RBNZ’s Interest Rate Decision
Tomorrow during the Asian session (01:00, GMT), RBNZ is to release its interest rate decision and is expected to remain on hold at +1.75%. Currently NZD OIS imply a probability of 91.03% for the bank to remain on hold as...
EURUSD Heavily Bearish Below 1.1300
The euro is trading at its weakest level against the US dollar since December last year after sellers finally broke through the important 1.1300 support level. If sellers can move the EURUSD pair below the 1.1260 level, a further decline...
Dollar Paring Gains, Focus Turns Back from Government Shutdown to Trade Talks
Dollar is paring some gains today after yesterday’s rally, but remains the strongest one for the week. A temporary agreement was reached in the US Congress to avert another government shut down. Focus is turning back to trade negotiation with...
A German payment firm’s shares have plummeted 30% in less than two weeks — here’s why
Shares of German payments firm Wirecard have suffered big losses in less than two weeks. The company drew investor attention last year when its market capitalization climbed above that of Deutsche Bank. It also made waves after the firm joined...
Market Morning Briefing: Dollar Yen Could Continue To Rise While Dollar Index Rises Towards 98
STOCKS Most of the indices broadly remain bearish although there is room for an intermediate bounce in them. Shanghai is making a strong come-back after its long holiday and is outperforming other indicies. Dow Jones (25,053.11, -53.22, -0.21%) is hovering...
Paul Tudor Jones says ‘mania’ in share buybacks threatens to have ‘social consequences’
Hedge fund manager Paul Tudor Jones issued a call for more responsible investing, saying that the craze over stock buybacks is causing troubling social ills. “I think we’ve got a mania going on in buybacks and a mania going on...
Plunge in crypto sets stage for Facebook and other tech giants to hire blockchain experts
The drop in cryptocurrency prices is meaning job losses for some, but it may carve out an ideal hiring opportunity for tech giants. Some blockchain start-ups, regardless of having talented teams of engineers, haven’t been able to prove a use...
Aussie and Kiwi Outlook: Storm Clouds Gathering?
Both the Australian and New Zealand dollars have seen the wind leave their sails lately, amid mounting speculation that their respective central banks will cut rates soon, and as investors started having second thoughts about a US-China trade deal. Examining...
Stocks Indecisive as Investors Weigh Soft Data Against Dovish Central Banks
After a big rebound in January, the US stock markets appear a little tired. Investors are weighing the negative impact of soft economic data on future company earnings against the positive impact of interest rates remaining low for longer, with...
GBP/USD Outlook: Cable Breaks Below 1.29 Pivots; Weak UK Data Added to Negative Sentiment
Cable remains at the back foot in early American trading on Monday and probes below pivotal 1.29 support zone, after weak UK data further soured the sentiment. Sterling entered the third week deeply in red, pressured by Brexit concerns and...
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