Deepika and Ranveer will enter matrimony on November 14 and 15.
Reported by Zee News 15 hours ago.
Ranveer Singh and Deepika Padukone's wedding preparations begin in Italy—Pic
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Italy working on legislative proposal to create single network company - sources
Italy is working on a legislative proposal to create a single broadband network company, two sources familiar with the matter said on Sunday, in a move that would put pressure on Telecom Italia and Open Fiber to merge their infrastructures.
Reported by Reuters India 14 hours ago.
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Taxpayers spend thousands for top legal figures to jet overseas to hear each other speak
Top Qld law officers among those who headed for Italy to listen to lectures from Australian colleagues.
Reported by Brisbane Times 14 hours ago.
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Lawyers want to question Love Island's Megan Barton Hanson about Celebrity Big Brother star Chloe Ayling's kidnapping
Megan may have to be quizzed on her pal Chloe [Mark Milan/GC Images] Love Island's Megan Barton Hanson could be summoned to court to be questioned on her relationship with fellow pal Chloe Ayling. Megan’s 20 year old model friend hit headlines this year after she was kidnapped, while attending a photo shoot in Milan, Italy in July 2017. The busty blonde’s kidnapper Michal Herba, 37, was jailed for 16 years but denies the kidnap and claims the Celebrity Big ...
Reported by OK! 13 hours ago.
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Deepika Padukone-Ranveer Singh Wedding Preparations Begin at Lake Como, Here’s the First Pic
Deepika Padukone and Ranveer Sing are just three days away from tying the knot at the exotic Lake Como in Italy. …read more Source:: NEWS 18
The post Deepika Padukone-Ranveer Singh Wedding Preparations Begin at Lake Como, Here’s the First Pic appeared first on Bollywood latest news. Reported by Filmy Friday 13 hours ago.
The post Deepika Padukone-Ranveer Singh Wedding Preparations Begin at Lake Como, Here’s the First Pic appeared first on Bollywood latest news. Reported by Filmy Friday 13 hours ago.
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Patriotism is opposite of nationalism; nationalism is betrayal of patriotism: Emmanuel Macron
French President Emmanuel Macron used an address to world leaders gathered in Paris for Armistice commemorations on Sunday to send a stern message about the dangers of nationalism, calling it a betrayal of moral values.
With U.S. President Donald Trump and Russian President Vladimir Putin sitting just a few feet away listening to the speech via translation earpieces, Macron denounced those who evoke nationalist sentiment to disadvantage others.
"Patriotism is the exact opposite of nationalism: nationalism is a betrayal of patriotism," Macron said in a 20-minute address delivered from under the Arc de Triomphe to mark the 100th anniversary of the end of World War One.
"By pursuing our own interests first, with no regard to others', we erase the very thing that a nation holds most precious, that which gives it life and makes it great: its moral values."
Trump, who has pursued "America First" policies since entering the White House and in the run-up to the congressional elections this month declared himself a "nationalist", sat still and stony-faced in the front row as Macron spoke.
There was no immediate response from either the White House or the Kremlin to Macron's comments.
"OLD DEMONS"
In the week ahead of Sunday's commemoration, Macron spent time touring World War One battlefields in northern and eastern France, repeatedly warning in speeches of the resurgence of nationalism, saying it threatened the unity so carefully rebuilt in Europe over the past 70 years.
In one interview, he compared the political tone now to the 1930s, saying complacency towards unbridled nationalism then had opened the way for the rise of Hitler.
In part, his warnings seemed aimed at far-right parties that have gained ground across Europe in recent elections, including in France, where the National Front, now renamed the National Rally, has nudged ahead of Macron's En Marche movement in the polls ahead of European Parliament elections next May.
Besides France, right-wing nationalist or populist parties are on the rise or now have a stake in power in Italy, Hungary, Poland, Austria and Slovenia, among others.
There has been a similar resurgence in nationalist-populist sentiment from Brazil to Turkey and the Philippines, echoing trends in Russia and the United States and challenging the multilateralism that leaders like Macron are keen to preserve.
