD – Retail sale’s m/m
GBP/USD Looking ahead, a relatively quiet economic calendar is headlined by UK Construction PMI figures. Broadly speaking, UK economic news-flow has improved relative to consensus forecasts over the past two months, opening the door for an upside surprise. Such a result may help encourage a recovery from the British Pound after … More Watching for weakness , buying correction..
Investors are gaining confidence that March’s rally in equities and credit markets has further to run. The Stoxx Europe Index and the MSCI Asia Pacific Index were on course for the highest closes in two months. Shares in Egypt extended the longest rally since December after the country’s central bank devalued its currency, and the thawing … More Central bank’s lift credit,bonds
Current rate – 1.10617 (%change) – (-0.59%) Day range – 1.1055 / 1.1135 As we seen on the chart above EUR/USD is sliding slightly down from 78.40% fib level to 50.00% fib level with barely break in the recent level which is the 50% fib as we said, meanwhile there we can located … More EUR/USD ; DAILY CHART
The dollar edged higher against the euro Friday after U.S. core consumer prices recorded the largest monthly gain since August 2011.U.S. core prices, a measure of inflation that excludes food and energy, jumped 0.3%, driven by rising medical care and housing costs. EUR/USD ; DAILY CHART The shared currency has steadily declined … More Dollar strength vs Euro inflation signs . .
Current rate – 1.09160 The Euro traded slightly higher versus other major currencies Headline CPI at 0.4%, Core CPI Printing 1.0% ECB March policy meeting still in focus Whilst the numbers today showed a slight acceleration in the Euro-Zone’s inflation, the data came generally in line with expectations, as supposedly technical effects from a … More EUR/USD BRIEF
Stock and oil prices rebounded in choppy trading on Tuesday on hopes oil producers will cut output to address the supply glut that has punished equity markets and pushed crude values to 12-year lows.Investors also awaited more clues to whether the Federal Reserve and other central banks will help stabilize markets that have been roiled … More Global brief for the last past days..
Current price – 1.08258 As we can see on the chart above Eu is in Accumulation/Distribution period , it’s going to touch the support line and start gaining position for a new uptrend, first point for eventually resistance is located at 1.10 approximately, if it breaks the line next point we are going to … More EUR/USD ; DAILY CHART
Current rate – 1.08160 As we seen on the sixty minutes chart above, the consolidation is confirmed, we have three top point’s and the EU is at 38.20% fibb level. Where we can located the Daily support which is the important line for the EU now (located at 1.0815 ) it already test it … More EUR/USD ; BRIEF