SCA rules threaten existing PSP-merchant relationships
By Anna Fedorova SCA rules imposed under the revised Payment Services Directive (PSD2) are forcing payment service providers (PSP) to reassess their relationships with merchants based on their fraud rates. Andrea Dunlop,Paysafe Under the new EU-wide rules, remote card-based transactions...
ECB Turns Dovish amid Heightened Global Uncertainties
The ECB meeting evolved as we had expected: more dovish, downgraded assessment on economy, leaving unchanged the forward guidance on interest rates. the central bank has acknowledged that the uncertainties in the global economy have intensified and can persist for...
US Government Shutdown Impact on Canada
While the partial U.S. government shutdown has dominated the headlines and disrupted public services across the U.S., it isn’t ultimately expected to have a significant impact on broader trends in the U.S. economy, let alone Canada’s. But the protracted nature...
Fed Rate Hikes: All in Good Time
In January’s Financial Markets Monthly we noted growing risks around our long-held call for the Fed to continue raising interest rates in March, with a brief pause in their tightening cycle looking increasingly likely. Ahead of next week’s FOMC meeting...
Elliott Wave Analysis: GBPUSD In a Five-wave Recovery
Cable is trading bullish in an impulsive manner and even more may come, if we consider the weak USD in the next couple of days/weeks. Currently, we are tracking wave »iv« correction, where ideal support would be at 1.3000 psychological...
Euro Survives Downbeat ECB and Weak PMIs, Safe for Now
Euro has been under broad based pressure today after PMIs suggest more weakness in the economy ahead. The common currency then spikes further lower ECB President Mario Draghi sounds rather cautious and downbeat in the post meeting press conference. However,...
Your first trade for Thursday, January 24
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Amarin. Tim Seymour was a buyer of Caterpillar. Steve Grasso was a buyer of McDonald’s. Guy Adami was a buyer of Xilinx....
‘The genie is out of the bottle and AI is going to create a skills gap’: Workday CEO
If you think technology has rapidly changed the workplace, you haven’t seen anything yet, according to data analytics expert Aneel Bhusri, Workday co-founder and CEO. The advent of artificial intelligence and machine learning is creating a paradigm shift that will...
Commerce Secretary Wilbur Ross: The US is still ‘miles and miles’ from a China trade deal
Commerce Secretary Wilbur Ross said Thursday the U.S. is still “miles and miles” from a trade deal with China. “Frankly, that shouldn’t be too surprising,” Ross said in a “Squawk Box” interview. The U.S. and China have “lots and lots...
AUD/USD Outlook: Fresh Bears Eye 0.7033 Fibo Support
The Aussie fell sharply in Asia on Thursday following short-lived advance to 0.7166 on better than expected Australian jobs data, coming under increased pressure after NAB raised domestic mortgage rates. Fresh bearish acceleration broke below 20SMA (0.7125) that contained the...