Brexit headlines and risk on sentiment
- Fitch on the Fed : 2 hikes this year, 3 the next
- Fitch Ratings: World growth cut on US-China Trade battle
- GBP/USD now testing 100 EMA on hourly
- EUR/USD pauses at 50MA on intraday charts
- GBP/USD Selling off 200MA
- Italy's Salvini says Gov't meeting over budget went well
- US Oil recap from earlier, next targets 71.50 and 72.50
- Moody affirms New Zealnd's AAA rating
- More denials of any big statement to come from May
- On twitter- Big statement from PM May coming up?
- South Africa's Ramaphosa on the wires
- Chart in focus : GBPCAD - two different deals
- S&P affirms China rating at A+/A-1
- Latvian Foreign Ministry on Brexit
- German Foreign Minister May on Turkey
- Hong Kong's Hang Seng closes up 1.7% at 27,953.58
- Brexit: Scotland's sturgeon on the wires
- Eurozone Manufacturing PMI 53.3 vs 54.5 expected
- Brexit headlines doing the rounds
- Lates from Italy's Di Maio
- Germany Manufacturing and Service PMI a mixed bag
- Germany September Manufacturing PMI 53.7 vs 54.5 expected
- Trade Ideas thread European Session 21 September 2018
- EUR/USD down on softer Manufacturing and Services PMI
- France September Manufacturing PMI 52.5 vs 53.3 expected
- US Oil chart moving above the 50MA
- Switzerland August Money Supply M3 YoY 2.5% vs 2.4% prior
- Bullish sentiment in the air
- France YoY GDP 1.7% vs 1.7% expected
- Philippines stocks PSI up nearly 3% at 7,344.37
- Possible EUR/JPY entries on Risk on sentiment
- Nikkei closes up Euro indices futures up
- Transport Minister Grayling: No Brexit deal if Irish Border not resolved
- EURJPY set to gain on risk on sentiment
- US OIL re-testing 50 MA. Trump's tweet in play?
- Economic releases ahead for the London session
- AUD/USD in focus at 0.7300
Markets:
- Gold down -0.17% at 1205.24
- WTI down 0.45% at 70.80
- Copper up 2.33% at 278.45 (Copper feeling the global growth love)
- FTSE 100 up 1.10% at 7448.39
- FTSE MIB up 0.79% at 167.85
The GBP fell from the open as Brexit woe just weighed on the GBP the whole session. Currently down over -0.50% it is worth keeping your eye on the headlines as there were some rumours that Theresa May had a 'big announcement' to make. That rumour was quickly denied but May is running out of support. Nicola Sturgeon was quick to put the boot in and throw fuel on the fire urging Theresa May to drop her Chequers plan. May is fast running out of options, but she is dogged and determined and if anyone could stick it out I would say she could. However, at what point does her position become impossible. It must be quite close now as she is running out of supporters.
cough, cough I have an announcement to make. Oh actually, scrap that - I'll carry on with the job..
The session started on a good note with vibes of Global growth and a ,let's ignore Trump's tariff tune, coming from the Asian Equites. The Nikkei was up 0.82%m Hang Seng up 1.73% and the Shanghai index a decent 2.50%. Trade war? what trade war. Nothing to see here move along please. Once again, fading President Trump's tweets, seems to be the sensible option. Sometime you feel that the world is working around Donald Trump.
The EUR/USD was weighed down by a mix of eurozone data from France, Germany and a compiled eurozone release. Oil broke away from the 50EMA intraday 15 minute chart and is sat in the middle of the range, concerns over Iran's supply is keeping it bid, at least until Trump wakes up and starts tweeting about the price of Oil
Coming up in the next session we have CPI data and retail sales out of Canada as the main events of the session, bar any 'big news' from you know who.
Been a pleasure serving you great bunch and I hope you all have a good weekend. I have just found out that my house purchase has gone through, so the mobile banking problems didn't impact my mortgage application. Well, there a relief.
