Hopes rise for US-China trade deal after Mueller report
With President Donald Trump in a stronger position now that the Mueller investigation is out of the way, China has more incentive reach a deal on U.S. trade, analysts say. Over the weekend, U.S. Attorney General William Barr said a...
GBP/USD And EUR/GBP: Pound Could Recover
GBP/USD started an upward move from the 1.3000 support and it could recover above 1.3240. EUR/GBP declined recently and broke the key 0.8600 support area. Important Takeaways for GBP/USD and EUR/GBP The British Pound is showing positive signs above the...
Risk Aversion Continues With Focus on German Ifo and Brexit
Risk aversion dominates in the Asian markets today as recession fears spread. But the currency markets are steady though. Major pairs and crosses are bounded inside Friday’s range at the time of writing, with mild weakest in Sterling and Swiss...
Dollar Rebounds With Market Focused On Apple’s Event
The dollar is higher in the Asia session after US Attorney General said the Muller report did not find sufficient evidence against President Donald Trump. Safe havens retreated slightly but will be on hand as another week filled with risk...
Oil Lower On Dollar Rebound
Energy prices are lower on Monday as the US dollar rebounds after the comments from the US Attorney General removed some uncertainty surrounding the White House. Oil rose after a surprise 9.6 million drawdown and the efforts of the OPEC+...
Investors shouldn’t get scared by latest market pullback: Federated
One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke. Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no...
Brexit or not, Prudential says it made sense to move some business to Luxembourg
Prudential, the United Kingdom’s largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain’s impending exit from the European Union. The insurer announced earlier this month that it was transferring 36 billion...
Sentiments Turned Very Fragile as Recession Fears Intensified
After the much more dovish than expected Fed economic projections and shockingly poor Eurozone manufacturing data, it looks like major world economies are at the brink recessions. German 10-year bund yield turned negative for the first time since 2016, and...
Euphoric IPO market may be a troubling sign for stocks
Billion-dollar private companies are stampeding to go public this spring. But fear, not excitement, may be driving the herd. After a slow first quarter for public offerings, denim giant Levi Strauss kicked off its debut this week, with shares popping...
European Recession Revisited
Fears of a Eurozone recession are back in the headlines today after a series of disappointing PMI figures from the currency bloc. The March manufacturing PMI declined more than expected to 47.6, the lowest level since 2013 (Figure 1). Some...
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