GBP Currency Gets A Lift From A Non-Binding ECJ Opinion On Article 50
Notes/Observations European Court of justice (ECJ) advisers in a non-binding decision stated that the UK could pull Article 50 unilaterally (Insight: Ruling theoretically meant Britain could cancel Brexit negotiations and stay in EU without asking any of other Member States)...
WTI Futures Gain Some Ground, SMAs Create Bullish Crossover
West Texas Intermediate (WTI) crude oil futures are in progress to recover some more ground after the bullish gap that posted yesterday. The price jumped above the positive crossover within the 20- and 40-simple moving averages in the 4-hour chart,...
Yen Surges as Nikkei Tumbles and JGB Yield Falls
Yen jumps broadly today as Asian stocks weaken, moving past the positive catalyst of US-China trade truce quickly. Nikkei closed down -2.39%, more than enough to reverse Monday’s 1.00% gain. Additionally, 10 year JGB yield is down is down -0.010...
RBA More Concerned about Housing Markets, Disinflation Likely Keeps Policy Rate Unchanged for 2019
As widely expected, RBA left the cash rate unchanged at 1.5% for the 26th consecutive meeting. The accompanying statement contained little new information. Yet, it revealed that the members were dovish about the housing market. Meanwhile, disinflation in Australian economy...
UK peer-to-peer lender Zopa gets banking license as it looks to compete with industry giants
British peer-to-peer lender Zopa has obtained a U.K. banking license, clearing a key hurdle in its bid to launch a digital bank and compete with industry giants. The company said on Tuesday that it had been granted an initial permit...
Stocks making the biggest moves after hours: Restoration Hardware, Smartsheet and more
Check out the companies making headlines after the bell: Restoration Hardware shares jumped over 22 percent in the extend session after reporting quarterly earnings. The furniture company raised its fourth quarter and fiscal year revenue guidance. Though Restoration Hardware said...
US-China trade war is not over, says investor Mark Mobius
Noted investor Mark Mobius is betting that the U.S-China trade war is not coming to an end. The truce between the two countries is “good news but I don’t think it’s over,” the co-founder of Mobius Capital Partners told CNBC...