Krugman expects to see a global recession this year, warns ‘we don’t have an effective response’
There is a decent chance the world economy is headed for a recession in 2019, according to Nobel Prize-winning economist Paul Krugman. Market participants are increasingly worried about the prospect of a serious economic downturn over the coming months, with...
Crude Oil Turning Down
Pivot (invalidation): 52.60 Our preference Short positions below 52.60 with targets at 51.70 & 51.30 in extension. Alternative scenario Above 52.60 look for further upside with 53.00 & 53.40 as targets. – advertisement –
Comment The RSI shows downside...
Sterling Soft as GDP, Productions and Trade Balance Awaited
Sterling is trading generally soft today, except versus Yen, as market focus turns to UK data. GDP, productions and trade balance will be featured. BoE just downgraded both growth and inflation forecasts last week, based on assumption on smooth Brexit....
EUR/USD At Clear Risk Of Further Declines
Key Highlights The Euro formed a significant top at 1.1514 and declined heavily against the US Dollar. EUR/USD broke a few important supports such as 1.1440 and 1.1400. – advertisement –
The German Trade Balance in Dec 2018 posted...
Here’s why Wells Fargo has sliced its forecasts for rate hikes and bond yields
As bond yields fall on global growth fears, Wells Fargo is making some changes. This month, the firm cut both its year-end Federal Reserve interest rate hike forecast and bond yield targets. However, the firm’s global head of interest rate...