EURUSD Remains Cautious
The major currency pair is rather unenthusiastic early in the week. The market managed to recover after the weak statistics published last week: investors’ interest in the USD as a “safe haven” asset went down, but they are still very...
Another Week in the Red for Canadian Dollar
USD/CAD is unchanged in the Monday session. Currently, USD/CAD is trading at 1.3384, down 0.01% on the day. On the release front, there are no major events on the schedule. Canadian Foreign Securities Purchases is expected to dip to C$6.20...
EUR/JPY Tests 38.20% Fibo
The common European currency depreciated about 113 base points against the Japanese Yen on Friday. The currency pair breached both the 50-, 100-, and 200-hour SMAs during the previous session. (if you want to trade professionally use our forex robot) Today’s...
Fed Likely Hikes Rate in December, Future Path More Dovish
While the majority of market participants (including us) expects the Fed to raise the policy rate, by +25 bps, to 2.25-2.5% at the December meeting, this is far from fully priced in. CME’s Fed funds futures suggest that the market...
Markets Cautiously in Tight Range, Awaiting FOMC Rate Hike and Economic Projections
The financial markets are rather steady in Asia today. Nikkei and and Singapore Strait Times are having notably rebounds. But China and Hong Kong stock markets are mixed. In the currency markets, Yen is the generally weaker one, followed by...
Ron Paul thinks the selloff could spark depression-like conditions that could be ‘worse than 1929’
Ron Paul is warning this year’s corrections could be a precursor to an epic market collapse that may come sooner than investors think. According to the former Republican presidential candidate, Wall Street is becoming more vulnerable to near-depression conditions within...
Why Malaysia is riskier than its credit ratings suggest
Too high: But much like the base jumpers in Kuala Lumpur, agencies appear unconcerned by their A-grade credit ratings The Pakatan Harapan alliance, which claimed a stunning victory in the elections seven months ago, has produced a budget bill for...
Federated Investors’ top fund manager thinks the market is wrongly pricing in a 2019 recession
Wall Street angst over a possible recession may be increasing, but one bull refuses to waver. Federated Investors’ Steve Chiavarone believes there’s nothing on the horizon that suggests the 2018 market corrections will become a massive downturn next year. Rather,...
Robinhood takes its 3 percent savings account back to the drawing board amid widespread criticism
Robinhood is going back to the drawing board. Just a day after unveiling what it called checking and savings accounts, the financial technology startup said it is re-launching and re-naming the product, which came under immediate scrutiny from Wall Street...
The Only Thing We Have To Fear… Is Fear Itself
Amidst the Great Depression in 1933, U.S. president Franklin Roosevelt’s inaugural address cited the now-famous phrase “the only thing we have to fear is fear itself” . Today’s financial markets and economic environment bear zero resemblance to that period, but...
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