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Market View

Market Recap – Boris Johnson Brexit deal

Wednesday, October 16, 2019 10:49 AM GMT

A publishable deal between Boris Johnson’s team and the EU negotiators has been reached. The prospect of a deal being signed, on the two-day EU summit on Thursday or Friday, is real. The question becomes what would be the House of Commons reaction. Will they ratify it or not? GBP is strengthening with GBPUSD crossing north the 200 day moving average.

Mike Pence, the US Vice President and Mike Pompeo, US Secretary of State will visit the Turkish President, Recep Tayyip Erdogan to negotiate a ceasefire in Syria.

Goldman Sachs profits dropped by 26% y/y, JPMorgan earnings rised by 8%, Citigroup earnings bit expectations. Financial markets sent all three stock prices higher. Today it is Netflix turn to publish its 3Q19 earnings.

Macro releases: Yesterdays European and German economic sentiment got worse. Both the Chinese new loans and increased M2, validate the scenario that China has taken the necessary actions to support its economy. Today’s economic agenda includes UK’s, EU’s and Canadian inflation readings.


The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

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