In his address on Sunday, Macron said that "old demons are reawakening" and warned against ignoring the past.
"History sometimes threatens to repeat its tragic patterns, and undermine the legacy of peace we thought we had sealed with the blood of our ancestors," he said.
"We're giving all of our wealth, all of our money, to other countries and then they don't treat us properly," he said.
"For many years other countries that are allies of ours... they have not treated our country fairly. So in that sense, I am absolutely a nationalist and I'm proud of it." (Additional reporting by Richard Lough and Laurence Frost; Editing by Laurence Frost)
Article Type:
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Sun, 11 Nov 2018-07:54pm
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Sunday, 11 November 2018 - 7:54pm
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From Print Edition:
Highlights: Reported by DNA 11 hours ago.
With U.S. President Donald Trump and Russian President Vladimir Putin sitting just a few feet away listening to the speech via translation earpieces, Macron denounced those who evoke nationalist sentiment to disadvantage others.
"Patriotism is the exact opposite of nationalism: nationalism is a betrayal of patriotism," Macron said in a 20-minute address delivered from under the Arc de Triomphe to mark the 100th anniversary of the end of World War One.
"By pursuing our own interests first, with no regard to others', we erase the very thing that a nation holds most precious, that which gives it life and makes it great: its moral values."
Trump, who has pursued "America First" policies since entering the White House and in the run-up to the congressional elections this month declared himself a "nationalist", sat still and stony-faced in the front row as Macron spoke.
There was no immediate response from either the White House or the Kremlin to Macron's comments.
"OLD DEMONS"
In the week ahead of Sunday's commemoration, Macron spent time touring World War One battlefields in northern and eastern France, repeatedly warning in speeches of the resurgence of nationalism, saying it threatened the unity so carefully rebuilt in Europe over the past 70 years.
In one interview, he compared the political tone now to the 1930s, saying complacency towards unbridled nationalism then had opened the way for the rise of Hitler.
In part, his warnings seemed aimed at far-right parties that have gained ground across Europe in recent elections, including in France, where the National Front, now renamed the National Rally, has nudged ahead of Macron's En Marche movement in the polls ahead of European Parliament elections next May.
Besides France, right-wing nationalist or populist parties are on the rise or now have a stake in power in Italy, Hungary, Poland, Austria and Slovenia, among others.
There has been a similar resurgence in nationalist-populist sentiment from Brazil to Turkey and the Philippines, echoing trends in Russia and the United States and challenging the multilateralism that leaders like Macron are keen to preserve.
In his address on Sunday, Macron said that "old demons are reawakening" and warned against ignoring the past.
"History sometimes threatens to repeat its tragic patterns, and undermine the legacy of peace we thought we had sealed with the blood of our ancestors," he said.
"We're giving all of our wealth, all of our money, to other countries and then they don't treat us properly," he said.
"For many years other countries that are allies of ours... they have not treated our country fairly. So in that sense, I am absolutely a nationalist and I'm proud of it." (Additional reporting by Richard Lough and Laurence Frost; Editing by Laurence Frost)
Article Type:
Report
Sections:
World
Agencies:
Reuters
Tags:
Emmanuel Macron
Donald Trump
European Parliament
France
PARIS
Reuters
Russia
Vladimir Putin
White House
Austria
Brazil
Hungary
Italy
Philippines
Poland
Slovenia
Turkey
United States
Sun, 11 Nov 2018-07:54pm
Date updated:
Sunday, 11 November 2018 - 7:54pm
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From Print Edition:
Highlights: Reported by DNA 11 hours ago.
↧
Crude Fell 23% In October, Will Stocks Follow?
The near WTI futures price is down 23 percent since peaking on October 3rd as traders front ran the Iranian oil sanctions, which went in to place this week. Fearing spiking oil prices, the U.S. granted waivers to eight of Iran’s largest buyers of crude – China, India, South Korea, Japan, Italy, Greece, Taiwan, and Turkey. KeyStone Cops Markets Now fearing the world is amply supplied, traders are selling crude down and down. The U.S. now produces more oil than Saudi Arabia and Russia. The United States has increased output…
Reported by OilPrice.com 10 hours ago.
