UK car production declined sharply in August as ongoing coronavirus crisis stalled efforts to ramp up output, data from the Society of Motor Manufacturers and Traders, or SMMT, showed Friday.
Output decreased 44.6 percent on a yearly basis in August. Just 51,039 units rolled off factory lines as the
EUR/USD's daily chart shows a head-and-shoulders bearish reversal pattern.
Key indicators support the case for deeper declines.
EUR/USD is currently trading below 1.17, having declined from 1.1773 to 1.1690 on Tuesday.
Notably, the pair closed well below 1.1770 on Tuesday, confirming a head-and-
FairXchange, a company that specialises in financial markets data science, announced this Tuesday that it has launched a new functionality within its Horizon product – a Pricing Stack Analysis feature.
According to the statement seen by Finance Magnates from FairXchange, the new feature
During late-Tuesday, The Guardian relied on the business and industry sources to convey UK Chancellor Rishi Sunak’s inclination to follow Germany while seeking replacement of the furlough scheme.
The sources said the Treasury had decided, at the eleventh hour, to delay an announcement ti
Pengamat pasar mengharapkan FTSE Russell untuk menambahkan obligasi pemerintah Tiongkok dalam Indeks Obligasi Pemerintah Dunia (WGBI) selama tinjauan tahunan bulan ini.Itu bisa menarik tambahan $ 140 miliar ke dalam obligasi Tiongkok, menurut raksasa perbankan investasi Goldman S
NZD/JPY has completed a fresh downside impulse to a 0.6950 target.
Bears hope for a correction to the upside strycrure and for it to resist and offer a high probability setup.
Further to the previous analysis, where 0.6950s were being targetted, the price has finally achieved the area, although it
Daily Pivots: (S1) 1.1713; (P) 1.1792; (R1) 1.1853;
EUR/USD breached 1.1737 support briefly but quickly recovered. Intraday bias stays neutral first. On the downside, firm break of 1.1737 will reaffirm the bearish case that fall from 1.2011 is correcting whole rise from 1.0635. Intraday bias will be
USD/JPY recovers early Asian losses while bouncing off 104.43.
Risk dwindles as virus woes combat hopes of further stimulus and geopolitical headlines.
Markets in Tokyo are off for Respect-for-the-Aged Day, Chicago Fed National Activity Index, Fed Chair’s speech will be the key.
USD/JPY seesaws aro
USD/CAD stayed in consolidation below 1.3259 last week, held above 1.3086 minor support. Initial bias remains neutral this week first and further rise is in expected. On the upside, break of 1.3259 will resume the rebound from 1.2994 short term bottom, targeting 38.2% retracement of 1.4667 to 1.2994
Keep on trucking impressive 72% rebound off March lows for Dow Transports ... index now just slightly below level reached almost 2 years ago to the day, Bloomberg. [Past performance is no guarantee of...
Daily Pivots: (S1) 1.2892; (P) 1.2945; (R1) 1.3026;
GBP/USD is staying in consolidation above 1.2762 and intraday bias remains neutral first. Further fall is still in favor with 1.3035 minor resistance intact. On the downside, below 1.2762 will target 38.2% retracement of 1.1409 to 1.3482 at 1.2690.
The overnight late-session pull back on Wall Street, and lower U.S. and European futures point to a weak start for European markets Thursday morning.
Brexit woes and concerns about surging coronavirus cases are among the other factors that could weigh on the markets.
The Bank of England's monetary p
JP Morgan remain dollar bears and look to sell rallies on USD/CHF
USDCHF has refused to break below ... 0.9050, keeping us in the middle of recent ranges.
will look to sell into USDCHF rallies back towards 0.92
ultimately looking for a break of 0.9000
JPM add on the FOMC meeting today (&
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