RBA Preview – Expecting a Dovish Shift on Monetary Policy Stance
The lack of momentum in economic activities would soon dent RBA’s hope of higher household consumption (and eventually higher inflation), as a result of further decline in the unemployment rate. We expect the central bank to turn more cautious at...
Yen Softer as Stocks & Yields Rebound, Pounds Awaits Another Brexit Vote
Yen is under some mild selling pressure today as China stocks lead Asian markets higher. While US 10-year yield failed to sustain above 2.4 handle overnight, it looks like recent decline has stabilized some what. And some more recovery in...
Elliott Wave View: Short Term Weakness In Silver
Silver broke below March 7 low ($14.96) and shows a sequence of lower low from Feb 21 high ($16.2), suggesting further downside is likely in the shorter cycle. The decline from Feb 21 looks is unfolding as a zigzag Elliott...
Mnuchin says US-China trade talks were ‘constructive’
U.S. Treasury Secretary Steven Mnuchin said in a tweet on Friday that he and U.S. Trade Representative Robert Lighthizer had concluded “constructive” trade talks in Beijing. “I look forward to welcoming China’s Vice Premier Liu He to continue these important...
GBPUSD Pound Falls On Brexit With Too Many Options Too Little Time
The British pound fell 1.05 percent on Thursday ahead of Friday’s vote on the Brexit agreement. The third time is not likely to be the charm for British PM Theresa May who has each time picked up marginal wins. She...
USD/CAD Canadian Dollar Falls On Dollar Strength And Soft Commodities
The Canadian dollar lost 0.25 percent on Thursday as the US dollar rose on safe haven flows boosting the greenback. Commodities offered no support for the loonie with gold and oil under pressure from the advance of the US dollar...
Gold Plunges Despite Falling Bond Yields
Gold and silver have failed to shine despite falling bond yields in recent days, and today both metals slumped hard. The metals’ poor performance may be due to several reasons, rather than just one factor. For a start, the US...
US banking inches closer to ESG alignment
Aspiration’s chief executive and co-founder Andrei Cherny In March, JPMorgan Chase announced it would stop financing GEO Group and CoreCivic – the largest operators of private prisons and immigration detention centres in the US. The decision follows months of protests from...
Tim Sloan’s departure from Wells Fargo is a ‘big mistake,’ says management guru Jeff Sonnenfeld
Tim Sloan was a “great” CEO for Wells Fargo, and it’s “unfair” that he has to step down, management expert Jeffrey Sonnenfeld told CNBC on Thursday. The bank announced on Thursday the embattled CEO will retire in June. He became...
Barclays: Cometh the hour, exit the man
What do you do if you decide someone is superfluous to requirements, but you don’t want to make it all about him? Dress up his exit as a reorganization? Tim Throsby It’s certainly tempting to see a whiff of this...