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8 Jan 2020

EUR/GBP is trying to recover – Commerzbank

According to Karen Jones, analyst at Commerzbank, EUR/GBP is trying to recover but its path is blocked by the 5 month downtrend at .8575 and the 55 day ma at .8539.

Key Quotes

“Near term while capped here, a negative bias will persist. We will err on the bearish side and allow for another failure and possible retest of the .8239 recent low, together with the 55 quarter moving average at .8226. Above the .8609 December high would allow for a test of the 200 day ma at .8783.”

“Below .8226 remain the June and October 2012 highs as well as the April 2016 high and the January and February 2014 lows at .8167/18.”

Jan 8, 2020

Singapore: Resilience amid low growth – Standard Chartered

Analysts at Standrad Chartered are expecting Singapore’s growth to pick up slightly in 2020 from 2019, but remain below trend. Key Quotes “Private con
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Jan 8, 2020

Iraqi PM: Received no reports of casualties from Iraqi military or US-led coalition

Iraq hasn't received any reports of casualties from Iraqi military or the US-led coalition, Iraqi Prime Minister Adel Abdul Mahdi said on Tuesday and
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