
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
Today's focus is again on the British currency. The level of retail sales fell by 0.8%. At the moment GBP/USD is testing the support at 1.3094 (100-day MA). If there is more positive news concerning Brexit, the GBP will be supported. In that case, the pair can move up to the resistance at 1.3146.
In addition, the trade balance of Japan showed a surplus of 139.6 billion yen, while the deficit of -45.1 billion yen was expected. As a result, today USD/JPY is declining. The pair is moving downwards to the support at 111.90 (50-day MA). If there is any positive news concerning the USD, it will encourage the bulls to break the resistance at 112.65 and move up to the next resistance at 113.47.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
US stock markets started falling, while the US dollar is rising. What to expect from
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
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