Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» If i am the EPF buyer,I will go for PLC
by Miss-Sangeetha Today at 12:06 am

» BFN බොරු සෙලින් දාලා කොහොම හරි 11 වගේ ගානට 500000 එකතු කරගන්න කියලා අර 14 ට ලක්ශයක් සෙලින් දැම්මේ මේ ටේලර් මහත්තයාම තමයි
by Teller Yesterday at 11:00 pm

» lOFC definitely will hit 6/-
by Teller Yesterday at 8:46 pm

» Loss-making stockbrokers may not last six months
by samaritan Yesterday at 2:08 pm

» Why we should buy AEL.N0000…?
by karuna2 Yesterday at 1:27 pm

» ECL wAS 2.8 Last week Today 4.7 .Whats Next? Acme?
by karuna2 Yesterday at 1:23 pm

» IDL IDL IDL
by Teller Sat Jun 15, 2019 6:18 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Sat Jun 15, 2019 7:18 am

» RICH is not bad @ 9/-
by Teller Sat Jun 15, 2019 2:52 am

» Look APLA its trending to 98LKR
by Teller Sat Jun 15, 2019 2:24 am

» WATA future looks good
by Teller Sat Jun 15, 2019 2:16 am

» SAMP Oversubscribed?
by Teller Sat Jun 15, 2019 2:13 am

» Apple Lost Sales in Europe to Chinese Firms Ahead of US Huawei Crackdown
by Teller Sat Jun 15, 2019 1:44 am

» Market is On The Rise.Market PER 8.5, EPF Has entered the market curently they are buying AEL (Access Enginering)There'r lot of counters. Rich,TkyoAsir,Amsl,Osea.CINV.EXPO,JINS and Tyre.good luck
by wisdom79 Fri Jun 14, 2019 7:55 pm

» Keep eye on Politics
by samaritan Fri Jun 14, 2019 1:06 pm

» Market will test 4700
by Yahapalanaya Fri Jun 14, 2019 10:42 am

» NEXT RUN People's leasing and Finance WAIT AND WATCH ENJOY RIDE..
by ddrperera Thu Jun 13, 2019 9:25 pm

» EPF Investment in Unquated copmanies .Who is responsible Previous Centeral Bank Governer and Former Regime.
by Capton KIng Cool Thu Jun 13, 2019 9:05 am

» PDL (Property Development)
by Capton KIng Cool Thu Jun 13, 2019 8:51 am

» EAST Steady at 18
by Cricketman Thu Jun 13, 2019 5:28 am

» Guys what happen these days
by Yahapalanaya Thu Jun 13, 2019 2:29 am

» its right time to buy PHAR@700
by Teller Thu Jun 13, 2019 12:50 am

» Look PAP Amazing company
by Teller Thu Jun 13, 2019 12:46 am

» Sri Lanka stocks end at near 1-month high on local buying; rupee gains
by Teller Thu Jun 13, 2019 12:33 am

» Maharaja ASI
by karuna2 Wed Jun 12, 2019 9:36 pm

» From 10th Onward no more Phillip only Asha securities lts before login go to setting and remove phillip and aply then it will work Good luck
by Yahapalanaya Wed Jun 12, 2019 5:25 pm

» ALHP WILL MOVE UP from next MONDAY
by Teller Wed Jun 12, 2019 4:20 pm

» PDL revised exit offer
by krishna Wed Jun 12, 2019 10:55 am

» ASHAPHILLIP SECURITIES
by Yahapalanaya Wed Jun 12, 2019 9:42 am

» Will CTC be effected?
by Yahapalanaya Wed Jun 12, 2019 6:48 am

» Guys Look for DPL@5.20
by Teller Wed Jun 12, 2019 2:36 am

» AEL GOOD BUY
by wisdom79 Tue Jun 11, 2019 8:47 pm

» Colombo Bourse reports the ‘Second Lowest Daily Turnover’ for the year 2019
by Miss-Sangeetha Mon Jun 10, 2019 8:25 pm

» What a Joke? who will invest in Sri lanka?
by Teller Sun Jun 09, 2019 7:30 pm

» senior citizen Interest Subsidy arrears of 33 billion rupees
by samaritan Sat Jun 08, 2019 11:48 am

» Dhammika also resposible this
by samaritan Sat Jun 08, 2019 9:47 am

» COLO.N https://www.cse.lk/home/company-info/COLO.N0000/announcementsNew
by Yahapalanaya Sat Jun 08, 2019 2:08 am

» Dark times - Sampath Bank
by samaritan Fri Jun 07, 2019 1:03 pm

» AAIC will kill investors money within 15 years
by wisdom79 Fri Jun 07, 2019 12:21 pm

» I couldn't log from Dubai
by Teller Thu Jun 06, 2019 7:12 pm

» Sri Lanka stocks extend fall despite rate cut in thin trade; rupee steady
by Teller Thu Jun 06, 2019 7:10 pm

» Why beg sirisena?
by Teller Thu Jun 06, 2019 7:02 pm

» Be vegetarian
by nuwanmja Wed Jun 05, 2019 11:48 am


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Political and Socio-Economic Analysis » EUR/USD is in a downtrend and needs to clear 1.1650

EUR/USD is in a downtrend and needs to clear 1.1650

Go down  Message [Page 1 of 1]

GersonH


Stock Analytic
Stock Analytic
EUR/USD remained under pressure on the back of weaker German industrial production. Economists were hoping that industrial production would rebound in August after falling sharply in July but instead it contracted for the third consecutive month. Despite positive and in some ways hawkish comments from ECB officials, we haven’t seen consistent improvements in Eurozone data. Also, as reported by our colleague Boris Schlossberg, “the concerns over Italian budget crisis have investors in a frenzy despite reassurances by deputy PM Matteo Salvini that the government has no plans on leaving the euro. Italian yields spiked to 4.5% on the benchmark 10 year – a dynamic that is only likely to make it more difficult for the country to rebound from its economic rut. The rise in Italian yields is also likely to affect the ECB, which just saw its balance sheet deteriorate markedly and if these flows persist, it may have to postpone plans to commence the taper despite constant assurances to the contrary.” Technically, EUR/USD is in a downtrend and needs to clear 1.1650 to preclude a moved down to 1.13.

Sterling on the other hand refuses to fall as investors hope for an agreement on the Irish border. This is an important week for the UK – not only will the latest trade balance, industrial production and monthly GDP report be released but EU Chief Negotiator Barnier is scheduled to formally present their “super charged” trade proposal on Wednesday. We’ll have to see how the UK responds but if Monday’s comments are a guide, then acceptance of their offer probably won’t happen this week. According to a UK official, there are many big unresolved issues and if you recall last week, Prime Minister May made it clear that a no-deal Brexit is still in the cards.

Despite the losses in China, the Australian and New Zealand dollars rebounded against the greenback while the Canadian dollar slipped back. No economic reports were released from any of these countries but AUD and NZD should have fallen on the back of the sell-off in Chinese equities. Instead, their recovery tells us how deeply oversold these currencies are. However with the U.S. still targeting Chinese trade, we don’t expect significant recoveries for AUD and NZD. The Canadian dollar on the other hand should rally with the market pricing in 100% chance of a rate hike by the Bank of Canada this month. The Hurricane brewing in the Gulf could also drive up oil prices, which would put additional pressure on the loonie. See more https://alpari.com/en/platforms/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum