It’ll be a busy week for U.S. policymakers, as the Federal Reserve gears up for its first meeting of 2019 on January 29-30, and President Trump’s advisors continue to work to resolving issues that have caused the longest government shutdown in U.S. history.
This week will see some key activity, with central bank input from the U.S. Federal Reserve and U.S. Non-Farm Payrolls data due.
In early trade in Asia, the Pound Sterling rallied and struck a 2-month peak versus the US Dollar after it was reported that the Prime Minister’s Brexit deal has obtained the backing of the Democratic Unionist Party (DUP) of Northern Ireland.
While it has now lost some momentum, the Pound Sterling had earlier struck an 11-week peak during overnight trading on renewed optimism that a no-deal Brexit can be avoided.
Global markets continued to look for direction on Thursday as investor uncertainty about the state of the global economy created opportunity for both concern and optimism.
With possible backing from the Labor Party for the latest amendment to the ongoing Brexit saga, the Pound Sterling inched higher and rose above the $1.30 level during London trade.
Asian markets were trading mixed on Wednesday afternoon, as traders remained cautious in the face of continued trade tensions between the United States and China.
Although it is possible to do OK by only looking at the Forex market, you could do better by considering what is going on in stock & commodity markets.
Amongst a multitude of charts, we’ll review 3 main ones. The simple line chart, bar chart & the candlestick chart, listing their various quirks, pros and cons.
Many look for the magic system to start making money & become rich. This article reviews some things that work & some hype that far too many people fall for.