Day: February 7, 2019
Ocasio-Cortez’s Green New Deal offers ‘economic security’ for those ‘unwilling to work’
The Green New Deal that Democrats proposed Thursday looks to create a more environmentally sound country with economic benefits for everyone — even those who don’t want to work. An overview circulated by proponents states the plan seeks a “massive transformation of our society” that could rid the country of fossil fuels and “create millions …
Ocasio-Cortez’s Green New Deal offers ‘economic security’ for those ‘unwilling to work’Read More
Bank investors are looking everywhere for the next mega-deal, with this one wrinkle
After BB&T and SunTrust’s $66 billion merger announcement got a warm reception from markets Thursday, analysts and investors are scurrying to figure out which banks will be next. The key to the deal’s positive reaction is that it’s been labelled a “merger of equals,” or a transaction between two similar-sized firms that can yield immediate …
Bank investors are looking everywhere for the next mega-deal, with this one wrinkleRead More
Japanese Yen Slightly Lower, Investors Await Japanese Consumer Releases
USD/JPY has edged lower in the Thursday session. In North American trade, the pair is trading at 109.77, down 0.19% on the day. On the release front, unemployment claims dropped to 234 thousand, but this was above the estimate of 220 thousand. Japan will release consumer data. Houshold spending has posted three successive declines, but …
Japanese Yen Slightly Lower, Investors Await Japanese Consumer ReleasesRead More
Euro Recovery Turns Sour Again as Recession Risks Grow; Will ECB Come to Rescue?
The euro’s slow recovery against the US dollar from November’s 16½-month low appears to have stalled as the outlook for the Eurozone economy grows grimmer by the day with no sign yet that a turnaround is around the corner. Expectations that the European Central Bank will nevertheless press ahead with its plans to start raising …
Euro Recovery Turns Sour Again as Recession Risks Grow; Will ECB Come to Rescue?Read More
MARKET WRAP: European Stocks Dropped, Sterling Jumped & Euro Dropped
Sterling went on a roller-coaster ride today as Bank of England delivered its statement. Equity investors are on the edge due to the threat of another U.S. government shutdown Stocks The S&P 500 is building on its losses on top of yesterday and fell 0.8 percent at 15:47. The Stoxx Europe 600 Index moved lower …
MARKET WRAP: European Stocks Dropped, Sterling Jumped & Euro DroppedRead More
Sterling Recovers Early Losses on Carney Optimism
Mark Carney and his colleagues, like the pound, came through the Bank of England meeting relatively unscathed it seems, although when it comes to the latter, there were some hairy moments. The event got off to quite a shaky start as the central bank released its latest forecasts showing GDP growth this year suffered its …
Sterling Survives Dovish BoE Selloff for Now, Yen Staying Strong
It’s a very volatile day with two market moving events in BoE Super Thursday and EU economic forecasts. Sterling initially dived sharply after BoE downgraded economic forecasts and painted a slower rate path. But the Pound appears to rebound after BoE Governor Mark Carney insisted that the markets shouldn’t prepare for a rate cut despite …
Sterling Survives Dovish BoE Selloff for Now, Yen Staying StrongRead More
GBPCAD Stops Below 40-SMA; Stands in Ascending Channel
GBPCAD is holding below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the resistance level of 1.7530 – a seven-month high reached on January 25. The pair has been trading within an ascending sloping channel over the last six months, despite the upside spikes towards 1.7530. The RSI …
GBPCAD Stops Below 40-SMA; Stands in Ascending ChannelRead More
GBPUSD Remains Vulnerable To The Downside On Bear Pressure
GBPUSD remains vulnerable to the downside as more weakness is expected in the days ahead.Support is seen at 1.2900 level. Further down, support comes in at the 1.2850 level where a break will turn focus to the 1.2800 level. Further down, support lies at the 1.2750 level. Below here will set the stage for more …
GBPUSD Remains Vulnerable To The Downside On Bear PressureRead More
GBP/JPY 4H Chart: Sets For Breakout
The British Pound has depreciated about 1.99% in values against the Japanese Yen since January 25. The exchange rate is currently trading near the lower boundary of a junior ascending channel pattern at 142.01. If the currency pair passes the bottom border of the channel pattern, a decline towards a support cluster formed by the …
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Finance news
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