USD/JPY Continues To Hold Below Key Resistance At 109.99 Level
USDJPY continues to hold below key resistance at 109.99 level as it looks for more weakness in the days ahead. On the upside, resistance comes in at 110.00 level. Above here will turn attention to the 110.50 level. Further out,...
Sterling and Canadian Weaken in Quiet Markets, Dollar Mixed ahead of Key Events
Trading in the forex markets has been rather subdued for most of the day. But there are signs of some additional weakness in Sterling and Canadian Dollar in early US session. Traders could be lightening up positions ahead tomorrow’s Brexit...
India: Blackstone set to IPO inaugural $1 billion Reit before March
The Reit finally got the go-ahead after pro-business prime minister Narendra Modi resolved lingering uncertainty around the double taxation of Reits India’s first real estate investment trust, backed by Blackstone and its local partner Embassy Group, will be listed in Mumbai...
GBP/USD Breaks Previously Drawn Pattern
During the previous trading session, the currency exchange rate surged to the 50.00% Fibonacci retracement level at 1.3163, breaking the previously drawn pattern line at the 1.3100 mark. On Monday morning, the rate was located above the 50.00% Fibo at...
FOMC Preview – How Dovish is the Fed?
There are several issues we are expecting from the FOMC meeting later this week. While it is widely anticipated that the Fed would leave its policy rate unchanged at 2.25-2.5%, the potential changes in the accompanying and the message conveyed...
Dollar Weakness in Focus ahead of a Busy Week
Dollar weakness remains the main focus in rather directionless markets today. The greenback suffered steep selloff last Friday on rumors that Fed would discussing cutting short the balance reduction process. And Dollar will face a number of key events this...
Dick Bove: Banks gave $152 billion back to shareholders with little to show for it
Approximately 21 of the nation’s largest banks have reported their earnings in the past two weeks. In aggregate, these 21 companies posted 2018 earnings of $154.6 billion. The common equity of these companies grew by a net $2.4 billion over...
Kamala Harris’ complicated history with Wall Street will come under scrutiny in the 2020 race
Sen. Kamala Harris’ history with Wall Street and the banking industry is about to come under scrutiny in a big way as the California Democrat joins what is expected to be large group of candidates seeking to topple President Donald...
If the S&P 500 breaks through this level, Bank of America predicts it’ll spark a sustainable rally
Bank of America-Merrill Lynch believes it’s premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm’s chief equity technical strategist, is telling investors that stocks are...
Cyprus and Malta’s reduced risk flags ratings upgrades
Forward looking: Malta – and Cyprus – should be catching the eye of the rating agencies Cyprus and Malta were notable among countries with higher risk scores in Euromoney’s final quarterly survey of 2018. Malta, now 23rd from 186 countries...
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