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Here’s Everything You Need to Know About Deepika Padukone, Ranveer Singh’s Reception Venue, See Pics
After tying the knot in Italy, Deepika Padukone and Ranveer Singh will move down south to Deepika’s home town Bengaluru to host their reception at The Leela Palace . …read more Source:: NEWS 18
The post Here’s Everything You Need to Know About Deepika Padukone, Ranveer Singh’s Reception Venue, See Pics appeared first on Bollywood latest news. Reported by Filmy Friday 9 hours ago.
The post Here’s Everything You Need to Know About Deepika Padukone, Ranveer Singh’s Reception Venue, See Pics appeared first on Bollywood latest news. Reported by Filmy Friday 9 hours ago.
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Poland's eurosceptic leaders hold joint march with far right groups
Poland's eurosceptic leaders marked a century of national independence on Sunday as around 200,000 people marched through the capital in a parade involving far-right groups and neo-fascist activists from Italy.
Reported by Reuters India 9 hours ago.
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Europe may not be happy with Italy's budget response - Deputy PM Salvini
Deputy Prime Minister Matteo Salvini said on Sunday the European Commission would not be happy with Italy's budget response on Tuesday, but that results of the country's fiscal policy would speak for themselves.
Reported by Reuters India 7 hours ago.
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Rugby: All Blacks call in Ngani Laumape as cover as Sonny Bill Williams ruled out of Ireland test
Sonny Bill Williams is staying on tour, with the All Blacks hopeful he will recover from his shoulder injury to face Italy next week.Williams suffered a grade one AC joint injury 36 minutes into the All Blacks' 16-15 win over England...
Reported by New Zealand Herald 6 hours ago.
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Fx reserve replenishment, elections to keep rupee capped
The global risk sentiment rebounded on the Sino-US trade war thaw, buoyant US employment data and a targeted US waiver from Iranian oil sanctions. The expected result in the US mid-term elections and in the US FOMC's decision also helped.
The US dollar index dropped from 97.20, a 16-month high, on President Trump's willingness to meet with Xi Jinping, General Secretary of the Communist Party of China at the G20 meeting in Argentina to resolve the tariff war. Expectedly in the US mid-terms, Republicans held the Senate but lost control of the House to the Democrats. This result will hinder more tax cuts and fiscal easing but leave President Trump free to continue his trade policies. This might also increase the likelihood of the US economic growth/inflation peaking, reduce the tightening pressure on the Fed and so weaken the US dollar. Later, the US Federal Reserve kept interest rates steady and said the strong growth in jobs and spending kept the economy on track, marred only by a dip in the growth of business investment. It reaffirmed its gradual monetary tightening stance, setting the stage for a rate hike in December.
The Euro continued to be pressured by the EU-Italy budget stand-off, weak Q3 2018 GDP print and German Chancellor Angela Merkel's unwillingness to stand for re-election as CDU party chief. The European Commission's cut in Italian growth forecasts added to investor concerns, keeping the Euro under $1.14.
The Pound firmed up to $1.3174 on optimism that the UK would prepare a Brexit agreement by end of November and on Bank of England's (BoE) inclination to raise interest-rates should the Brexit process go smoothly.
The Yen slipped past 114/$, to a five-week low, as a safe-haven demand diminished, monetary policy divergence with the US was reaffirmed and BoJ reiterated its "low for long" commitment on monetary policy.
The offshore Chinese Yuan rebounded from 6.98/$ on the hope of the trade dispute resolving. However, Brent crude slumped to around $70p/bbl, on concern about global growth, rising supply and news about conditional exemptions for eight major oil importing countries from the US sanctions on Iranian oil exports, operational from November 4.
