The head of the Eurogroup of euro zone finance ministers Mario Centeno said on Tuesday Italy's budget plans targeting a higher deficit than demanded by Brussels should not be overestimated in terms of their impact on the euro and countries using the single currency. Italy's budget is just one of those moments and events.
BRUSSELS (Reuters) - Italy's budget for next year is a hot topic but is not on the agenda of a summit of European Union leaders this week, a senior European Union official said on Tuesday. Euro zone leaders ...
NEW DELHI (Reuters) - India may look to raise 200 billion rupees ($2.71 billion) in 2018/19 fiscal year via buyback of shares in state-run companies including Oil and Natural Gas Corp Ltd (ONGC), local ...
Forget revenue and profits, India’s largest e-commerce firms seem to believe the height of Dubai’s Burj Khalifa is a fair metric to measure their performance. At the end of their annual flagship festive season sales, the online retailers, notorious for their window-dressing metrics like gross merchandise value (GMV) and net promoter scores, measured their success…
Tuesday’s UK earnings report to be a quick flash in the pan with Brexit angst looming overhead.
The EUR’s repeated failure to climb 1.16 is a slight cause for concern for the EUR bulls.
Based on the early price action, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the uptrending Gann angle at .7112. This angle has been guiding the market higher since October 5.
Bitcoin holds on to $6,700 levels after an early dip, but with Monday’s price action over and the markets steadying, there could be some downside ahead.
Based on the current price at 111.990, the direction of the USD/JPY the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at 111.984.
Gold markets continue to levitate overall, showing signs of strength during the day on Monday. I think that the gold market continues to find strength due to the uncertainty around the world, and the “safety trade” that seems to be in effect.
The US dollar broke down below the ¥112 level during the early hours of Monday but has found a little bit of support near the ¥111.50 level, an area of previous resistance. At this point, it looks as if we are trying to form some type of bottoming pattern, but I think you should be very cautious if you are looking to go long.
The British pound gapped lower to kick off the week against the greenback, but by the time the Americans came on board had fill that gap it looks likely to continue to try to go towards the recent highs.
The British pound gapped lower to kick off the week, breaking below the ¥147 level. However, we have started to recover so at this point we are deciding whether we are going to return to the consolidation area that we had been in, or are we going to break down?