Massive Airbus Deals Boosts France’s CAC Index
The French blue-chip CAC index has climbed by 0.70% on Tuesday. Currently, the CAC is trading at 5298, up 0.72%. The index has improved this week, after suffering losses of over 2.0% on Friday. The DAX has posted small gains...
Investors Are Nervous About A Possible US Recession
Stock markets lost more than 2.5% during sell-off since the end of last week on fears that debt markets give a signal of an imminent U.S. recession. However, the global currency markets remained calm, and this, in our opinion, provides...
Bank of America’s tech chief is skeptical on blockchain despite having the most patents for it
For half a decade, Bank of America has quietly been preparing for a future in which the world of finance migrates to the blockchain. Under tech and operations chief Cathy Bessant, the giant bank has accumulated the most patents for...
Sterling Range Bound after Parliament Took Control on Brexit, Votes on Alternatives Next
The forex markets are relatively mixed this week, in particular Sterling. Pound is staying inside familiar range even though the Parliament finally seized control over Brexit from the government. Focus will turn to Wednesday’s indicative votes but it’s uncertain whether...
Elliott Wave View: Nikkei Rally Likely Fails For Further Downside
Elliott Wave view is calling an end to Nikkei’s rally from December 26, 2018 low with wave X at 21884. The Index should resume the move lower and should eventually break below wave December 26, 2018 low. Or at minimum,...
RBNZ Preview – Can RBNZ Maintain Neutral Stance amidst Deteriorating Outlook?
RBNZ is expected to leave the cash rate at 1.75% in March. However, as both domestic and global economic slowdown has intensified since the February meeting, we doubt if the central bank could maintain the guidance that next rate change...
GBP/USD Approaching Crucial Resistance Near 1.3300
Key Highlights The British Pound recovered nicely after trading towards the 1.3000 support against the US Dollar. A major bullish trend line is in place with support at 1.3120 on the 4-hours chart of GBP/USD. The Chicago Fed National Activity...
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...
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