The rupee reached 74.4850/$, a fresh all-time low (November 11) on weakness in asset markets and $85p/b plus oil prices. However, by early November the trend changed. The Reserve Bank of India (RBI) eased ECB and Masala bond norms and enhanced its OMO purchases (Rs 40,000 crore for November) to ease the domestic liquidity stress. The subsequent global oil price slump, reduced REER-based rupee over-valuation, a global asset market revival and persistent exporter dollar sales helped it rebound to 72.4350/$. The belligerent exchange between RBI and the finance ministry on a host of supervisory/liquidity issues did not subvert the bullish trend, as the US exempted India from its oil sanctions on Iran. Additionally, India jumped 23 places to 77 in the World Bank's "Ease of doing business" 2019 Survey, enhancing the NDA government's reformist credentials.
Going forward, we expect the rupee to trade in a 72.25-74.00/$ range, with rupee strength contained by the RBI replenishing spent FX reserves and major state elections looming ahead.
-*IN A RANGE*-
· Rupee to trade in a 72.25-74.00/$ range, with rupee strength contained by the RBI replenishing spent FX reserves
· Subsequent global oil price slump, reduced REER-based rupee over-valuation, a global asset market revival and persistent exporter dollar sales helped rupee rebound to 72.4350/$
The writer is president- group treasury and retail broking, Kotak Mahindra Bank
Article Type:
Report
Sections:
Business
Authors:
Narayan S A
Agencies:
DNA
Tags:
India Business Report
Narayan S A
FOREX MARKET PREVIEW
Iran
Reserve Bank of India
Angela Merkel
Argentina
Bank of England
Communist Party of China
European Commission
Kotak Mahindra Bank
UK
World Bank
Xi Jinping
Rupee
Sino-US trade war
US employment data
FOMC
US Dollar Index
US Dollar
G20 meeting
yen
Chinese Yuan
Brent Crude
Mon, 12 Nov 2018-05:45am
Date updated:
Monday, 12 November 2018 - 5:45am
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From Print Edition:
Highlights: Reported by DNA 2 hours ago.
The US dollar index dropped from 97.20, a 16-month high, on President Trump's willingness to meet with Xi Jinping, General Secretary of the Communist Party of China at the G20 meeting in Argentina to resolve the tariff war. Expectedly in the US mid-terms, Republicans held the Senate but lost control of the House to the Democrats. This result will hinder more tax cuts and fiscal easing but leave President Trump free to continue his trade policies. This might also increase the likelihood of the US economic growth/inflation peaking, reduce the tightening pressure on the Fed and so weaken the US dollar. Later, the US Federal Reserve kept interest rates steady and said the strong growth in jobs and spending kept the economy on track, marred only by a dip in the growth of business investment. It reaffirmed its gradual monetary tightening stance, setting the stage for a rate hike in December.
The Euro continued to be pressured by the EU-Italy budget stand-off, weak Q3 2018 GDP print and German Chancellor Angela Merkel's unwillingness to stand for re-election as CDU party chief. The European Commission's cut in Italian growth forecasts added to investor concerns, keeping the Euro under $1.14.
The Pound firmed up to $1.3174 on optimism that the UK would prepare a Brexit agreement by end of November and on Bank of England's (BoE) inclination to raise interest-rates should the Brexit process go smoothly.
The Yen slipped past 114/$, to a five-week low, as a safe-haven demand diminished, monetary policy divergence with the US was reaffirmed and BoJ reiterated its "low for long" commitment on monetary policy.
The offshore Chinese Yuan rebounded from 6.98/$ on the hope of the trade dispute resolving. However, Brent crude slumped to around $70p/bbl, on concern about global growth, rising supply and news about conditional exemptions for eight major oil importing countries from the US sanctions on Iranian oil exports, operational from November 4.
The rupee reached 74.4850/$, a fresh all-time low (November 11) on weakness in asset markets and $85p/b plus oil prices. However, by early November the trend changed. The Reserve Bank of India (RBI) eased ECB and Masala bond norms and enhanced its OMO purchases (Rs 40,000 crore for November) to ease the domestic liquidity stress. The subsequent global oil price slump, reduced REER-based rupee over-valuation, a global asset market revival and persistent exporter dollar sales helped it rebound to 72.4350/$. The belligerent exchange between RBI and the finance ministry on a host of supervisory/liquidity issues did not subvert the bullish trend, as the US exempted India from its oil sanctions on Iran. Additionally, India jumped 23 places to 77 in the World Bank's "Ease of doing business" 2019 Survey, enhancing the NDA government's reformist credentials.
