GBP News Reviews 

GBP Daily Review December 19, 2018

GBP Daily Review for December 19, 2018 EUR/USD and GBP/USD Forecast December 19, 2018 The Euro rallied initially during trading on Tuesday but gave back quite a bit of gains as the 1.14 level has offered so much in the way of resistance. There…   EUR/GBP Technical Analysis: Descending triangle breakout likely The EUR/GBP pair’s persistent defense of key rising trendline could embolden the bulls to take out the resistance or the upper edge of the descending   GBP/USD rising slowly towards 1.2700, but Brexit remains a roadblock GBP/USD is…

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News 

Unprecedented pact on spill in Columbia and Snake rivers draws skepticism, praise

“Spill in comparative survival analysis has shown to help boost survival of salmon in their travel through the hydropower system” writes Lynda V for seattletimes.com. The three-year agreement, reached after months of negotiations, enables increased spill for fish to swoosh over dams (instead of going through powerhouses) during hours when power prices are low.The signing of the agreement does not end controversy over spilling water to help salmon. Guy Norman, a member of the Northwest Power and Planning Conservation Council representing Washington state, said that NOAA Fisheries has yet to conduct…

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News 

Kushner earns praise for support of criminal justice reform

“For Kushner, the criminal justice issue has long been deeply personal” writes The Associated Press for seattletimes.com. Revamping criminal justice, they say, was a unique and rare area of consensus. “The fact of the matter is that many of the policies of the Trump administration are squarely at odds with ACLU principles.But in White House conference rooms and lobbying trips to Capitol Hill, Kushner worked with advocates, legislators and others on both sides of the aisle to try to craft a deal to make the nation’s criminal justice system fairer.The…

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Heads-up News 

London Trading Session Heads Up Wednesday, December 19, 2018

London opening news digest Gold Prices May Drop as Fed Disappoints Hopes for Dovish Pivot Gold prices may drop as Federal Reserve officials disappoint hopes for a dovish turn in monetary policy, hinting that several rate hikes are still in   Asian Stocks Mixed As Markets Wait For Fed, USD Pressured Investors think that the US central bank will raise rates once more on Wednesday, but stocks were supported by expectations of a more measured hiking   USD/INR: Rupee jumps to three-week highs near 69.85 The Indian National Rupee (INR)…

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Markets News Oil 

Boeing sees Indian carriers ordering up to 2,300 planes over two decades

“Boeing expects single-aisle planes, such as its 737 MAX, to account for 84 percent of global planemakers’ new jet deliveries to India from 2018-2037, higher than the global average” reports businessinsider.com. “India sees dramatic fares and discounts and that is going to hurt airlines more and more,” Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes, told reporters on Wednesday.India is one of the world’s fastest-growing aviation markets, with domestic passenger traffic growing at around 20 percent in recent years, and Boeing expects it to…

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Markets News 

Italian bonds cheer reports on end of budget deficit debate

“Talking about Italy’s debt problems” reports forexlive.com. With the news above, the yields spread between Italian and German 10-year bonds have also tightened to 259 bps on the day.All this of course comes after the reports of the European Commission said to have accepted Conte’s proposal of a deficit target of 2.04% next year.While all this budget news may sound positive on the front of it, let’s not forget that at the end of the day, a target is after all just a ‘target’. Source: forexlive.com Share This:

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News 

EUR/USD moves to session high, approaches the 1.14 handle… again

“Right now, price is running up to a high of 1.1395 and is approaching the 1.1400 handle again” reports forexlive.com. The pair continues to sit in its comfort zone of between 1.1300 and 1.1400 this week and the upper boundary is helping to limit gains so far as evident by yesterday’s trading.Besides the 1.1400 handle, there is also decent swing region resistance lurking just above at 1.1410-20 for sellers to lean on further in any case so I reckon that will keep price action contained ahead of the key event…

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News Stocks 

Tribune stock tumbles after McClatchy bid dies

“Bloomberg reported that the McClatchy bid that was rejected was to include mostly cash and some stock, valuing Tribune at $16.50 a share” writes Keith J for nypost.com. News that the McClatchy bid for Tribune Publishing is dead as a doornail sent the stock spiraling to another new 52-week low on Tuesday — slumping to $12.40 a share before closing at $12.45, down 4.1 percent.But another line in the fast-flying rumor mill around the collapsed deal says that LA Times owner Patrick Soon-Shiong, who still owns 25 percent of Tribune…

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Crypto News 

France Rejects Crypto-Friendly Taxation Policies

“France has gotten in the way of a long list of new crypto-friendly tax regulations that seek to provide cryptocurrency merchants and their customers with more profits” writes Nick Marinoff for livebitcoinnews.com. The French Nationwide Meeting rejected the regulations on Monday, believing that the present rate of tax exemptions is fair, and thus warrant no changes.Surprisingly, one amendment left out of the Meeting was a 30 percent flat tax set to be implemented for all cryptocurrency transactions.Will France eventually see the light when it comes to cryptocurrency?.  Source: livebitcoinnews.com Share…

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News 

French Protests spread to Spain

“Over the weekend, yellow vest protests spread to Canada and Spain, and protesters wearing yellow vests took the streets in various cities across the two countries on Saturday” reports tehrantimes.com. In the past, economic and social protests in the European Union began in countries like Greece and Spain and spread to other countries.This was proven during protests that took place after the economic crisis, and from 2007 to 2010 in Europe.Because the current economic crisis in Spain is so severe that he can’t offer many concessions to the protesters. Source: tehrantimes.com…

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