Everest Fortune Group | Daily Analysis: 24 May 2019
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Daily Analysis: 24 May 2019

Daily Analysis: 24 May 2019

USD

 

Fundamental Analysis

(24 May): USD is on a winning streak but slipped on Thursday’s weak print of Markit Manufacturing PMI and Service PMI. The soft print is showcasing that the trade tensions are affecting business confidence. The drop in the confidence is not small that not only manufacturing but services industry are also affected. 

 

 

(23 May): Sterling slid to its 4 month low amid rising political uncertainty with pressure mounting on Theresa May to step down within days after her Brexit plan was rejected, increasing prospects of a pro-Brexit hardliner succeeding her, boosting risks of a hard or no-deal Brexit. 

 

 

 

 

 

 

Technical Analysis

CHF

Fundamental Analysis

(24 May): USD is on a winning streak but slipped on Thursday’s weak print of Markit Manufacturing PMI and Service PMI. The soft print is showcasing that the trade tensions are affecting business confidence. The drop in the confidence is not small that not only manufacturing but services industry are also affected. 

 

 

(23 May): Sterling slid to its 4 month low amid rising political uncertainty with pressure mounting on Theresa May to step down within days after her Brexit plan was rejected, increasing prospects of a pro-Brexit hardliner succeeding her, boosting risks of a hard or no-deal Brexit.

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