Going forward, we expect the rupee to trade in a 72.25-74.00/$ range, with rupee strength contained by the RBI replenishing spent FX reserves and major state elections looming ahead.
-*IN A RANGE*-
· Rupee to trade in a 72.25-74.00/$ range, with rupee strength contained by the RBI replenishing spent FX reserves
· Subsequent global oil price slump, reduced REER-based rupee over-valuation, a global asset market revival and persistent exporter dollar sales helped rupee rebound to 72.4350/$
The writer is president- group treasury and retail broking, Kotak Mahindra Bank
Article Type:
Report
Sections:
Business
Authors:
Narayan S A
Agencies:
DNA
Tags:
India Business Report
Narayan S A
FOREX MARKET PREVIEW
Iran
Reserve Bank of India
Angela Merkel
Argentina
Bank of England
Communist Party of China
European Commission
Kotak Mahindra Bank
UK
World Bank
Xi Jinping
Rupee
Sino-US trade war
US employment data
FOMC
US Dollar Index
US Dollar
G20 meeting
yen
Chinese Yuan
Brent Crude
Mon, 12 Nov 2018-05:45am
Date updated:
Monday, 12 November 2018 - 5:45am
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From Print Edition:
Highlights: Reported by DNA 2 hours ago.
↧
Government officials march with far-right groups to mark Poland independence
Poland's eurosceptic leaders marked a century of national independence as around 200,000 people marched through the capital in a parade involving far-right groups and neo-fascist activists from Italy. Government officials walked at a distance from the main marchers away from any overt displays of nationalism and they were kept separate by security forces.
Reported by SBS 5 hours ago.
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Poland's eurosceptic leaders, far right mark independence centenary at mass march
Poland's eurosceptic leaders marked a century of national independence on Sunday as more than 200,000 people marched through the capital in a parade involving far-right groups and neo-fascist activists from Italy.
Reported by Reuters 5 hours ago.
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Italy working on plan to create a single broadband provider - Di Maio
Italy's deputy prime minister Luigi di Maio said on Sunday the government was working on establishing conditions to create a single operator in the country for internet broadband.
Reported by Reuters 5 hours ago.
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How romantic Lake Como came to play host to Deepika-Ranveer wedding!
[Italy], November 12 (ANI): It's not difficult to understand why Deepika Padukone and her beau Ranveer Singh chose northern Italy to get married. This stunning corner of Europe has attracted
Reported by Sify 2 hours ago.
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Joe Giudice files appeal to fight impending deportation
Teresa Giudice spread out about her husband Joe Giudice’s deportation drama and the way her circle of relatives is coping with the inside track. (AP) Joe Giudice has filed an enchantment to steer clear of being deported again to his local Italy, his lawyer, James Leonard Jr., showed Sunday to Web page Six. “The enchantment has …
Reported by The News Articles 2 hours ago.
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Southern Song Culture, International Expression the Activity of China-Africa-Europe Tour for Three
BEIJING, Nov. 12, 2018 /PRNewswire/ -- The activity of China-Africa-Europe Tour for Three with the theme of "Southern Song Culture, International Expression" was held in Sofitel Hangzhou West Lake in the afternoon of November 8, 2018. Sponsored by Hangzhou Tourism Commission, the People's Government and the Tourism Bureau of Shangcheng District, Hangzhou Findland Information Technology Co., Ltd. and Zhejiang Tea Group Co., Ltd., the activity attracted over 20 international friends and students from Italy, The Republic of Congo, Nepal, Kazakhstan, Guinea, Cameroon, Morocco and Uzbekistan, as well as the Minister Counselor from the Embassy of the Republic of Benin in China, who gathered together and enjoyed the inheritance of Southern Song culture and a charming feast of cultural tourism.
