USD Steadies On US-Sino Worries
The USD remained rather steady against a number of its counterparts, as worries for the US-Sino trade talks grew. According to media, US trade representative Robert Lighthizer stated in a congressional hearing that it was too early to predict an...
GBP/USD Intraday Support Around 1.3285
Pivot (invalidation): 1.3285 Our preference Long positions above 1.3285 with targets at 1.3350 & 1.3375 in extension. Alternative scenario Below 1.3285 look for further downside with 1.3260 & 1.3230 as targets. – advertisement –
Comment A support base at...
Yen and Treasury Yields Await US GDP for Inspirations
The finance markets turned mixed in Asian session today. Yen was sold off overnight, following the strong rebound in US treasury yields. In particular 30-year yield staged the biggest rise in a about a month and looks completed the consolidation...
Market Morning Briefing: USDCNY Fell Sharply From 6.69
STOCKS The rally in the global equities seems to have halted. A near-term correction is on the cards on the back of profit-booking. The increased geopolitical tensions between India and Pakistan keeps the Asian equities under pressure which are trading...
Nivaura brings primary markets into the digital age
In the last week of February, Euromoney sits down with a veteran equity capital markets banker to discuss innovation in that business. It is a short chat. “I have been doing this since the mid 1990s and we still execute...
Stocks making the biggest moves after hours: L Brands, Square, HP and more
Check out the companies making headlines after the bell: L Brands shares fell more than 8 percent in extended trading after posting mixed fourth-quarter earnings and weak full-year guidance. The retail company posted $4.85 billion in revenue, compared to the...
The US is no longer threatening to jack up tariffs on China, the clearest sign a trade deal is close
U.S. Trade Representative Robert Lighthizer said Wednesday the U.S. is working towards formally abandoning plans to hike tariffs on Chinese goods from 10 percent to 25 percent, according to the Wall Street Journal. The report said those plans would be...
British Pound Climbs as Parliament Eyes No-Deal Vote
GBP/USD continues to rally this week. In Wednesday’s North American session, the pair is trading at 1.3308, up 0.42% on the day. The streaking pound touched a high of 1.3350 earlier on Wednesday, its highest level since July. In economic...
Dollar Eyes Delayed US GDP and Inflation Data, ISM PMI
The first estimate of US GDP for Q4 will hit the markets on Thursday, ahead of core PCE inflation figures and the latest ISM manufacturing index on Friday. Markets could focus mainly on the ISM survey, as the GDP and...
EUR/GBP: Break Below Multi-Month Range Could Signal Stronger Bearish Acceleration
The cross accelerated lower on Wednesday and broke below the floor of Oct 2017/Jan 2019 range, to hit the lowest levels since May 2017. Extension of larger downtrend from 0.9113 (range top) cracked support at 0.8547 (Fibo 76.4% of 0.8312/0.9306...