Speaks in interview with SRF radio The story does not change but the SNB is reiterating that:
What’s the strategy and what does it mean I don’t think it’s a coincidence that the acceleration in equity market declines started on October 4. The heavy selling started almost immediately after Pence delivered at 11 am ET.
Sellers looking for a little more before the week is over. ForexLive
Not just China’s economic growth In the past 17 years, China’s GDP has grown nine-fold. That’s impressive. But what’s truly mind blowing is that buying the Shanghai Composite equity index 17 years ago and forgetting about it would have been one of the worst things you could possibly do.
Higher swing lows from the last two days Now there was a lower low this week at 111.82 and that may be tested on a break right here, but this level is giving a cause for pause right here.
Forex news for North American trade on October 12, 2018: Markets: – S&P 500 up 39 points to 2767 – WTI crude up 59-cents to $71.55 – Gold down $6 to $1218 It’s a big weekend for Brexit as the top negotiators try to make a deal ahead of next week’s EU leaders meeting. The…
Speaking on CNBC ForexLive
Portugal rating raised Moody’s raised Portugal’s credit rating to Baa3 from Ba1 and changed the outlook to stable from positive. Portugal had a rating of Aa2 back in 2010 but was downgraded several times before falling to Ba3 in 2012. It’s slowly crawled back since but this was the first upgrade since 2014.
The JPY is the strongest. The CAD is the weakest for the week. It is that time of the week where the numbers are crunched and the strongest and weakest currencies are determined.
The major indices close near key MA levels and pass the bias buck to next week The US major indices have rebounded in trading today, but the day certainly had it’s share of ups and downs.