Brexit Nowhere Near A Solution?
21 Years ago | March 31, 2019 3/22/23, 12:00 AM
John M. Bland, MBA, co-founder, Global- View.com
Brexit Talks At An Impasse Uncertainty about the U.K. Brexit decision continues to hang over the markets as the U.K. Parliament remains at an impasse on Prime Minister May’s Brexit deal. It is looking as though Commons might vote on Brexit again on Friday, but even that is uncertain after having rejected her deal with the EU twice by large majorities. If there is a vote on Friday, expectations are it will fail for a third time barring a backroom deal with key factions that may be sitting on the fence. If PM May fails again to get her plan approved, she might finally resign. She cannot be forced out by her party at the present time, but could finally step down on her own accord due to pressures within her own party. Recently, the “drop dead” date for an agreement with EU has been extended to April 12 from March 31. It might be time for the U.K. to try someone else in the job who is willing to take a new approach both in Parliament and with the EU to break the impasse.
Worries about the German/EU Economy Continue to Mount.Recent economic data out of Europe and Germany and the EU have seen the yield on the benchmark 10-yr bund slip into negative territory to about a negative -0.600% level. This means investors have to PAY for the privilege of purchasing a German bond for 10-yrs. Also the EURUSD has turned weak. Forex trade has come to be dominated by the EURGBP in recent months as investors move in and out of the GBP and EUR on the latest Brexit headlines. The EUR periodically has been used as a refuge from the GBP when Brexit talks become rocky. ALERT: We just got a report that there will not be a “Meaningful Vote” Friday on Brexit. It appears talks remain deadlocked.
Be sure to refer every trading day to the Global-View forex trading website to see the continuously UPDATED International Economic and Events Calendar and the Forex Forum for the complete list of key items (actual economic and central bank data, selected charts, etc.) as they are released. Since 1997, Global-View.com has been featuring live discussions by active traders of current developments in the forex market in a convenient timeline format.
GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium
Mon 1 Apr 2019
A all day Final PMIs
Tue 2 Apr 2019
A all day Final PMIs
AA 01:30 AU- RBA Decision
AA 11:00- EZ- flash HICP
AA 12:30- US- Durable Goods
Wed 3 Apr 2019
A all day Final PMIs
A 12:15- US- ADP Jobs
A 13:15 US- ADP Payrolls
A 16:00 EZ- EIA Crude
Thu 4 Apr 2019
A 13:30 US- Weekly Jobless
Fri 5 Apr 2019
AA 13:30 US/CA- Employment
