USD/JPY: Two Tweaks the BOJ Could Make Tonight
As my colleague Fawad Razaqzada noted on Friday, this week promises to be an interesting one for FX traders, with the Bank of England, Bank of Japan, Federal Reserve all set to meet, in addition to the always-noteworthy monthly Non-Farm...
British Pound Higher as Consumer Credit Levels Rise
The British pound has posted gains in the Monday session. In North American trade, the pair is trading at 1.3136, up 0.24% on the day. On the release front, British Net Lending to Individuals improved to GBP 5.4 billion, edging...
FANG index of tech stocks tumbles into correction territory, down 10% from June record
The market’s favorite technology stocks are tanking as investors growing concerned over the companies’ ambitious growth targets following disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high...
More than 60% of tech workers feel they’re underpaid
Tech workers are the envy of labor market — they earn some of the highest starting salaries and often command top-notch benefits. But money doesn’t always buy satisfaction. Entrepreneur reports that tech workers in major American cities earn an average...
Global auto powers plotting response to Trump auto tariff threats
Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva next week to discuss how to respond to threats by U.S. President Donald Trump to impose tariffs on U.S. imports of autos and car parts, officials familiar...
Unclear Direction in Forex Markets, Yen Softer ahead of BoJ
Euro and Swiss Franc are lifted in earlier today but was then out-performed by New Zealand Dollar. On the hand, Yen and Australian Dollar are trading as the weakest ones, followed by Dollar. Direction in the forex markets is relatively...
The US Q2 GDP Was Also Not Strong Enough To Inspire Further USD Gains
Markets On Friday, core bonds ended the day mixed to slightly stronger. German yields were little changed, despite disappointing French Q2 growth. The focus for core bond trading was on the US Q2 GDP. The US economy expanded 4.1% QoQ...
Eurozone Data In The Spotlight On Monday
Economic data and monetary policy headline a highly active week in the financial markets. On Monday, attention turns to the eurozone. Action begins at 08:30 GMT with reports from the United Kingdom covering net lending to individuals, consumer credit and...
It’s in China’s interest to reconsider its trade surplus with the US
Washington’s apparent shift of emphasis from its unassailable trade argument to an uncertain legal battle about China’s foreign trade policies and practices looks like an own goal. Upon reflection, Washington could soon recover. Some own goals during the recent World...
Forex Markets Steady, But Volatility Guaranteed in an Unusually Busy Week ahead
Dollar opens the week broadly firmly, followed by Sterling as the second strongest. On the other hand, Australian Dollar is trading with and broad-based soft tone, followed by Canadian Dollar. Nonetheless, all major pairs and crosses are bound in Friday’s...