EURUSD: Momentum trying hard to turn bullish..Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

EURUSD SHORT TERM TRADER: Long at 1.1245; stop below 1.1170. Target 1.1380.

EURUSD POSITION TAKER: Long at 1.1225; stop below 1.1170. Target 1.1425

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Another bank fined $1.1 billion
London listed Standard Chartered, this time

Yesterday Standard Chartered bank agreed to a $1.1 billion fine covering both the UK and US authorities, the second biggest ever for sanctions busting. They are accused of assisting Iranian controlled operations in Dubai, and the FCA claims their controls were ‘narrow, slow and reactive’.

As they do all too frequently, the IMF has again cut estimates for global economic growth for 2019 to 3.3 per cent from a previously touted 3.5 per cent – and then recover to 3.6 per cent growth in 2020. The usual ‘jam tomorrow’. They blame trade tensions and lack of deals in the pipeline, potentially higher interest rates, and Brexit.

Financial Markets and Political Commentary
 

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