EURUSD remains under pressure ahead of the FOMC meeting. The key support area to watch today is 1.1680. The currency pair has been moving lower since June, largely due to a broad strengthening in the US dollar.
Boris Johnson or move Britain via another referendum that could eventually change the decision to
transmit the European Union.
UK shares and European shares rose slightly on Thursday as investors awaited the outcome of a
general election in Britain that will decide the fate of Brexit, as well as a policy meeting by the
European Central Bank (ECB).
Oil prices rose on Thursday, recouping some of the losses from the previous session that followed a surprise increase in U.S. crude inventories, as the market mood switched to relief after OPEC forecast a supply deficit next year.
The Pound is trading optimistic early on Thursday against the US dollar as the
elections in a bid to make a final decision on the issue of Brexit.
weeks on Thursday, as the Federal Reserve’s forecast that it would hold rates through 2020 sparked
an unwinding of long positions in the greenback.
Gold prices are trading steady early on Thursday after the Fed’s latest policy meeting revealed no
surprises in the markets. Gold is often considered a safe
and financial uncertainty.
UK general election preview:
Today’s UK general election is going to
and Labour parties have dominated British politics for many years. However, fractures into “Leave”
and “Remain” camps run through both main parties, making future voting patterns less predictable
than ever. The most recent YouGov poll has predicted a Conservative majority of 28 in the Parliament,
significantly lower than the majority of 68 predicted about a month ago.
ECB Meeting : 13:30 GMT:
Former Managing Director of the International Monetary Fund Christine Lagarde delivers her first
monetary policy announcements as ECB president on Thursday. Markets are not expecting any
changes to monetary policy after the ECB announced fresh stimulus in September.
AUD/NZD: As per our recommendation the pair trading above 1.0455 today. We suggest to book
partial profit and wait for the next target.
GOLD: As we witnessed gold found the short term support below 1460 and the yellow metal trading
above 1474$ today morning. Today due uncertainty events we recommend to book your profit and
wait for further direction.
Today we have important events like UK general election and ECB final meeting of 2019 due these events we may experience significant volatility with increased risk of market gaps so we recommend to our clients have sufficient margin coverage and comfortable with your exposure on your account.
Manchester united stock received strong bullish momentum recently after the Portuguese star Cristiano Ronaldo return to Old Trafford. $MANU has risen more than 6% since the beginning of the year.
GAP shares rose more than 8% in extended trading after the company reported stronger-than-expected Q2 results and the stock climbed 30% in 2021.
US dollar investors focus now shifts to the second reading of the second-quarter US GDP numbers, which is set to be released later today.