Hedge fund manager Dan Niles says he went short on Netflix shares ‘very, very recently’
AlphaOne Capital Partners founding partner Dan Niles just started shorting Netflix. “Netflix was actually one of our best profit generators last year on the short side. A lot of this is timing… we weren’t short on Netflix on Dec. 24....
Employing more women could boost economies by 35 percent, says IMF chief Christine Lagarde
Hiring more women and abolishing discriminatory laws would significantly boost the world economy, according to Christine Lagarde. In a recent interview with The Guardian, the head of the International Monetary Fund argues that countries ranked in the bottom 50 percent...
ECB Meeting: Acknowledging Weakness, Hinting at TLTROs?
The European Central Bank (ECB) will conclude its policy meeting on Thursday at 12:45 GMT, with a press conference by President Draghi to follow at 13:30 GMT. The Eurozone economy is struggling, and market attention will thus be on whether...
Markets Could Shrug Off Weak Chinese Trade Data after Fiscal Boost and as US Deal Edges Closer
China will publish monthly trade numbers on Friday with exports seen to have fallen back in February after January’s unexpected surge. But with the country’s negotiators closing in on a trade deal with the United States and the government announcing...
GBPAUD Eases after Hitting 4-Month High
GBPAUD is set to complete the third straight negative day following the pullback on the 1.8730 resistance level. A crucial battle is currently taking place around the 1.8520 support, as any decisive step lower could activate a bearish correction mode....
Greenback Pushes Canadian Dollar above 1.33
The Canadian dollar remains under pressure in the Tuesday session. Currently, the pair is trading at 1.3337, up 0.25% on the day. On the release front, there are no Canadian events. The highlight in the U.S. is ISM Non-Manufacturing PMI,...
GBP/USD Outlook: Pound Falls Further on Renewed Fears of No-Deal Brexit
Cable fell further on Tuesday as the sentiment soured by news that risk of no -deal Brexit returns to play. Top UK officials went to Brussels in last attempts to secure changes to PM May’s Brexit deal through the parliament...
Sterling Suffers Fresh Selling on Irish Backstop Deadlock, Dollar Still Attempting to Rally
Sterling trades broadly lower today and suffers fresh selling in early US session. Some attributes the decline to reports that UK Attorney General Geoffrey Cox and Brexit Minister Stephen Barclay won’t get any breakthrough on Irish backstop in Brussels today....
Strong German Services PMI, Retail Sales Fails to Boost DAX
The DAX index is showing limited movement in the Tuesday session, after considerable losses on Monday. Currently, the DAX is at 11,576, down 0.15% on the day. It’s a busy day in the eurozone, with the focus on services PMI...
WTI Oil Outlook: US Crude Stocks Reports Eyed For Fresh Signals
WTI oil holds bullish bias on Tuesday, following strong fall last Friday and recovery rejection on Monday. Restart of some wells of Libya’s biggest oilfield, initially pressured oil price, but the downside remains supported for now, despite weakening daily indicators...
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