Dollar Surges after Strong ADP Job Data, FOMC Next
Dollar jumps notably in early US session against Swiss Franc and Yen following stronger than expected ADP job report. But strength in the greenback is not broad based. Traders are cautiously await FOMC statement and press conference, to see how...
Your first trade for Wednesday, January 30
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Amgen. Brian Kelly was a buyer of the Junior Gold Miners ETF. Steve Grasso was a buyer of Lennar. Guy Adami was...
India’s wealth managers find profit in the provinces
India’s leading private banks are adapting to a rapidly shifting landscape, as vast amounts of new wealth are created in new industries, by young entrepreneurs, many of them based in teeming provincial centres far from first-tier cities. Asia’s third-largest economy...
XAU/USD Will End Session At 1,315.00
During Wednesday’s morning hours, the previously drawn pattern was broken. Due to the fact, the chart was fully reviewed! In regards to the near-term future, most likely, the gold will be trading sideways to stay at the 1,315.00 level during...
UK’s BRC Shop Price Index Advanced To A Five-Year High Level In January
For the 24 hours to 23:00 GMT, the GBP declined 0.53% against the USD and closed at 1.3080, after UK lawmakers dismissed calls to extend the Brexit negotiations, indicating that the UK has exactly two months before leaving the European...
Japan’s Retail Trade Rose More-Than-Estimated In December
For the 24 hours to 23:00 GMT, the USD rose 0.10% against the JPY and closed at 109.40. In the Asian session, at GMT0400, the pair is trading at 109.37, with the USD trading marginally lower against the JPY from...
Sterling Tumbles as UK Seeks Irish Backstop Renegotiation, Dollar Awaits FOMC and Trade Talks
Sterling tumbled broadly as the UK opened a new chapter in Brexit negotiation with yesterday’s parliamentary amendment votes. In short, Prime Minister Theresa May needs to go back to EU to renegotiate the Irish backstop into alternative arrangements. But EU...
DLT ‘perfect solution’ to deliver real-time liquidity management
Market participants are crying out for real-time visibility of their cash accounts, as the velocity of money in the financial system increases. R3, a distributed database technology company, believes DLT could be the perfect solution to overhaul liquidity management infrastructure,...
Stocks making the biggest moves after hours: Apple, Amgen, AMD and more
Check out the companies making headlines after the bell: Apple shares jumped more than 6 percent after the bell following an earnings beat on Tuesday. The company earned $84.31 billion in revenue, which beat estimates of $83.97 billion. Earnings per...
Bond King Jeffrey Gundlach says we just got ‘the most recessionary signal’ yet
Drooping consumer sentiment is pointing the way to a substantial economic slowdown, if history is any guide. In particular, the gap between current sentiment and future expectations has blown out wider, according to the Conference Board’s Consumer Confidence Index released...
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