GBP/USD Bull Flag Pattern In Wave 4 Pullback
A GBP/USD bullish breakout and bounce at the 50% Fib could complete the wave C (blue) of wave Y (purple) of wave 4 (pink). A bullish break above the 61.8% Fib, however, could indicate a different wave pattern than the...
Sideways: JPM Coin – to ubiquity and beyond!
Almost two weeks after launching JPM Coin, a digital token that will use blockchain technology to make payments, the bank held its investor day in New York on February 26 and promoted the new venture within a presentation designed to...
Nikkei Outperforms As USD/JPY Rises
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Strong Macro Figures Out Of China And The US
Market movers today In the US, the ISM manufacturing is due out this afternoon, which is expected to fall slightly. In the euro area, we get preliminary HICP inflation for February. From the country HICP figures yesterday, we still expect...
Yen Decline Accelerates on Widening Yield Spreads
Yen’s decline continues today and remains the weakest one for the week. Widening treasury yields is seen as the main driving force behind Yen’s selloff. German 10-year yield at 0.186 is now heading back towards 0.2 handle. The rebound on...
USD/JPY In Significant Uptrend Above 111.00
Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen. There is a crucial bullish trend line in place with support at 110.60 on the 4-hours chart of USD/JPY. – advertisement –
The...
HBO boss Richard Plepler wanted more autonomy at AT&T, and his departure is an ominous sign
AT&T spent more than $85 billion to acquire Time Warner and its crown jewel, HBO. Now, just two days after the U.S. government finally gave up its pursuit to block the deal, HBO’s CEO Richard Plepler is resigning. According to...
Ex-Fed’s Dudley: Wall Street should stop blaming the central bank every time stocks drop
William Dudley, former New York Fed president, has a message for Wall Street: Stop blaming the central bank when the stock market declines. Dudley, who retired in June 2018, said Thursday on CNBC that the Federal Reserve’s actions have become...
Macaskill on markets: Deutsche Bank and the art of the retreat
Deutsche Bank chief executive Christian Sewing had a couple of pieces of good news when he unveiled the firm’s full-year 2018 results at the beginning of February. Deutsche had delivered an annual profit for the first time since 2014 and...