The Weekly Bottom Line: Bank of Canada’s Odyssey Continues
U.S. Highlights U.S. equity markets built on last Friday’s gains, firming up for the second consecutive week. Seemingly-fruitful trade negotiations between the U.S. and China offered notable support. With respect to data, both the ISM non-manufacturing index and small business...
Overbought Gold in Consolidation Mode as Dollar Selling Pauses
As we approach the end of the week, gold is trading slightly off its best levels thanks in part to a rebound for the US dollar and the recent recovery in stock prices reducing the appeal of the safe-haven commodity....
EUR/GBP: Levels to Watch Through a Critical Week
We’ve already written extensively about the high stakes for Tuesday’s vote on Theresa May’s Brexit bill, but with EUR/GBP clocking in as the weakest currency pair on the day, we also wanted to highlight key levels to watch on the...
Fed’s Dovishness Confirmed – Focus Shifts to Brexit and Earning Season
The US dollar continues to weaken in 2019, this week’s decline was supported by the Fed’s Minutes and a busy week of FOMC talk that cemented views that the Fed can wait on the next interest rate hike. The narrative...
Earnings season may turn up some stock market winners after December’s battering
After the market’s December meltdown, earnings season could turn up some winners among the rubble, analysts said. What fourth-quarter results will do for the market’s rebound from December’s trough is tough to say, given other factors, like trade talks, Washington...
Square loses head of payments to Visa
Mary Kay Bowman, head of payments at Square is going to Visa to be new head of seller solutions, reporting to Chief Product Officer Jack Forestell. Visa announced the hire in a blog post Friday. Square’s shares went slightly negative,...
If the shutdown lasts two more weeks, the cost to the economy will exceed price of Trump’s wall
If the government shutdown lasts another two weeks, the total cost to the U.S. economy would exceed the price of building the proposed border wall. According to an estimate by S&P Global Ratings, it will only take another two weeks...
Do Equity Markets Predict Recession?
Highlights On the back of weakening global growth and downgrades to the corporate profit outlook, equity markets are down significantly from 2018 highs. With such a strong swing in market sentiment, discussion has increased on whether the decade long economic...
2020: The year women will take Wall Street
January JPMorgan chief executive Jamie Dimon denies that he signed a contract to become head of Adam Neumann’s family office only days before the implosion of WeWork in late 2019. “I was just playing him along with a series of...
Week Ahead – Brexit Crunch Time as MPs to Vote on May’s Deal; Inflation Data to Dominate
Brexit fatigue looks set to reach a climax next week as UK lawmakers will finally get their say on Theresa May’s deal. But with little chance of the deal passing through Parliament, stormy days lie ahead for sterling. On the...
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