USD/JPY Probing Year-to-Date High after Powell Downplays Market Fears
With concerns about the nascent global trade war escalating and the Treasury yield curve inverting, Federal Reserve Governor Jerome Powell had a clear opportunity to tap the brakes on the central bank’s hawkish lean in today’s semi-annual testimony to the...
Opioid addiction is keeping a high percentage of people out of the workforce, Fed chairman says
America’s opioid epidemic is exacting a massive human tool that also is impacting the economy, Federal Reserve Chairman Jerome Powell said Tuesday. One of the Fed’s primary goals is achieving maximum employment, or making sure every potential worker who wants...
Investment chief: Watch these two big events in 2018
John Traynor, chief investment officer at People’s United Advisors, said investors should watch two major events in 2018: midterm elections and simmering global trade tensions. “We think the earnings growth is very strong, we think the economy is very strong,...
China is investing 9 times more into Europe than into North America, report reveals
China is investing nine times more into Europe than it is into North America as policies force divergence, a report released this week reveals. Chinese outbound foreign direct investment (FDI) has dramatically swung toward Europe in the first half of...
US lumber producers see huge opportunity, rush to expand
In the woods of central Maine, trees are gaining value by the minute, and lumber producers aren’t waiting a second. They are scrambling to expand production, build new facilities and hire more workers. Lumber prices soared over sixty percent since...
Saudi Arabia gets MSCI recognition
Saudi Arabia’s efforts to reform its capital markets seem to have finally paid off. On June 20, MSCI, a leading provider of global equity indices, upgraded the kingdom from standalone to the status of an emerging market. Billions of investment...
Dollar Rebounds as Markets Await Powell, But Swiss Franc and Kiwi Outperform
Dollar is regaining some ground as markets await Fed chair Jerome Powell’s Congressional Testimony. But still, New Zealand Dollar is the strongest one today as lifted by inflation data. Swiss Franc trades as the second strongest as European indices are...
The US economy has plenty of steam despite bond market and trade fears, investors say
When Federal Reserve Chair Jerome Powell testifies on Capitol Hill this week, investors will be looking for clues as to how issues like escalating trade tensions could alter the U.S. economy and therefore the Fed’s interest rate path. Investors have...
New Zealand Dollar Jumps on RBNZ Inflation Reading, Australian Dollar Higher on RBA Minutes
Commodity currencies trade generally higher today. New Zealand Dollar leads the way following improvement in RBNZ’s own preferred core inflation measures. Australian Dollar is also firm after RBA reaffirmed that the next move is likely a hike rather than a...
Monday Blues Or Dog Days Of Summer
Monday blues or Dog days of summer Whether a case of the Monday blues, the Dog Days of summer setting in or a combination of both, markets struggled for direction despite upbeat US economic data while quarterly earnings have failed...
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