The Trend is Your Friend

May 16 23:05 2018 Print This Article

The trend is your friend. Currency Markets There was an intense focus on Italy Wednesday thanks to speculation that its new coalition government would request that the ECB write-off the bank’s QE-acquired debt of EUR250bn. Panic ensued with the EURUSD plunging to 1.1760 before recovering after the report was denied. But the Italian political noise […]

Read More

About Article Author

Market Pulse

Established in 2006, MarketPulse is a free news site that provides full-time coverage of the world's largest financial markets, focusing on forex, commodities, and global indices research and analysis. Armed with a global team of securities analysts and strategists, Market Pulse provides timely, accurate, and informative research on major macroeconomic trends, technical analysis, and worldwide events that impact different asset classes and investors.

Related Items

GBP/USD – Pound slightly higher on strong UK retail sales

The British pound has posted slight gains in the Thursday session. In North American trade, the pair is trading at 1.2708, up 0.08% on the day. On the release front, British retail sales rebounded with a gain of 0.7%, beating the estimate of 0.2%. It was a busy day for U.S indicators. Building Per ...

USD/JPY – Yen shrugs off lower Japanese trade balance

It has been an uneventful week for the yen and that trend has continued in the Thursday session. In the North American session, USD/JPY is trading at 110.77, up 0.02% on the day. On the release front, Japan’s trade surplus with the US dropped 22.1% in July. It was a busy day for U.S indicators. ...

Will Chinese Renminbi Destabilize Markets as Trade Wars Escalate?

The trade war between Washington and Beijing has tipped China’s currency onto a path of destabilization. If hostilities escalate, China may let its renminbi (RMB) fall further. For investors, that could mean more volatility and tighter financial conditions. ...

Helios and Matheson Analytics (HMNY) Stock: Don’t Get Sucked In!

Helios and Matheson Analytics Inc (NASDAQ: HMNY) is having a relatively strong start to the trading session. However, I’m here to tell you that these gains won’t last. Ultimately, the stock is popping up from recent lows as the result of a horrible earnings report. Gains seen in the current sess ...

Swiss Utility In LNG Supply Talks With Canada's Goldboro Project

Axpo, a Swiss utility and energy trader, said on Aug. 16 it was in talks with a Canadian company planning to build a LNG terminal on the country's East Coast for a 10-year supply deal. If the talks lead to a Sales and Purchase Agreement (SPA), they would help boost the chances of the $7.6 billion Go ...

Panoramic Weekly: Summer storm

An escalation of diplomatic tensions between the US and Turkey and Russia triggered a global fixed income sell-off that particularly hit Emerging Markets (EMs), and led to a safe-haven rush, with US Treasuries, Swiss and German bonds in heavy demand. The risk-off mode intensified towards the end of ...

Identification as a centerpiece for development: What can other countries learn from Peru?

Juan and his sisters proudly show their identification. © Daniel Silva Yoshisato/World Bank Peru has placed so much emphasis on the importance of identification that it has created a museum dedicated to it. The "Museum of Identification" in Lima demonstrates to visitors the significance of ide ...

USD/CAD – sharp US retail sales weigh on Canadian dollar

The Canadian dollar is down considerably in the Wednesday session, erasing the gains which marked Tuesday. Currently, USD/CAD is trading at 1.3144, up 0.67% on the day. On the release front, there are no Canadian events. In the U.S, retail sales were unexpectedly strong. Retail Sales jumped 0.6%, a ...