Page 57 of 57 FirstFirst ... 74754555657
Results 1,121 to 1,123 of 1123
  1. #1121
    Join Date
    Jun 2013
    Age
    33
    Posts
    2,428
    Rep Power
    0

    Default

    GBP/USD: the pound still hopes that the fog around Brexit will clear up

    Over the past week, the pound has strengthened against the US dollar by almost 1.2% amid expectations that London and Brussels may soften their position on Brexit.

    On Sunday, the Prime Minister of the United Kingdom, Boris Johnson, said that he was still focused on concluding a deal with the European Union under the terms of the country's withdrawal from the bloc.

    "If we can make enough progress over the next few days, I intend to go to the EU summit on October 17 and conclude an agreement that will protect the interests of business and citizens both on both sides of the English channel and on both sides of the border in Ireland. I believe that we can do this, and I believe that such an agreement meets the interests of not only the UK, but also our European partners," said B. Johnson.

    At the same time, he continues to insist that he will not ask the EU to provide another delay for Brexit.

    In turn, EU negotiator Michel Barnier said that there are no reasons for optimism about Brexit.

    "The UK has not provided any alternative proposals on the Irish border for a month and a half of the functioning of the new government and half a year from the moment when the bill, agreed with the 27 EU members, entered the British Parliament, but was never ratified by it. In the coming weeks, we should see whether the government of B. Johnson is able to make any proposals that have legal force," M. Barnier said.

    Recall that in Britain the law adopted by the country's Parliament came into force, according to which the government is obliged to ask the EU for a new deferral of Brexit if London and Brussels do not agree on a new agreement on withdrawal by October 19.

    B. Johnson intends to ignore the new law and is ready to fight for it in the British courts.

    Today, the British Prime Minister met with the President of the European Commission, Jean-Claude Juncker, in Luxembourg.

    "The leaders agreed on the need to negotiate more intensively on Brexit and start holding daily meetings of representatives of the parties. An agreement was also reached on political negotiations between EU chief negotiator Michel Barnier and Brexit Minister Stephen Barclay. The dialogue between president Juncker and Prime Minister Johnson will also continue," the office of the head of the British government said in a statement.

    It is assumed that if the parties manage to reach a compromise, then the GBP/USD pair may well rise to the level of 1.2700.

    Analysis are provided by InstaForex

  2. #1122
    Join Date
    Jun 2013
    Age
    33
    Posts
    2,428
    Rep Power
    0

    Default

    Oil flies into the stratosphere

    Attacks on tankers in the Persian Gulf and a downed American drone are children's toys compared to the attack on Abqaiq, the world's largest oil refinery in Saudi Arabia, through which about 7 million b/d passes. Brent and WTI have responded with the largest daily rally in history, and it cannot be said that investors have calmed down. The attack can easily be repeated, the US war with Iran is more real than ever, and who, interestingly, in such circumstances will risk actively selling black gold?

    An armed attack turned off 5.7 million bpd from the game, which is about 5% of global production. Although Riyadh is trying in every possible way to convince investors that everything is under control and within a day, about a third of the losses in black gold production have already been restored, insider Bloomberg says something else. According to at least four competent sources, the restoration is likely to drag on from a few weeks to several months, and a reduction in global production will provide all possible assistance to the Brent and WTI bulls. Everyone is waiting for comments from Prince Abdulaziz bin Salman, but the very figure of this man deserves close attention.


    One-day oil jumps

    According to Bloomberg, the maximum reserve capacity that can be put into production in the coming weeks is 3.9 million bpd. Even if Riyadh recovers a third of the losses from 5.7 million bpd, there will be a reduction in production. And with it, the growth of Brent and WTI quotes. As for Saudi Arabia, it is in its interest to spread rumors about a slow return to previous levels and the disruption of the October supplies, as well as to call other OPEC members to implement Vienna agreements, which the Saudis do.

    At the same time, the issue of the United States and Iran's trade war, which the United States accused of organizing the attack on Abqaiq, does not come up on the agenda. Tehran denies any involvement, and based on the principle "who needed it most", it is very likely that it really has nothing to do with it.

    Technically, after completing the targeting on the Bat (113%) and Wolfe Waves patterns, the risks of a pullback increased to the levels of 23.6% and 38.2% of wave 4-5. End of support at $66.4 and $64.4 per barrel will attract new buyers to the market.

    Analysis are provided by InstaForex

  3. #1123
    Join Date
    Jun 2013
    Age
    33
    Posts
    2,428
    Rep Power
    0

    Default

    Forecast for AUD / USD pair on September 19, 2019

    AUD / USD pair

    The Australian dollar successfully broke the support area, consisting of two lines - balance and MACD of price channels and indicator lines. Moreover, the breakthrough occurred today on quite good employment data. The growth of new jobs amounted to 34.7 thousand against the expectation of 10.0 thousand and the share of the economically active population increased from 66.1% to 66.2%. Against this background, the level rose slightly to 5.3% from 5.2%, which is a fairly strong sign of the market's intention to sell the AUD/USD pair at an accelerated pace.

    The Immediate target of 0.6678 at the support line for the red price channel coincides with the low of August 7 that can be reached in three days. Then, the blue channel comes into play with support in the region of 0.6605. On the four-hour chart, the price is in free fall and there are no signs of a stop in the correction.

    Analysis are provided by InstaForex

Similar Threads

  1. Forex News from InstaForex
    By InstaForex Gertrude in forum Advertisement Place
    Replies: 1430
    Last Post: Yesterday, 04:05
  2. Forex Technical & Market Analysis FXCC
    By alayoua in forum Advertisement Place
    Replies: 4
    Last Post: 06-07-16, 23:25
  3. Weekly technical analysis for 3 - 7.12, 2012
    By bellalca in forum Affiliate program networks
    Replies: 0
    Last Post: 04-12-12, 06:09

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
affiliate program forum webmaster forums webmaster resource forum webmaster money forums