Market Outlook Commentary – 28 February 2019

The growing tension between Pakistan and India will obviously hinder equity sentiment, and emerging markets will be keeping an eye out on the developments on this story.

Risk warning: Losses could exceed deposits.

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Yesterday was a strange day, the growing tension between Pakistan and India will obviously hinder equity sentiment, and emerging markets will be keeping an eye out on the developments on this story.

The main theme of the day was Brexit yet again as PM May gave lawmaker the option to vote against a no-deal outcome and to delay Brexit deadline in two weeks’ time – this may have been a strategy to further put the opposition under pressure.

What materialized showed that PM May never get a meaningful vote through, after the carnage in the Labour Party last week – this vote showed the rift in the Conservative Party too as more than 80 members abstained or voted against the government.

Labour will push for a second referendum in the coming days.

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Today’s Market Trading Levels

  1. Brent SELL                             6630 – 6670
  2. EURJPY SELL                         126.20 – 126.40
  3. GBPJPY SELL                        147.70 – 148.00

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Risk warning: Losses could exceed deposits.
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