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Pound Steady as Markets Relieved Over Macron Win

GBP/USD has edged lower in the Monday session. In North American trade, GBP/USD is trading at 1.2940. It's a very quiet start to the week, with no major releases out of the UK or the US. On Sunday, Emmanuel Macron easily defeated Marie Le Pen to win the French presidential election.
It was a clean sweep for PMI reports last week, as the Manufacturing, Construction and Services PMIs all beat their estimates. These releases underscore a solid British economy, despite continuing jitters over Britai…
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EUR/USD Weekly

EUR/USD's rise resumed last week and reached as high as 1.0999 last week. Further rise would be seen to 1.1058 projection level. But we maintain that rise from 1.0339 is a corrective move. Hence, we'd expect strong resistance around 1.1058 to limit upside to bring near term reversal.
Initial bias in EUR/USD remains on the upside this week. Current rally would be seen to 100% projection of 1.0339 to 1.0828 from 1.0569 at 1.1058. At this point, rise from 1.0339 is still seen as a corrective move. …
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Homebuilder Confidence Falls in April

The NAHB/Wells Fargo Housing Market Index fell 3 points in April as all components declined on the month. Despite the dip, the index remains at a level consistent with continued gains in new home construction.
Despite Dip, Sentiment Remains Solid

After hitting a fresh cycle-high in March, the NAHB Housing Market Index (HMI) fell 3 points in April to 68. All three HMI components edged lower on the month. The current sales and expected sales measures each fell 3 points.
Despite the pull-back, con…
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USD/CAD

USD/CAD - 1.3288
Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700
Trend: Near term up
Although the greenback has fallen again today and test of previous support at 1.3264 is likely, loss of near term downward momentum should prevent sharp fall how 1.3235-40 (61.8% Fibonacci retracement of 1.3056-1.3535) and reckon 1.3200 would hold on first testing, risk from there has increased for a rebound to take place soon.
In view of t…
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Yuliya_N avatar
Yuliya_N 13 Apr.

yes, it can be

Andreia avatar
Andreia 17 Apr.

Muito bom

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