Conflict Between The US And Turkey Is In The Focus Of Attention
On Friday, the US dollar strengthened significantly against the basket of major currencies. The US dollar index (#DX) updated the monthly high and closed in the positive zone (+0.90%). The growth of the US currency was triggered by the conflict...
Turkish Lira Calmed by CBRT Announcements, But Stays Vulnerable
Turkish Lira continues to be the dominant theme in the financial markets today. The efforts by the government seemed to have calmed the markets a bit, in particular after CBRT’s announcements. But at the time of writing, USD/TRY is still...
After public outcry, Beijing says it will ban new online lending platforms
The Chinese government is stepping up scrutiny of and instituting new measures for a once-burgeoning online lending sector, where fund closures have prompted protests and even caused a convenience store chain in Beijing to shut down. The targeted sector is...
A growth recession is the only way the Fed can fight accelerating inflation
Wall Street’s bond trading last week ended up on an interesting note: In spite of accelerating consumer and producer prices, fixed-income markets showed a yield curve with declining inflation expectations. Bond yields — long-term interest rates — consist of real...
These 5 indicators suggest stocks will break out to new highs
He didn’t enter the year as a roaring bull, but market veteran Jack Ablin is finding reasons to get more positive on stocks. On CNBC’s “Futures Now” last week, the Cresset Wealth Advisors co-founder and chief investment officer listed five...
JP Morgan credit-card users get upgraded as rewards travel portal switches to Expedia
Travelers who use J.P. Morgan Chase credit cards are about to get a free upgrade. Credit-card customers who redeem rewards through the bank’s web portals will have access to more than double the travel inventory starting Sunday, according to a...
Looking Through the Turkish Currency Crisis, Dollar is Strong Anyway
It was one of those wild week in the financial markets with a number of market moving themes. New Zealand Dollar was the worst performing one after RBNZ made itself clear that interest rate is going to stay low for...
Brazil: BCB opens up credit fintechs to foreign capital
Brazilian president Michel Temer signs decree 9,544 before leaving office Brazil’s central bank (BCB) has taken another step to increase the competitive forces in the country’s highly consolidated banking system by authorizing foreign investors to own up to 100% of...
Retail and institutional FX: Never the twain shall meet?
Inevitably, platforms developed to accommodate both retail and institutional clients are in the vanguard of calls for market convergence. For example, Andrew Ralich, co-founder of oneZero Financial Systems, says a hybrid approach offers value to market participants who are looking...
Trump’s war with Harley-Davidson has divided America’s bikers
Gary Rathbun rumbled into South Dakota to attend the United States’ pre-eminent gathering of motorcycle enthusiasts atop his Harley-Davidson, a 2009 Ultra Classic that brought him 800 miles from Idaho. It is the 40th Harley he has owned. It will...
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