Sterling Surged on Brexit Deal Optimism, New Zealand Dollar Tumbles on Business Confidence
Sterling surged overnight as boosted by comments from EU indicating that they’re committed to a deal Brexit deal with the UK. The Pound remains firm in Asian session and is now the strongest one for the week. Swiss Franc is...
Hong Kong is boosting its links to Chinese banks — but there are risks involved
Hong Kong’s burgeoning financial links with China hold enormous opportunities — but they carry risks for its banking sector as well. Compared to Hong Kong’s, mainland China’s financial regulatory regime can be less transparent. So, as financial institutions from the...
Goldman-backed Circle sees tokenization coming to all markets
– that would have allowed them to trade shares of various exchange-traded funds (ETFs) that go long and short . Excitement had been growing in the crypto world that the arrival of such ETFs would herald a new era of...
USDCHF – Bearish, Risk Continues To Point Lower
USDCHF – The pair continues to face downside pressure closing further lower on Wednesday. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then...
GBP/USD Hits 3-Week Highs On Bullish Brexit Chatter
Last week, we highlighted some encouraging signs from the joint UK-EU press conference, noting that “The EU’s willingness to extend the previous deadline suggests that a mutually acceptable deal may be near, though the Northern Ireland border remains a difficult...
After-hours buzz: GES, TRNC & more
Check out the companies making headlines after the bell: Guess shares rose more than 11 percent during after-hours trading following an earnings beat for the second quarter. The clothing brand earned 36 cents per share, 4 cents higher than analysts’...
Lehman and MF Global taught the need to prepare for the next financial collapse
The principal lesson of the Lehman Brothers bankruptcy 10 years ago is simple: There will be another failure of a large financial firm. We don’t know what might be the exact cause, though we do know it won’t resemble Lehman....
Banks diverge on dynamic discounting
The growth in the use of dynamic discounting is highlighted in the most recent AP & Working Capital Report published by PayStream Advisors, which found that the proportion of companies using it to capture rebates and discounts increased by 50%...
FX: What’s in store for the Turkish lira?
By Anna Fedorova The escalating row over Turkey’s detention of American pastor Andrew Brunson appeared to be the last straw, sending the lira into freefall in August. Brunson was arrested in October 2016 and accused of colluding with an organization...
Gold Gains Ground Despite Strong Preliminary GDP
Gold has posted slight gains in the Wednesday session. In the North American trade, the spot price for one ounce of gold is $1204.39, up 0.26% on the day. On the release front, Preliminary GDP jumped 4.2%, beating the estimate...
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