There
was a sense of uncertainty after the government suffered a crushing defeat
earlier in the week in a Lords vote to give Parliament a “meaningful vote” on
the final Brexit deal.
With
the European Union Withdrawal Bill returning to the House of Commons today for
a second vote, this could be a major leadership test for Prime Minister Theresa
May. Another defeat for the government may spark fears over continued political
uncertainty in the UK at a time where the Brexit deadline is slowly
approaching.
The
outlook for Sterling remains tilted to the downside, especially when factoring
in how Brexit-related uncertainty and political risk may force the Bank of
England to delay monetary policy normalization this summer. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Regarding
the technical picture, the GBPUSD continues to fulfil the prerequisites of a
bearish trend on the daily charts. There have been consistently lower lows and
lower highs since the middle of April 2018. The solid daily close below 1.3200
could inject bears with enough confidence to confront 1.3130 and 1.3100,
respectively. With an appreciating Dollar likely to compound to the GBPUSD’s
downside, the outlook for the currency pair remains firmly bearish in the short
to medium term.
Global stocks
rebound but trade fears linger
Asian
and European stocks rose today as markets attempted to shrug off trade war
threats. While the improved risk appetite could elevate stock markets higher,
the sustainability should be questioned as fears over trade tensions remain a
key market theme. Global equity bears could transform the current rebound into
a classical dead cat bounce if trade tensions between the United States and
China continue to escalate.
Commodity
spotlight – Gold
Gold
has failed to garner any support from the lingering uncertainty and caution
over the simmering trade tensions between the United States and China. Price
action suggests that the yellow metal remains heavily pressured by a firmer
Dollar and prospects of higher US interest rates. With the Federal Reserve
expected to raise rates at least two more times in 2018, zero-yielding Gold may
find itself in trouble. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
Taking
a peek at the technicals, Gold could be gearing for a heavy selloff on the
daily and weekly charts. The $1280 level has the ability to transform into a
firm resistance that invites a steep decline towards $1264. In an alternative
perspective, a rebound and daily close back above $1280 may reopen a path
towards $1289 and $1300, respectively.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
Hmmm!!! Folks, have you ever
imagined how the financial status of your firm will be when more than 20,000
CEOs and other key decision makers of blue-chip corporations pay for your
products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
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