With US Earnings season kicking off this week with JP Morgan expected to open the season announcement on Thursday 14th July. With US CPI and Retail Sales data also expected later in the week on Wednesday and Friday respectively, Exness Senior Market Analyst Terence Hove advised that “we are likely to see volatility in the…
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On the chart, the picture is generally neutral aparts from moving averages. Volume is low so far this week and the slow stochastic is almost exactly neutral at just above 50. The 50 SMA is the main technical reference at the moment, with movement above there unlikely unless traders receive positive new information of some…
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The following article was submitted by Michael Stark, market analyst at Exness. The most important regular data for financial markets this week is tomorrow’s claimant count change from the UK. Other key releases due this week are ZEW sentiment from Germany plus annual inflation in Canada, Japan, Sweden and the UK. One of the biggest…
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The Venezuelan government recently introduced a state-backed digital coin, called Petro. The country has been facing economic downturn and the Venezuelan President, Nicolas Maduro, introduced the oil-backed digital coin to fight the dying economy. Back in the summer of 2018, the situation in Venezuela was so critical that people had to line with days for food…
Read moreA Thomson Reuters special report, Projected 2017 Inflation-Adjusted Tax Brackets and Other Key Figures, demonstrates that, despite modest inflation in the past year, tax brackets will be adjusted upward in 2017, easing the tax burden slightly for many taxpayers. The adjustments prevent the loss of tax benefits due solely to inflation. The report provides a…
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