February’s jobs report should show whether there’s anything to really fear about economy
February’s employment report is expected to show strong job and wage growth, and could signal that the economy’s slower growth in the first quarter is just a speed bump rather than a sign of trouble. The economy was expected to...
ECB Review: A Postcard from Japan
Today, the ECB surprised us by announcing a series of TLTRO3 starting in September 2019 and continuing until March 2021, each with a two-year maturity. The ECB further extended the rate forward guidance to rates remaining at present levels ‘at...
British Pound Slips on PMI, Brexit Worries
GBP/USD has posted considerable losses in the Thursday session, showing significant movement for the first time this week. In North American trade, the pair is trading at 1.3102, down 0.52% on the day. There is only one key event on...
US households see biggest decline in net worth since the financial crisis
Americans’ net worth fell at the highest level since the financial crisis in the fourth quarter of 2018 as sliding stock market prices ate into the household balance sheet. Net worth dropped to $104.3 trillion as the year came to...
Gender equality can lead companies to make more money, Bank of America says
There is one simple solution for companies to make more money, Bank of America Merrill Lynch research shows: Hire more women. Haim Israel, an equity strategist at Bank of America Merrill Lynch, said in a note to clients Wednesday that...
The Fed doesn’t have to worry about high inflation anymore, and that’s a problem
There was a time not so long ago that defeating inflation would have been considered a huge victory for the Federal Reserve. No more: The lack of price and wage pressures in the economy these days is perhaps the central...
EURCAD Bulls Give Up Rally at the Upper Bollinger Band; Golden Cross Eyed
EURCAD is going downhill in the 4-hour chart, retracing all the gains it collected on Wednesday after piercing the upper Bollinger band. The MACD has slipped below its red signal line and the RSI dipped below its 50 neutral mark,...
USDCHF Advances With Strong Momentum in Short-Term
USDCHF has come under renewed buying interest over the last four days and today is still increasing its positive momentum. Technically, the red Tenkan-sen line is pointing upwards, indicating a bullish move, while the RSI is aggressively moving towards the...
EUR/JPY: Retains Downside Pressure With Eyes On 125.53 Zone
EURJPY retains downside pressure with eyes on 125.53 zone. Support comes in at the 125.50 level where a break if seen will aim at the 125.00 level. A cut through here will turn focus to the 124.50 level and possibly...
EUR/USD Dives after All-the-Way Dovish ECB, Heading Towards 1.1215 Low
Euro tumbles broadly after ECB delivered and all-the-way dovish meeting. There will be no rate hike until at least 2020. New TLTRO-III is announced. ECB expects sizeable moderation in growth. GDP growth forecast was revised down substantially. Yet, risks surrounding...