Sterling Surges as UK and EU Agreed on Future Relationship, Now Awaits Reactions from May’s Cabinet
In an originally quiet holiday trading day, Sterling surges broadly as UK and EU agreed on the declaration on future relationship. The move, while strong, is relatively limited at this point. There seems to be some hesitation for Sterling bulls....
Western Europe banking: Is the Handlesbanken model under threat?
Svenska Handelsbanken is akin to a European Wells Fargo. Like its American equivalent, it is almost entirely focused on one country – Sweden – and very successfully, at least until recently. A cohesive workforce, consistent strategy and conservative risk attitude...
Abu Dhabi wealth fund sues Goldman Sachs over 1MDB scandal
An Abu Dhabi sovereign wealth fund is suing Goldman Sachs over an alleged conspiracy involving Malaysia’s 1MDB fund. International Petroleum Investment Company (IPIC) and its subsidiary Aabar Investments filed a lawsuit against the investment bank at New York state court...
GBPUSD Outlook: Cable Surges after EU/UK Deal Announcement, but Rally Needs Confirmation on Close Above 20SMA
Cable jumped around 130 pips on Thursday on news that EU and UK Brexit negotiators reached an agreement on draft text of post-Brexit ties between the European Union and United Kingdom. Eventual deal after Brexit talks repeatedly stalled, provides temporary...
Gold Spot Further Advance
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Comment The RSI advocates for...
ECB To Release The Meeting Minutes
Trading was rather subdued on Wednesday. On the economic front, the University of Michigan report showed that sentiment eased to 97.5 in November. This marked a three-month decline. The durable goods orders report showed a 4.4% monthly decline which was...
EURUSD Struggling For Direction
The euro is currently struggling to find an intraday directional bias against the US dollar, as the Italian budget issue and Brexit negotiations create uncertainty for traders and investors. The EURUSD pair is also suffering from low trading volumes, as...
US Dollar Retreats Ahead Of The Thanksgiving Weekend
The price of crude oil eased in the Asian session after the EIA released its weekly inventory data. The numbers showed that inventories rose by 4.85 million, which was higher than the consensus estimate of 2.5 million. It was lower...
Focus Turns to ECB Accounts But Markets Are Already in Holiday Mood
Trading is rather subdued in Asian session today as the markets are already in holiday mood. For now, Euro is trading generally higher, followed by Sterling. Australia and New Zealand turned soft again. But most pairs and crosses are just...
Chinese consumers aren’t spending as much. Many are worried about the future
China’s massive consumer base is feeling a chill that could have ripple effects throughout an economy that’s already under pressure. While analysts say individuals are generally financially healthy, many are holding off on spending due to uncertainty about the future....
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