"Southern Song Culture, International Expression" constitutes three parts: "Enchanting View" tells the story of the "Eight enchanting Views in Southern Song Dynasty" in Shangcheng District. Hefang Street, the White Pagoda, Wuliu House and Drum Tower, all carry their cultural deposits to the world with tenderness of time and expectation of the future. The "Tea Feast" offered three courses of tea, such as Magnifique First Lady's Tea Break from G20 Hangzhou Summit, the original tea in Southern Song Dynasty and the presentation of unique tea culture from Hefeng, the hometown of tea; each course contains different cultures and stories, bringing the guests back to history to feel the traditional "respect by tea" in China. This activity reached its climax during the China-Africa-Europe Tour for Three of "Comprehension of Talk", where the host had exciting exchanges with three guests of culture covering cultures of Southern Song Dynasty and the world. Orou-Yerima Baudouin Eulogo, Minister-Counselor from the Embassy of the Republic of Benin in China, and Vincenza from Italy both expressed their attraction to Southern Song culture and wished to share and bring more foreign friends to Shangcheng for a heartfelt travel.
The representatives from the Tourism Office and several excellent enterprises of Hefeng also attended this activity, and the tourism departments of both places signed the strategic cooperation agreement of "Shangcheng & Hefeng tourism Community" to promote further cooperation and exchanges as well as the development of cultural and tourism industries in both places. Reported by PR Newswire Asia 1 hour ago.
"Southern Song Culture, International Expression" constitutes three parts: "Enchanting View" tells the story of the "Eight enchanting Views in Southern Song Dynasty" in Shangcheng District. Hefang Street, the White Pagoda, Wuliu House and Drum Tower, all carry their cultural deposits to the world with tenderness of time and expectation of the future. The "Tea Feast" offered three courses of tea, such as Magnifique First Lady's Tea Break from G20 Hangzhou Summit, the original tea in Southern Song Dynasty and the presentation of unique tea culture from Hefeng, the hometown of tea; each course contains different cultures and stories, bringing the guests back to history to feel the traditional "respect by tea" in China. This activity reached its climax during the China-Africa-Europe Tour for Three of "Comprehension of Talk", where the host had exciting exchanges with three guests of culture covering cultures of Southern Song Dynasty and the world. Orou-Yerima Baudouin Eulogo, Minister-Counselor from the Embassy of the Republic of Benin in China, and Vincenza from Italy both expressed their attraction to Southern Song culture and wished to share and bring more foreign friends to Shangcheng for a heartfelt travel.
The representatives from the Tourism Office and several excellent enterprises of Hefeng also attended this activity, and the tourism departments of both places signed the strategic cooperation agreement of "Shangcheng & Hefeng tourism Community" to promote further cooperation and exchanges as well as the development of cultural and tourism industries in both places. Reported by PR Newswire Asia 1 hour ago.
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EUR/USD geared for a run south of 1.1300
· *The Fiber opens the new week testing into major lows.*
· *Risk sentiment across the board is seeing a halting start to the new trading week*.
The EUR/USD is trading near 1.1325 after taking an early-Monday plunge into near-term lows as the broader market opens the new trading week with risk appetite notably skewed into the downside, and the 1.1300 major handle is going to be a key point of contention heading through the week.
This week opens on a quiet note, and the economic calendar is all but empty for the Euro's opening sessions, and US markets enjoying a Thanksgiving long weekend, but the mid-week promises plenty of action with German and EU-wide GDP figures on Wednesday, with Eurozone inflation numbers due at the end of the week as well.
Riskier FX pairs are struggling to find a foothold after getting knocked lower on the market open, fueled largely by weekend headlines that the two sides of Brexit negotiations continue to drift further apart, and self-imposed deadlines of presenting workable deals continue to slip by with no progress seen. Italy also remains a point of contention on the Euro, and Italy's current economy minister will be looking at revising Italian growth projections lower in an effort to reach middle ground with the European Commission which remains irate at Italy's spend-heavy deficit budget, but the reach across the aisle could fall on deaf ears is the commission asks Italy how they expect to close the current budget deficit with lower growth expectations.
