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General Motors To Pull Out Of India On Weak Market Share
There were many factors for General Motors not being able to focus on the market in India. Some of those issues came way before the expansion plan was announced. Still, it had a negative effect on operations in India.
Daily Trading Opportunities - Tuesday, May 23
During the session on Tuesday, we get several announcements coming out of Europe that could move the marketplace, almost all of which have to do with PMI figures. We also get new home construction figures coming out of the United States.
Top 4 Trading Assets To Watch This Week - Monday, May 22
The fundamentals of the US economy remain sound and concerns about the US president’s unhinged behavior played second fiddle to what many believe are value-driven stocks.
Market In Review: Dollar Slides On Trump Woes
Dollar investors suffered quite a selloff last week. The U.S. currency weakened by 2.5% vs. the Euro Monday to Friday – the largest weekly decline for the Dollar vs. the Euro since February of last year.
Daily Trading Opportunities - Monday, May 22
With an almost nonexistent economic calendar during the day on Monday, this should end up being a relatively technical session.
Daily Trading Opportunities - Friday, May 19
There is very little on the economic calendar to move the market today, and most of it comes from Canada. Because of this, it should be a technically driven session.
Gold Gains As U.S. Political Fear Ignites
The final item that traders should keep an eye on would be the Fed itself. A Fed rate hike would likely pit the U.S. dollar higher. That will definitely cause gold to drop.
Daily Trading Opportunities - Thursday, May 18
The US dollar continues to find the 1.36 level interesting, and with this being the case we could get a bit of a bounce if the call buyers get a bit more aggressive.
The GBP/USD Pair Is Softening Somewhat
Retail currency traders can’t seem to make up their minds which way they are going with the USD. The GBP/USD pair is currently flying high at 1.2902, well ahead of the 50-day moving average and the 200-day moving average.
Daily Trading Opportunities - Wednesday, May 17
With the CPI, employment numbers, and crude oil figures coming out during the day, there should be plenty of economic announcements for the trade globally.
Daily Trading Opportunities - Tuesday, May 16
Gold markets continue to rally, but have the $1240 level to think about. Currently, we are still consolidating between $1215 level on the bottom, and $1240 level on the top.
Trading Alibaba Ahead Of Q4 Earnings
Alibaba is set to report 4th quarter earnings this week. Many analysts are forecasting a strong quarter. What may be driving huge growth is Alibaba’s Cloud product.
Top 4 Assets To Watch This Week – Monday, May 15
The FTSE 100 index is showing increasing resilience, despite mixed economic data from the UK. Recall that the FTSE 100 index always rises when the GBP declines.
Daily Trading Opportunities - Monday, May 15
During the session on Monday, there isn’t much as far as headline announcements coming out that should move this market, and that being the case it’s likely that we will continue to move upon technicals.
Markets In Review: Markets Slide On Weaker U.S. Macro
Following some hiccups, the adage to sell in May proved correct, as three consecutive weekly gains for the S&P ended with a 0.35% decline Mon-Fri. Selling pressure began to mount towards the weekend, amid lackluster indicators in the U.S. economy.
Economic Events Of The Coming Week - Sunday, May 14
On Wednesday, March Machine Orders data will be released in Japan. In the U.K., April’s Claimant Count Rate will see light, as will Jobless claims data and Unemployment, the latter currently pointing to 4.7%.
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