EUR/USD drifted to the upside, driven by the dollar’s weakness. Is there more to come? The big event of the upcoming week is the French elections, followed by the ECB decision. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The latest polls towards the first round of the French…
A lot of folks have a hard time keeping track of flows data and an even harder time interpreting it. Fortunately, we’ve seen at least two instances over the past six weeks of outflows from particular asset classes that are so large as to be idiot-proof in terms of interpretation. Recall the mass exodus from HY last…
In 1830, France was once more swept up in revolution, only this time at the end of it was installed one king to replace another. Louis-Phillipe became, in fact, France’s last king as a result of that July Revolution. The country was trying to make sense of its imperial past with the growing democratic sentiments…
France’s upcoming presidential election is a major test for European unity. For traders, it is also indicated a possible trend for Euroscepticism in a region that is growing more hostile to integration. When it comes to the French elections, there is no shortage of scary outcomes from a financial perspective. The biggest risk is undoubtedly…
Oil is headed for its biggest weekly loss since early March as signs that OPEC will continue with output reductions are offset by growing U.S. production and inventory gluts. Having tried and failed to spark some momentum yesterday (via Saudi jawboning and Goldman confidence), WTI Crude just plunged below $50 for the first time since March. “It…
Vascular Biogenics Ltd. (VBLT), a clinical-stage biopharmaceutical company yesterday announced positive results from the Data Safety Monitoring Committee (DSMC) of the company’s phase 3 GLOBE trial of VB-111. The DSMC is an independent group that reviews the safety concerns and provides recommendations for trial continuations. VB-111 is a biologic agent that targets solid tumors. The…
Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.07114 Opening: 1.07163 Chg. % Of the last day: +0.06 Daily range: 1.07064 – 1.07240 52-week range: 1.0366 – 1.1616 Yesterday’s trading on EUR/USD was very active. At the same time, a unidirectional trend was not observed. Despite the weak statistics from the…
EUR/USD is holding its breath but beginning to show signs of worry towards the French elections. What’s the trade? Here is their view, courtesy of eFXnews: Going into the first round of the French elections on Sunday, BTMU FX Strategy Research’s base case for a higher EUR is mainly based on the assumption that neither Le…
The headlines for existing home sales growth pace declined improved saying “finding available properties to buy continues to be a strenuous task for many buyers, there was enough of a monthly increase in listings in March for sales to muster a strong gain”. Our analysis of the unadjusted data agrees. Analyst Opinion of Existing Home…
Watch list stocks to trade Long Netflix (NFLX) Long Berry Plastics Group (BERY) Short BorgWarner (BWA)