*EUR/USD levels to watch*
Odds of a bearish continuation are on the rise, according to FXStreet's own Valeria Bednarik: "the daily chart shows that, after reaching the 38.2% retracement of its September/October decline mid-week, the pair retraced quickly, increasing chances of a bearish breakout in the upcoming days. In the same chart, the 20 SMA acted as dynamic resistance throughout the week, now accelerating south below the larger ones and converging with the 23.6% retracement of the mentioned decline around 1.1420. The Momentum indicator stabilized within negative territory, while the RSI heads south, currently at 37, keeping the risk skewed to the downside. In the 4 hours chart, and for the shorter term, the bearish potential is also strong, as the 20 SMA changed course and now heads slower alongside with the 100 SMA in the 1.1400 area, while technical indicators lost downward strength near oversold readings at the end of the day as a result of decreasing volume, far from indicating downside exhaustion."
Support levels: 1.1300 1.1265 1.1230
Resistance levels: 1.1370 1.1420 1.1460 Reported by FXstreet.com 2 hours ago.
· *Risk sentiment across the board is seeing a halting start to the new trading week*.
The EUR/USD is trading near 1.1325 after taking an early-Monday plunge into near-term lows as the broader market opens the new trading week with risk appetite notably skewed into the downside, and the 1.1300 major handle is going to be a key point of contention heading through the week.
This week opens on a quiet note, and the economic calendar is all but empty for the Euro's opening sessions, and US markets enjoying a Thanksgiving long weekend, but the mid-week promises plenty of action with German and EU-wide GDP figures on Wednesday, with Eurozone inflation numbers due at the end of the week as well.
Riskier FX pairs are struggling to find a foothold after getting knocked lower on the market open, fueled largely by weekend headlines that the two sides of Brexit negotiations continue to drift further apart, and self-imposed deadlines of presenting workable deals continue to slip by with no progress seen. Italy also remains a point of contention on the Euro, and Italy's current economy minister will be looking at revising Italian growth projections lower in an effort to reach middle ground with the European Commission which remains irate at Italy's spend-heavy deficit budget, but the reach across the aisle could fall on deaf ears is the commission asks Italy how they expect to close the current budget deficit with lower growth expectations.
*EUR/USD levels to watch*
Odds of a bearish continuation are on the rise, according to FXStreet's own Valeria Bednarik: "the daily chart shows that, after reaching the 38.2% retracement of its September/October decline mid-week, the pair retraced quickly, increasing chances of a bearish breakout in the upcoming days. In the same chart, the 20 SMA acted as dynamic resistance throughout the week, now accelerating south below the larger ones and converging with the 23.6% retracement of the mentioned decline around 1.1420. The Momentum indicator stabilized within negative territory, while the RSI heads south, currently at 37, keeping the risk skewed to the downside. In the 4 hours chart, and for the shorter term, the bearish potential is also strong, as the 20 SMA changed course and now heads slower alongside with the 100 SMA in the 1.1400 area, while technical indicators lost downward strength near oversold readings at the end of the day as a result of decreasing volume, far from indicating downside exhaustion."
Support levels: 1.1300 1.1265 1.1230
Resistance levels: 1.1370 1.1420 1.1460 Reported by FXstreet.com 2 hours ago.
↧
Italy looks to cut 2019 growth forecast to get an EU budget deal
Italy’s economy minister is looking to revise down the budget’s growth forecast for next year to convince the EU that Italy would not go above a deficit of 2.4 percent of GDP in 2019, a source told Reuters on Sunday.
In early October, Italy revised up its growth forecasts, with 2019 gross domestic product growth estimated at 1.5 percent, according to Reuters.
The Commission rejected Italy’s fiscal plan for 2019 last month and may start disciplinary steps against Rome later this month. Reported by FXstreet.com 2 hours ago.
In early October, Italy revised up its growth forecasts, with 2019 gross domestic product growth estimated at 1.5 percent, according to Reuters.
The Commission rejected Italy’s fiscal plan for 2019 last month and may start disciplinary steps against Rome later this month. Reported by FXstreet.com 2 hours ago.
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