Archive for Financial News

Mongolia cuts rate another 100 bps and RR by 150 bps

By       Mongolia’s central bank continued to ease its monetary policy stance to stimulate economic activity by cutting its policy rate by another 100 basis points to 10.0 percent and the reserve requirements of banks’ tugrik deposits to 10.5 percent from 12.0 percent.      The Bank of Mongolia (BOM) has now […]

Russia cuts rate 25 bps, will continue to ease to neutral

By       Russia’s central bank lowered its key monetary policy rate by another 25 basis points to 7.25 percent, as widely expected, and confirmed it still expects to “continue to reduce the key rate and will complete the transition to neutral monetary policy in 2018.”       It was the Bank of […]

GB100: Technical Analysis – Lower public spending and stronger Pound bearish for GB100

By IFCMarkets Lower public spending and stronger Pound bearish for GB100 Public spending and construction activity slowed in January. Will the GB 100 index continue declining? UK economic data were mostly weak lately. The trade deficit widened, manufacturing production growth slowed and construction output fell in January. At the same time consumer confidence index declined […]

deVere CEO: Review investments as Trump’s trade tantrums heat-up

By George Prior Trump’s trade tantrums put him on the wrong side of history and investors should review their portfolios, affirms the chief executive of one of the world’s largest independent financial advisory organizations. Nigel Green, founder and CEO of deVere Group, is speaking out after global stock markets come under heavy pressure on fears […]

Ichimoku Cloud Analysis 23.03.2018 (AUDUSD, NZDUSD, USDCAD)

Article By AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is trading at 0.7711; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.7740 and then continue moving downwards to reach 0.7600. Another signal […]

Forex Technical Analysis & Forecast 23.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

Article By EURUSD, “Euro vs US Dollar” EURUSD has completed the descending impulse along with the correction. Today, the price may form another descending impulse towards 1.2222 and then start another correction to reach 1.2380. After that, the instrument may resume moving downwards with the target at 1.2185.   GBPUSD, “Great Britain Pound vs […]

WTI Bullish Zig-Zag is Progressive

By Admiral Markets Source: Admiral Markets MT5 with MT5SE Add-on The WTI is still in a strong uptrend. The price behaved exactly as planned as you could have read in my previous WTI analysis. Today it’s Friday and we might see some profit taking. Pay attention to a blue trend line break for a retracement […]

EURUSD: wide-ranged flat on the hourly timeframe

By Gabriel Ojimadu, Alpari Previous: On Thursday the 22nd of March, trading on the euro closed down. The rate dropped to 1.2285 during the European session. The single currency was pushed down by a multitude of factors, including a drop in German bond yields, the EURGBP cross, and weak German and Eurozone data. From its session […]

BoE signals a May rate hike. Trump hits China with tariffs

By Orbex Blog Daily Forex Market Preview, 23/03/2018 Following the Fed meeting, it was the turn of the Bank of England. As widely expected, the central bank held interest rates steady at 0.5%, albeit with two dissenting votes in favor of a rate hike. The central bank stuck to the base scenario of cementing expectations […]

US stocks tumble on trade uncertainty

By IFCMarkets SP 500 turns negative US stock indices fell sharply on Thursday as trade war fears triggered a broad selloff. Dow Jones industrial average tumbled 2.9% to 23957.89, falling 10% below the all time high hit in January. The S&P 500 tumbled 2.5% to 2643.69 with ten of the 11 main sectors finishing in the red. The Nasdaq composite fell 2.4% […]

Financial markets tremble as global trade war fears intensify

Article by ForexTime A tidal wave of risk aversion engulfed financial markets on Friday, after President Donald Trump announced that the U.S will impose tariffs on up to $60 billion of Chinese imports. This bold and frightening move by Trump has already triggered retaliatory actions from China, who fought back by disclosing plans to impose […]

Watch This Group Signal Stock Market Trend Changes

Virtually all stock market forecasting is based on the fallacy of linear extrapolation By Elliott Wave International Many investors would welcome a “secret insight” about the stock market that someone whispers in their ear. But you can get “tipped off” on when a financial trend is about to change from a very public source that […]

US tariffs send equity markets into a spin

Article by ForexTime Equity markets were hammered today as Trump signed into effect the first tariffs the US has imposed for some time, and talked up the possibility of further tariffs against major economies – particularly China. China as a result has said that it is prepared for a trade war and won’t shy away […]

Macau raises rate 25 bps as it tracks HK rate hike

By       Macau, the small peninsula known for its giant casinos and shopping malls, raised its benchmark discount rate by 25 basis points to 2.0 percent, tracking Hong Kong’s rate hike.      Macau’s de-facto central bank, the Monetary Authority of Macao (AMCM), said as its pataca currency is linked to the […]

Bahrain, Qatar raise benchmark rates 25 bps

By        Bahrain and Qatar’s central bank joined other central banks that peg their currencies to the U.S. dollar and raised their policy rate by 25 basis points following the U.S. Federal Reserve’s much-anticipated increase of its benchmark federal funds rate by 25 basis points to 1.50 – 1.75 percent.      […]

China raises 7-day repo rate 5 bps, HK raises base rate

By       China raised its 7-day reverse repurchase rate, used for money market operations, by 5 basis points to 2.55 percent, saying this was in line with market expectations and “a normal reaction” to the U.S. Federal Reserve’s increase of its key interest rate on March 21.       But the People’s […]