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GBP/USD is back to 1.3990, GBP/EUR is trading at about 1.2650, with the Sterling higher over the course of Thursday session and the #overnight session in Asia. Sterling is just preparing itself from the lows that we’ve seen. Maybe we’re seeing the #Sterling bears getting a little bit tired, maybe markets looked to that GDPRead More
After Saudi Arabia and Iran, both major producers of OPEC seemed to be unwilling to freeze their production at January levels, Russia, whose economy is tumbling into recession due to the slump in energy prices, decided to raise its voice to boost last week’s deal. On Thursday, Russia’s Energy Minister Alexander Novak reiterated that RussianRead More
GBP/USD is currently trading at about 1.3920, GBP/EUR is trading at about 1.2630 as the market opens up this morning (London Session). The #Sterling once again lower (fresh near 7-year lows against the U.S. dollar and a 14-month low against the #Euro) as we the market opens up this morning. To be honest the news,Read More
GBPUSD has tumbled for 3 consecutive days as market continues digest volatility in the event of possible Britain’s departure from the EU. The precious metal, Japanese yen and Swiss France witnessed great demand for safe haven, and the euro has recovered a little bit on disappointed data from U.S. service sector and housing markets, butRead More
DAX suddenly got support from the oil price to recover from as low as 9133.4, to close at 9327.7, down 2.1% compared to the opening price. In the weekly chart, the price is hovering around the open of the week, reluctant to continue last week’s rally. However, the support from the crude oil priceRead More
Earnings season is about to finish with 87% of the companies in the index reporting their Q4 earnings. According to FactSet’s estimation and forecast, S&P 500 total earnings might decline by 3.6% in the last quarter of 2015 with revenue falling by 3.7%. The index is on track for third consecutive quarter of “profit recession”.Read More