Bond market says not only is a recession coming, but the Fed will cut interest rates to stop it
The bond market doubled down on scary warnings Monday, signaling both a possible recession is looming and that the Fed could have to cut interest rates this year to stop it. “People are starting to get fearful,” said Andrew Brenner...
Middle East: The Gulf’s banks improve their Asia focus
Trade between the Middle East and Asia grows and becomes more complex, integrated and interdependent with each passing year. An estimated 45% of Middle East trade is now with Asia, against 14% with the US and just 7% with Europe. ...
Gold Climbs to 4-Week High as Risk Apprehension Jumps
Gold has posted strong gains to kick off the week. In Monday’s North American session, the spot price for one ounce of gold is $1322.50, up 0.69% on the day. The metal is currently at its highest level since the...
British Pound Steady, But More Brexit Drama Looms
GBP/USD is almost unchanged in the Monday session. In North American trade, the pair is trading at 1.3228, up 0.14% on the day. It’s a quiet session for fundamentals, with no data events. In the U.S., the sole events are...
GBP/USD Outlook: Pound Ticks Higher on News of Possible MV3 on Tuesday but Still Directionless
Cable spiked to session high at 1.3246 on comments that the third parliament’s vote on Brexit plan could be tomorrow. Pound remains volatile and very sensitive on any news regarding Brexit, though there is still long way until satisfactory solution....
The SNB: A Forex Trader’s Guide
The Swiss National Bank (SNB) is Switzerland’s Central bank. Their mission is to promote and maintain monetary and financial stability. It is important for traders to keep up to date with the SNB’s latest changes to monetary policy because it...
GOLD Looks To Pullbacks On Corrective Weakness
GOLD looks to pullback on corrective weakness. While the commodity trades below the 1,320.35 level, risk of more decline remains. The commodity looks to move higher towards the 1,320.00 resistance zone. Further out, resistance resides at the 1,330.00 level where...
Canadian Dollar Unchanged on Light-Data Calendar
The Canadian dollar is unchanged on Monday, after USD/CAD rallied late last week. In the North American session, the pair is trading at 1.3430, unchanged on the day. There are no economic indicators on the schedule. In the U.S., we’ll...
Sentiments Stabilized after German Confidence Data, Brexit to Take Spotlight Again
Market sentiments generally stabilized today after initial selloff in Asia. While major European indices are still in red, losses are so far very limited. German 10-year bund yield even managed to turn positive briefly. Better than expected German Ifo Business...
European FX Handover
DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this...
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