Eurozone Flash CPI Eyed As Risks Loom
Besides the Italian budget story and Brexit, preliminary inflation readings out of the Eurozone are highly likely to spark volatility in the euro this week, affecting opinion about whether a rate hike by the European Central Bank is appropriate next...
EURUSD – Bear Pressure Builds Up Towards 1.1215 Zone
EURUSD bear pressure builds up towards 1.1215 zone as it looks to extend its weakness. Support stands at the 1.1200 where a break will aim at the 1.1150 level. A break below here will target the 1.1100 level. Further down,...
EURJPY Posts Losses In Narrow Range In Short-Term
EURJPY has been trading within a consolidation area over the last couple of weeks, with upper boundary the 129.00 resistance barrier, and the 127.80 support level. Technically, in the 4-hour chart, the RSI indicator is moving slightly lower below the...
Market Sentiment Hangs On G20 Summit
Conflicting signals over the direction of trade between the world’s two largest economies are poised to place investors on an emotional rollercoaster ride ahead of this weekend’s G20 meeting. It was only on Monday US President Donald Trump stated that...
US-China trade war is political and short term, says Chinese private equity fund
Relations between China and the U.S. have the potential derail global economic growth, but the ongoing tariff fight is a political matter between U.S. President Donald Trump and Chinese President Xi Jinping, said a major Chinese private equity fund company....
Dollar Turns Mixed as Rally Attempt Lost Steam, Trump Attacks Fed Again
Dollar turned mixed after yesterday rally attempt met with no follow through commitments from bulls. Trump reiterated his attack on Fed and on Jay Powell personally. Comments from Fed officials were mixed. But the greenback paid little attention overall. Australian...
SEC’s Clayton needs to see key upgrades in cryptocurrency markets before approving a bitcoin ETF
Cryptocurrency enthusiasts have been eagerly awaiting the approval of what would be the first-ever bitcoin exchange-traded fund, or ETF. But the man largely behind greenlighting one — Securities and Exchange Commission Chairman Jay Clayton — has a few worries that...
Quick read: European banks’ retail-shareholder divorce
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Published on: Tuesday, November 27, 2018 Long years of losses and scandals, and now new regulation, spell a break-up with European banks’ bedrock of support in their retail...
Amazon HQ2 critics are ‘misinterpreting’ the deal: New York Deputy Mayor Alicia Glen
New York Deputy Mayor Alicia Glen sent a message Tuesday on CNBC to critics hoping to curtail $1.5 billion in tax incentives used to lure Amazon’s so-called HQ2 to the city: “This deal is not going to get stopped.” When...
NYC deputy mayor to Alexandria Ocasio-Cortez and other critics: Amazon HQ2 deal won’t be stopped
New York Deputy Mayor Alicia Glen sent a message Tuesday on CNBC to critics hoping to curtail $1.5 billion in tax incentives used to lure Amazon’s so-called HQ2 to the city: “This deal is not going to get stopped.” When...
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