Day: February 14, 2019
Watch: Charlie Munger speaks at the Daily Journal annual meeting
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] Warren Buffett’s longtime business partner Charlie Munger will on Thursday address shareholders of the Daily Journal, the Los Angeles-based publishing company where he serves as chairman. The billionaire Munger, who …
Watch: Charlie Munger speaks at the Daily Journal annual meetingRead More
December Retail Sales: Really?
Retail sales unexpectedly plunged 1.2% in December. The fact that this was not the usual collection process opens up potential issues that make us wary to believe that consumer spending is collapsing. Not a Clean Read We have a dose of skepticism regarding today’s reported drop in December’s retail sales. The weekly Redbook index for …
Markets Fall Out of Love for Dollar and Stocks on Huge Retail Sales Miss
The greenback and US stocks quickly reversed gains after US retail sales for the month of December posted the biggest drop since 2009. The biggest market reaction on the softer data was the move in Treasuries, with the 10-year yield Treasury falling 5.7 basis points to 2.646%. While the December sales data was delayed due to the …
Markets Fall Out of Love for Dollar and Stocks on Huge Retail Sales MissRead More
GBPCAD Builds Base around 50.0% Fibonacci; Remains in Upward Range
GBPCAD hit the 1.6970 support again following last week’s pullback from the 1.7270 resistance level, slipping below the 20-and 40-simple moving averages (SMAs) in the daily timeframe. The pair has been trading within an ascending sloping channel over the last six months, despite the upside spikes towards 1.7530. The short-term bias looks negative as the …
GBPCAD Builds Base around 50.0% Fibonacci; Remains in Upward RangeRead More
Goldman Sachs’ cash business could completely change the game
Boring, mundane, routine. These are all words that I’ve heard to describe dependable transaction services. Given the number of fintechs now encroaching on banks’ transaction businesses this is hardly true. Fintechs have been paving a new way for transaction services and there is a buzz around the business. The competition between banks and fintechs is …
Goldman Sachs’ cash business could completely change the gameRead More
What Does a Forex Spread Tell Traders?
Forex spreads explained: Main talking points Spreads are based on the buy and sell price of a currency pair. Costs are based on forex spreads and lot sizes. Forex spreads are variable and should be referenced from your trading platform. It’s important for traders to be familiar with FX spreads as they are the primary …
Brent Crude Oil Futures Advance above Ascending Channel; Reach 3-Month Peak
Brent crude oil futures are holding slightly below the three-month high of 64.80 after the aggressive bullish run above the ascending sloping channel. The MACD oscillator suggests that the market might improve in the coming sessions as it is moving upwards, however, the RSI indicator seems to be overbought as it reached the 70 level …
Brent Crude Oil Futures Advance above Ascending Channel; Reach 3-Month PeakRead More
Dollar Dives as Retail Sales Dropped Most in 9-Years, But GBP and CAD Even Worse
Dollar suffers steep selloff in early US session after shockingly poor retail sales data. The release of December’s sales was delayed due to government shutdown. And we’ve finally got some clues on how bad the US economy performed on double whammy on shutdown and trade war. Nevertheless, for now, Canadian Dollar is even worse as …
Dollar Dives as Retail Sales Dropped Most in 9-Years, But GBP and CAD Even WorseRead More
GBP/USD: Weakens On Further Bear Pressure Towards 1.2720 Zone
GBPUSD weakens on further bear pressure towards 1.2720 zone following its Wednesday losses. Support sits at 1.2750 level. Further down, support comes in at the 1.2700 level where a break will turn focus to the 1.2650 level. Further down, support lies at the 1.2600 level. Below here will set the stage for more weakness towards …
GBP/USD: Weakens On Further Bear Pressure Towards 1.2720 ZoneRead More
Canadian Dollar Quiet ahead of Manufacturing, Retail Sales
USD/CAD is showing little movement in the Thursday session. Currently, the pair is trading at 1.3268, up 0.09% on the day. On the release front, Canada releases manufacturing production, which is expected to rebound with a gain of 0.3%, after two successive declines. In the U.S., it’s a busy schedule. the markets are braced for …
Canadian Dollar Quiet ahead of Manufacturing, Retail SalesRead More
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
