Evidence that U.S.- China trade talks are the biggest catalyst for the stock market;
The market reacted in favor for all currencies when the news that China and US are getting good of their talks – therefore the price movement can change anytime soon if such headlines appears again this week. Things are really looking good for both these countries and this will rescue falling asian currencies.
Iran braces for oil sanctions after currency crash, protests – OIL volatility expected
TEHRAN, Iran (AP) — Iran is bracing for the restoration of U.S. sanctions on its vital oil industry next week, as it grapples with an economic crisis that has sparked sporadic protests over rising prices, corruption and unemployment. The Trump administration on Friday announced the reimposition of all U.S. sanctions on Iran that had been lifted under the 2015 nuclear deal, ramping up economic pressure on the Islamic Republic. The oil sanctions, set to take effect on Monday, will target the country’s largest source of revenue in the most punishing action taken since the Trump administration withdrew from the 2015 nuclear agreement in May, and will also affect Iranian shipping and financial transactions. Read More @ https://www.apnews.com/f5f3a380400b464f8cd584c5c2044e48
WHAT IS THE USD SAYING?
USD still looks robust and hungry for a another rally to the north; but this could be a bad thing for President Trump to make AMERICA GREAT AGAIN!! for an expensive USD for export. Good NFP just added fuel for FED to raise the Rate once again!! If you are thinking of shorting the USD….THINK AGAIN!!
All-UK customs Brexit deal report is ‘speculation’: PM May’s office – GBP volatility will continue on Monday with a GAP.
LONDON (Reuters) – A report suggesting an all-UK customs deal will be written into the legally binding agreement governing Britain’s withdrawal from the EU to avoid the need for an Irish backstop is “speculation”, Prime Minister Theresa May’s office said. The Sunday Times said the plan would avoid the need to treat Northern Ireland differently, which has been the main stumbling bloc to securing an agreement on Britain’s exit from the bloc, due in March 2019. Reuters reported on Friday that the EU has suggested that a backstop post-Brexit customs arrangement covering all of the UK could give mainland Britain some scope to set trade rules while keeping the province of Northern Ireland aligned with the EU. Read More @ https://www.reuters.com/article/us-britain-eu-deal/all-uk-customs-brexit-deal-report-is-speculation-pm-mays-office-idUSKCN1N80NS?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
MONDAY NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.
- 9.00am – BOJ will start with their monetary policies with Kuroda at press conference.
- 9.45am – China will release their Services PMI – AUD, NZD & CAD volatility expected.
- 5.30pm – Euro will release their Sentix Investor Confidence – It’s a leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity.
- 5.30pm – UK will release their Services PMI – Volatility expected.
- 9.10pm – BOC – Poloz will speak and CAD will once again goes into swing – volatility expected.
- 10.45 – 11.00pm – US will release their Service and manufacturing PMI and we are expecting no change to data but the price movement will be in favor of the USD.
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