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Day: December 4, 2018

Jamie Dimon doesn’t expect permanent China-US trade deal in just 90 days

J.P. Morgan Chase CEO Jamie Dimon said a permanent trade agreement between the U.S. and China will be tough to reach in just 90 days. “There’s no way you can see the complexity of these trade negotiations in 90 days,” Dimon said at the Goldman Sachs Financial Services conference on Tuesday. “I’m hoping they’ll announce …

Jamie Dimon doesn’t expect permanent China-US trade deal in just 90 daysRead More

London to lose $900 billion to Frankfurt due to Brexit, German finance group claims

London is predicted to lose up to 800 billion euros ($909 billion) of assets by March next year, as banks move their business operations to other hubs before Brexit takes place. Lobby group Frankfurt Main Finance (FMF) released the figure last week, which it calculated based on a confirmation that 30 financial institutions had applied …

London to lose $900 billion to Frankfurt due to Brexit, German finance group claimsRead More

USDTRY Unlocks 2-Week High, Creating Significant Gains

USDTRY strengthened sharply today, climbing to a new two-week high, around 5.3653, extending its run from the pullback on 5.1330. The bullish picture in the very short-term is further supported by the RSI, which is rising above the 50 level and the stochastic oscillator hovers in the overbought territory. Also, the price advances above the …

USDTRY Unlocks 2-Week High, Creating Significant GainsRead More

WTI OIL Outlook: Recovery Extension Hits Two-Week High On Improved Sentiment, OPEC Meeting In Focus

WTI oil rose further on Tuesday and hit new high of nearly two weeks, in extension of recovery which started from Monday’s gap-higher weekly opening. The oil was up 2.5% for the day so far and fresh bullish acceleration pressures pivotal barrier at $54.80 (Fibo 61.8% of $58.14/$49.40 bear-leg, reinforced by falling 20SMA). Sustained break …

WTI OIL Outlook: Recovery Extension Hits Two-Week High On Improved Sentiment, OPEC Meeting In FocusRead More

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