Dollar Turning Bearish on Fed Outlook and Yield Curve Inversion
Dollar was sold off broadly overnight, as dragged down by falling treasury yields. Also, recent comments from Fed officials continued to affirm the “patient” monetary policy stance. While the greenback is trying to recover in Asian session today, there is...
EUR/USD Aand USD/CHF: US Dollar Buyers Losing Grip
EUR/USD formed support near the 1.1250 level and later bounced back above 1.1320. USD/CHF started a major decline and broke the 1.0040 and 1.0020 support levels. Important Takeaways for EUR/USD and USD/CHF The Euro formed a solid support near the...
JPM Coin competes with the Federal Reserve as much as with Ripple
Yes, its announcement had considerable comedy value. Umar Farooq, head of digital treasury services and blockchain at JPMorgan, must have struggled to keep a straight face while asserting “we have always believed in the potential of blockchain technology and we...
A Golden Day For Sterling
A golden day for sterling Given that Tuesday was a supposedly news and data light post-US holiday trading day, quite a lot happened overnight. The action going on in currency and commodities markets contrasted a quiet equities session on Wall...
AUD/USD Bulls Could Target 2019 High At 0.7300 On Positive US-China Trade Headlines
US and Chinese trade negotiators kicked off another round of talks today after President Trump labeled last week’s discussions in Beijing “very productive.” Today and tomorrow feature lower-level officials to the table, with higher-level policymakers including US Trade Representative Lighthizer,...
Elon Musk says Tesla won’t be getting involved with cryptocurrency
Despite tweeting about bitcoin, Elon Musk says his electric car company is steering clear of cryptocurrencies. The world’s first and largest digital currency is “interesting,” and could be a valuable way to transfer money, Musk said in a podcast released...
PayPal CEO predicts digital payments industry will mature into a $100 trillion market
PayPal CEO Dan Schulman told CNBC that the digital payments industry may become a $100 trillion market as the financial technology sector continues to grow rapidly. “It could be, you know, a $100 trillion market,” he said in an interview...
Mandiri and the necessity of reinvention
It is easy to forget just how drastic the Asian financial crisis was in Indonesia. History has it that the crisis started in Thailand, which is true, but Indonesia took the hardest hit, the sharpest devaluation. In mid 1997, a...
Kazakh banking sector clean-up continues with Tsesnabank sale
The end of a protracted and pricey restructuring of Kazakhstan’s banking sector came a step closer in February with the sale of troubled lender Tsesnabank to a well-connected local brokerage. First Heartland Securities (FHS), part of a group controlled by...
Japanese Yen Unchanged as Investors Search for Cues
USD/JPY continues to show little movement this week. In Tuesday’s North American session, the pair is trading at 110.63, up 0.03% on the day. On the release front, there are no major events out of the United States. Japan is...
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