Pound Strong ahead of Brexit Vote, Yen Soft as China Pledges Strong Start
Risk appetite stages a come back in Asian session today as China pledged to “strive for a good start” in 2019. With Asian markets having broad based gains, New Zealand Dollar is leading commodity currencies higher. On the other hand,...
How to Know If You Are Invested in the Right Emerging Market
Most investors like to explore the emerging markets for potentially higher returns. Why is this? Simply because the higher the risk, the higher the potential return. Emerging markets rely heavily on foreign investments to be able to fund projects to...
‘Not your grandmother’s economy’ — Cantor CEO Howard Lutnick says growth still has 2 years to run
The U.S. economy “feels good” and shows no sign of a recession in the next 12 months, Howard Lutnick, chairman and CEO of financial services company Cantor Fitzgerald, told CNBC on Monday. “Everybody talks about this ‘late cycle.’ But they...
Gundlach’s warning on ‘ocean of debt’ adds to worries over corporate bonds
After years of U.S. companies taking advantage of low interest rates to pile up cheap debt, Wall Street is beginning to take notice of a problem forming. Corporate debt outstanding ended 2018 at just over $9 trillion, a 64 percent...
Japanese Yen Edges Higher, US Inflation Data Ahead
USD/JPY has started the week with slight gains. In Monday’s North American session, the pair is trading at 108.31, down 0.19% on the day. It’s a very light day on the release front. The sole Japanese event is M2 Money...
EUR/GBP – Pound May Rise Further on Brexit Plan Rejection
The cross stands at the back foot on Monday following Friday’s sharp fall (the pair was down1% for the day) as pound maintains positive sentiment on wide expectations that UK PM’s Brexit plan will be rejected that may force the...
Commodities Outlook 2019: Will Precious Metals Shine?
The commodities complex had a particularly volatile run in 2018, with flaring trade tensions, mounting concerns around slowing global growth, and a stronger US dollar being behind the abysmal performance of most commodities. In 2019, the outlook will hinge mainly...
GOLD: Remains Vulnerable Below Key Resistance At 1,2987.55 Level
GOLD remains vulnerable below key resistance at 1,298.55 level as it looks for more weakness. commodity looks to pullback as it rejected higher prices the past week. On the downside, support comes in at the 1,280.00 level where a break...
Brexit and China Dominates Headlines, Yen Stays Strong
Brexit and China are the two main themes in the markets today. For now Yen is the strongest one so far followed by Swiss Franc. Risk aversion is triggered by terrible trade data from China which intensified worries over slow...
Yellen says economic uncertainty has prompted some retailers to put plans on hold
Retailers are increasingly cautious heading into 2019, with fears of cooling global growth and a market sell-off top of mind, Janet Yellen, former chair of the Federal Reserve, said Monday, during the National Retail Federation’s annual Big Show in New...
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