Day: January 24, 2019
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 above €30 may have to go through a two-factor authentication process, depending on the fraud …
SCA rules threaten existing PSP-merchant relationshipsRead More
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 quite an extended time. No change was made no change in the monetary policy, leaving …
ECB Turns Dovish amid Heightened Global UncertaintiesRead More
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 of the political im-passe contains red flags about the likelihood of a quick resolution to …
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 we are taking this opportunity to push back our forecast—we now see the Fed’s next …
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 level, but it could be even more complex, it may stay sideways or maybe it’s …
Elliott Wave Analysis: GBPUSD In a Five-wave RecoveryRead More
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, Euro quickly recovers as Draghi actually didn’t bring out any “new” dovishness. The March meeting …
Euro Survives Downbeat ECB and Weak PMIs, Safe for NowRead More
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. Trader disclosure: Pete Najarian is long calls AA, AMRN, CSCO, EEM, EWZ, IQ, M, MDR, …
‘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 affect workers in every sector. Speaking with CNBC’s Squawk Box at the World Economic Forum …
‘The genie is out of the bottle and AI is going to create a skills gap’: Workday CEORead More
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 of issues,” he continued, and the Trump administration will need to create “structural reforms” and …
Commerce Secretary Wilbur Ross: The US is still ‘miles and miles’ from a China trade dealRead More
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 action of past two days and opened way towards support at 0.7033 (Fibo 38.2% of …
AUD/USD Outlook: Fresh Bears Eye 0.7033 Fibo SupportRead More
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Finance news
 Baidu’s robotaxis don’t need any human staff in these parts of ChinaChinese tech company Baidu announced Monday it can sell some robotaxi rides without any human ... Read More Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point movesFederal Reserve Governor Michelle Bowman said Saturday she supports the central bank's recent big rate ... Read More Danger ahead: The U.S. economy has yet to face its biggest recession challengeYou'd be hard-pressed now to find a recession in the rearview mirror. What's down the ... Read More |
