USD/JPY Is Supported By 55-Hour SMA
During Monday’s trading session, the 55-hour simple moving average supported the rate to end the trading session at 111.80. On Tuesday morning, the currency exchange rate was located at the 111.93 mark. In regards to the near-term future, most likely,...
Macaskill on markets: Forese vs Kelleher – the final scorecard
Forese and Kelleher both made, arguably, more substantive contributions to the post-crisis recoveries of their two banks than their bosses Michael Corbat, chief executive at Citigroup, and James Gorman, Morgan Stanley’s CEO. They also inspired more personal loyalty than their...
Sideways: Priam and the AI Trojan horse
The firm is also part of a consortium of dealers aiming to develop a new corporate bond platform in an initiative dubbed Project Mars. It would not take long for a machine-learning tool like Priam to scour the internet and...
Environmental financing: Someone get the CEO of Bayer an aspirin
It was Earth Day in April when we are reminded once again how we need to stop destroying the planet. A trip to the home and garden chain, Lowes, over that weekend underscored the need for reminders. In the garden...
Ethiopia offers opportunities as high risks gently subside
Take notice: Much like PM Abiy Ahmed’s sartorial choice, his political and economic decisions also point to a brighter future for Ethiopia Euromoney’s latest country risk survey shows Ethiopia to be one of the most improved sovereign borrowers this year....
Dollar Supported by Improving Yield Curve, Yet to Take Out Key Resistance
The financial markets are relatively quite in Asia today. Stocks turned mixed following the pull back in US overnight. But losses are limited while the resilient Chinese SSE is having slight gain. Chinese government lowered 2019 growth target to 6.0-6.5%,...
Elliott Wave View: S&P 500 (SPX) Correction Should Find Buyers Again
Short Term Elliott Wave view in S&P 500 (SPX) suggests the rally from December 26, 2018 low (2348.50) is unfolding as an impulse. Index has ended wave ((3)) of this impulse move at 2816.88. In the chart below, we can...
ECB Preview: The Loan Time Is Running Out (TLTRO)
Executive Summary The ECB will probably downgrade its GDP and CPI forecasts at its announcement on Thursday. We do not expect any changes to forward guidance on interest rates. We will also be watching closely for any news on Targeted...
GBP/USD Rally Unwinds But Not Likely Over
Key Highlights The British Pound surged above 1.3250 before sellers appeared near 1.3350 against the US Dollar. A major declining channel is in place with resistance near 1.3240 on the 4-hours chart of GBP/USD. The UK Construction PMI declined from...
Markets Continue Mechanical Links To US Equities
Markets continue mechanical links to US equities Wall Street pared its gains overnight as US construction spending fell 0.6% unexpectedly overnight. This took the froth off the markets, which started the week in the green as the US and China...
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