Canadian Dollar Listless in Light Fundamentals Session
The Canadian dollar has posted small gains in the Tuesday session. Currently, USD/CAD is trading at 1.3167, down 0.04% on the day. On the release front, there are no Canadian indicators on the schedule. The U.S will release services and...
Euro Gain Capped by Lackluster PMIs, Dollar Turns Soft
While the Japanese Yen is staying generally firm, Dollar fail to hold on to earlier gains and turns softer. While Euro strengthens mildly against Dollar, it’s upside is limited by lackluster PMI data. On the other hand, thanks to strong...
Trump turns up the heat on trade: ‘Tariffs are the greatest!’
President Donald Trump cranked up the rhetoric on tariffs on Tuesday, saying they are a good bargaining tool in his quest to get better trade agreements. In a morning tweet, the president dug in on his position in the global...
Bitcoin edges past $8,000, notching a two-month high
Bitcoin’s price hovered above the $8,000 mark Tuesday, for the first time in two months. The last time the world’s largest cryptocurrency was trading above $8,000 was May 23, when it traded at an intraday high of $8,023.73. On Tuesday,...
China’s banks to face new NPL hit
It’s symbolic of the oddness of Chinese banking that we could see a 14% increase in non-performing loans this year without asset quality actually having deteriorated at all. How? Loan recognition standards. It is common practice worldwide that any loan...
The Fed Is Still On Track For Two More Rate Hikes
Market movers today It is time for euro area Flash PMI for July. PMI manufacturing has declined every month this year and we look for another small decline in the July reading from 54.9 to 54.4 as trade worries are...
Euro-Zone’s Consumer Confidence Cooled In July
For the 24 hours to 23:00 GMT, the EUR declined 0.44% against the USD and closed at 1.1691. Data indicated that Euro-zone’s preliminary consumer confidence index dropped to -0.6 in July, less than market consensus for a drop to a...
Treasury Yields Continue to Support Yen and Dollar, Risk Appetite Ignored
Yen and Dollar are trading as the strongest ones for today and the week, as boosted by treasury yields. In particular, the Yen shrugs off strong risk appetite in Asia, as led by Chines stock markets. 10 year JGB yield...
Here’s what Tesla needs to do to convince investors it’s financially stable: Analysts
Tesla’s stock fell 3.3 percent Monday after it was reported that the electric car company asked suppliers for a refund of a portion of its payment. While automotive companies asking investors for cash back to support operations is a standard...
US regional banks gear up for M&A bonanza
One of the most anticipated trends in US banking began this month not in Wall Street or San Francisco but in Salt Lake City, Utah. On Wednesday, Zions Bancorp, a regional player with $66 billion in assets, saw its proposal...
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