Time is running out for Greek NPLs
A mere decade after the financial crisis, Greek banks are finally showing signs of tackling their NPL exposures in earnest. However, this is due far more to pressure from the ECB and its desire to push ahead with banking union...
California AG: At least 13 states suing over Trump’s national emergency
California and a dozen other states are filing a lawsuit challenging President Donald Trump’s national emergency declaration on Monday, California Attorney General Xavier Becerra said. “The president admitted that there’s not a basis for the declaration, he admitted there’s no...
British Pound Edges Higher, Investors Eye UK Wage Growth
GBP/USD has lost ground in the Monday session. In North American trade, the pair is trading at 1.2928, up 0.30% on the day. On the release front, British Rightmove HPI improved in February, with a gain of 0.7%. There are...
Japanese Yen Steady as Markets Calm at Start of Week
USD/JPY is showing limited movement in the Monday session. In the North American session, the pair is trading at 110.58, up 0.11% on the day. On the release front, Japanese Core Machinery Orders declined 0.1% in December, above the estimate...
EUR/USD Outlook: Recovery Extends Near Pivotal Fibo Barrier But Risk of Stall Exists
The Euro enters the US session at the front foot as recovery extended in European session and reached high just ticks ahead of key barrier at 1.1341 (Fibo 38.2% of 1.1514/1.1234/last week’s highs. Fresh risk appetite on trade optimism keeps...
Euro and Sterling Strong for Today, But No Key Resistance Broken
Yen and Dollar are pressured for the whole day, and remain so in early US session. Risk appetite in Asian markets was boosted by optimism over US-China trade talks. There is hope that the meetings in Washington this week will...
EURNZD Recovers from 2-Month Low after Hitting Lower Bollinger Band
EURNZD has declined considerably over the previous three days, recording a new two-month low around 1.6408 and touching the lower Bollinger Band. Currently, the price is paring some of the losses, approaching the 1.6500 handle. Technical indicators in the daily...
INDICES: German DAX Retraces From Its Resistance
Bulls can step in if the price kisses the 50-day moving average. However, a break of this moving average could increase more selling pressure. The German Dax index is trading above the upward trend line on an 8-hour time frame...
The US Dollar Slightly Weaked
On Friday, the US dollar slightly weakened against a basket of major currencies. The US dollar index (#DX) closed in the negative zone (-0.07%). At the moment, investors are focused on trade relations between the US and China. The next...
Gold Records 3-Week High, Ichimoku Suggests Further Gains
Gold prices edged sharply higher in the previous days, hitting a more than two-week high earlier today. Also, the metal is approaching the eight-month high of 1326 and a successful jump above this strong barrier would resume the bullish outlook....