Run higher on Wednesday, reversed over the last few days The EURUSD moved and closed above its 100 day MA on Wednesday at 1.14766 (blue line in the chart below).
How did the narrative shift so quickly? A year ago every economist on TV was talking about how we were on the precipice of global synchronized growth. Now all everyone wants to talk about is a recession.
Major financials traditionally start the earnings season Next week, the earnings season starts with the traditional bank earnings highlighting the calendar. Citigroup, JPMorgan, Charles Schwab, Bank of America, Bank of New York, PNC Financial, American Express and Goldman Sachs are all scheduled to release.
Fresh report UK Cabinet ministers are exploring ‘Plan B’ options for if/when May loses next week’s Brexit vote, according to Bloomberg. The report cites people familiar with the thinking of ministers. They also said that May could seek Jeremy Corbyn’s help on securing the vote.
Weekend risks flip to the upside There was a time when no one wanted to own the pound ahead of the weekend due to the endless Brexit risks. Now the risks are to the upside on reports that Cabinet ministers believe a delay to the March 29 Brexit deadline are increasingly likely.
Rosengren on Bloomberg TV That’s rich given that the Fed has failed to meet the 2% inflation target for 7 years straight. ForexLive
The FOMC minutes are due at 1900 GMT (2 pm ET) December’s FOMC decision was a controversial one. Despite intense risk liquidation and instability in the fourth quarter, the Fed failed to live down to market calls for a dovish hike, instead maintaining what could have been viewed as a stubborn rigidity.
Answers questions after speech in Boston He adds: ForexLive
The next Fed speaker is speaking. ForexLive
Comments from Poloz and Deputy Governor Wilkins in the press conference – Deviation from full capacity due to oil will be temporary – We’re still on that path to full capacity Poloz compared the Canadian housing market to a beer. He said