Euro Bounce Fades, Canadian Inflation Prints Pending
Here are the latest developments in global markets: FOREX: The dollar index – which gauges the greenback’s strength against six major currencies – remained negative (-0.10%), though it pared most of its earlier losses, aided by a return of risk-off...
Italian banks a bigger risk than Turkey
Italy’s problems have seemingly never gone away. With a viscous cycle of rising trade protectionism and inflation slowing economic growth, a gross debt burden totalling 130% of GDP and a populist-left government planning to increase budget spending, a recipe is...
Dollar and Yen Staying in Shallow Consolidation Despite Massive Stock Rebound
The strong stock rallies in the US generally carry through to Asian session. At the time of writing, Nikkei is up trading up 0.45%, Hong Kong HSI up 0.58%, Singapore Strait Times up 0.52%. That followed the impressive 1.58% rebound...
PSD2: ‘Wind already taken out of sails’ of open banking
By Anna Fedorova PSD2 was intended to revolutionize the world of transactions by allowing banks’ customers to use third-party providers to manage their finances, placing an obligation on banks to offer these third-party providers access to customer accounts, with permission,...
Crypto hedge fund Pantera on track to raise $175 million despite bitcoin’s price slump
Silicon Valley is still finding plenty of reasons, and money, to pour into the cryptocurrency industry. Despite bitcoin slumping by half this year, crypto hedge fund Pantera Capital is well on its way to hitting a $175 million target for...
Stocks making the biggest moves after hours: JWN, NVDA and more
Check out the companies making headlines after the bell: Shares of Nordstrom surged 11 percent after the company reported quarterly earnings and revenue that easily beat expectations. The retailer posted a quarterly profit of 95 cents a share on $4.07...
DoubleLine exec Jeffrey Sherman nervous trade war could turn into currency war
DoubleLine Capital’s Jeffrey Sherman is nervous about President Donald Trump’s recent jabs at Turkey — and it isn’t because of a possible trade war. He actually sees the chance of something more troubling occurring: a currency war. Last week, Trump...
Yen Shrugs Off Lower Japanese Trade Balance
It has been an uneventful week for the yen and that trend has continued in the Thursday session. In the North American session, USD/JPY is trading at 110.77, up 0.02% on the day. On the release front, Japan’s trade surplus...
Dick Bove: Global turmoil shows the US is still the safest place for your money
The Economist Magazine does a particularly good job in reviewing global events on a country-by-country basis. A look at any issue in recent weeks reveals a world in turmoil. No region seems to be stable. The United States in comparison...
Canadian Inflation Data in Focus as Loonie Hopes for NAFTA Deal
Canada will be on the receiving end of inflation data for July on Friday, at 1230 GMT. Forecasts suggest the headline CPI rate remained unchanged, which would likely keep the Bank of Canada (BoC) on track to deliver at least...
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