Goldman Sachs believes the US economy will slow to a crawl next year
Goldman Sachs believes the U.S. economy will slow significantly in the second half of next year as the Federal Reserve continues to raise interest rates and the effects of the tax cut fade. “Growth is likely to slow significantly next...
No-deal Brexit would be ‘wrecking ball’ for UK economy, British industry chiefs warn
The U.K.’s draft Brexit deal, causing such upset among the British political establishment, is not perfect but the country must avoid crashing out of the EU without a deal, the president of the influential Confederation of British Industry (CBI) said...
Crude Oil Turning Up
Pivot (invalidation): 56.45 Our preference Long positions above 56.45 with targets at 57.95 & 58.35 in extension. Alternative scenario Below 56.45 look for further downside with 55.90 & 55.60 as targets. – advertisement –
Comment The RSI advocates for...
Silver Spot Supported By A Rising Trend Line
Pivot (invalidation): 14.2900 Our preference Long positions above 14.2900 with targets at 14.4600 & 14.5300 in extension. Alternative scenario Below 14.2900 look for further downside with 14.2200 & 14.1600 as targets. – advertisement –
Comment The RSI is mixed...
Gold Advances As Risk Appetite Falls On Brexit Concerns
The Brexit uncertainty sparked a flight to safety on Friday. Safe haven currencies, the yen, and the Swiss franc were bid higher. Dovish comments from Fed officials, Clarida, and Harker who expressed some doubt about the December rate hike kept...
Crude Rises After Cia Concluded Saudi Crown Prince Ordered Khashoggi Killing
The price of crude oil jumped by more than 1% today as traders expected Saudi Arabia to continue with its campaign of supply reduction. Last week, Saudi’s oil minister said that his country will reduce supplies by more than 500K...
Sterling Stabilizes as PM May Survived the Weekend, Dollar Recovers But Stays Soft
The forex markets are generally trading in tight range as the week starts. Yen, Dollar and Sterling are generally firmer. Australian Dollar and New Zealand Dollar are the weaker ones, together with Euro. But movements in the markets are very...
How a new breed of media companies is convincing people to pay for news again
Comcast Ventures had seen enough. Years of researching business models, seeing their own portfolio’s performance and watching digital media startups struggle had made an impression. For 2018, the venture capital firm made a decision: it would no longer put seed...
Investors on high alert for signs of weakness at Italian banks
Italy enjoyed per capita GDP of $37,481 at the end of 2007, according to CEIC Data. Fast-forward through the global financial crisis, the eurozone crisis and 10 years of austerity, and at the start of this year it had recovered...
Amazon’s 2 new headquarters will need bodies to fill 50,000 high paying jobs: Here’s how to land one
Amazon will soon have more than 50,000 jobs to fill. The company announced this month it will open two new headquarters, one in New York City, and the other in northern Virginia, and that the average salary will be more...
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