×

Mrs. May and her Plan B

Weekly Report - 21/01/2019

Mrs. May focuses on Plan B and will mark down her intentions today

brexit-deal-plan-b


The UK wants and hopes for an extension and a deal for Parliament to vote for on the 29th of this month. The prime minister will speak to the Commons this evening. She will mark down her intentions on how she is going to proceed with the Brexit departure deal. We can anticipate that the GBP is going to be particularly susceptible to chatter from Parliament. If there’s no discussion of expansion and plan B fails then the Pound may be in serious trouble.

The Week that was


Last Friday the U.S. stock index futures pointed towards a more bullish mood while investors were analyzing the news that President Donald Trump’s administration may reduce taxes imposed on China.

NASDAQ and S&P 500 futures rose while the Dow futures gained about 78 points, showing a positive start of more than 60 points. On Thursday the stock market closed above following the Wall Street Journal report that the U.S. could reduce trade taxes versus China.

popup_close
dow-mar19-h1-6

Main Focus This Week


The key stats for the greenback are the following: On Tuesday we will have the prelim January private sector, PMI December existing home sales, the weekly jobless claims figures on Thursday and on Friday advanced December durable goods figures while for the Pound, key stats are restricted to employment numbers coming out on Tuesday and January industrial trend orders on Wednesday. Now the main problem for President Trump is about the longest government shutdown in U.S history. The effects of this serious matter has started to hit the economy and, if there’s no resolution soon the popular USD may start to fade.

popup_close
usndx-mar19h1-9

This website uses cookies to ensure best possible user experience. Read more

Acccept

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

79% of retail CFD accounts lose money. Read more

X