Analytics

News, Trends, & Analytics 16.04.2019

The U.K. can’t whether decide to have a referendum or not

News

The battle over whether or not to hold a second public referendum in the UK continues as Jeremy Corbyn was threatened with losing the support scores of pro-EU voters recently by Richard Corbett, leader of some 20 MEPs.

Talks between the government and Labour shall continue over the Easter parliamentary recess. The hope is to find a Brexit agreement that will be acceptable to MPs and MEPs alike. The GBP dropped.


U.S. indices and stocks were up and down. The S&P 500 Index’s three-day advance came to an end as Goldman Sachs Group Inc. retreated after missing estimates for sales and trading revenue. Citigroup Inc. stayed steady after its revenue matched expectations.

The benchmark for American equities is near a six-month high and less than 1 percent from its record after a strong run so far in 2019


Japan and the U.S. will begin bilateral trade talks starting this week. President Trump could impose tariffs on auto exports in keeping with his America-First policy.

Japan’s economy is helping to carry Asia, but two trade wars in the region would not bode well for business. Though if talks go well this war could be over before it begins.

 

Spotlight

Times in GMT

01:30

AUD RBA Meeting Minutes


08:30

GBP Average Earnings Index +Bonus (Feb)

Predicted: 3.5% Previous: 3.4%

GBP Claimant Count Change (Mar)

Predicted: 20.0K Previous: 27.0K


09:00

EUR German ZEW Economic Sentiment (Apr)

Predicted: 0.8 Previous: -3.6

 

Analysis

Silver

This precious metal’s 1D chart has shown a Dragonfly Doji signal indicating reversal to an uptrend.

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EUR/USD

This pair’s 1D chart has shown a Three Outside Up pattern signaling a reversal to an uptrend.

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