WTI Outlook – Bulls Hit New 2019 High And Pressure Key Technical Barriers
WTI oil price hit new 2019 high at $63.51 on Monday (also highest since early Nov 2018), in extension of last Friday’s strong bullish acceleration and previous week’s 5.2% rally. OPEC+ group’s production cut and US sanctions against Iran and...
EUR/JPY Set For Breakout
The common European currency versus the Japanese Yen traded with low volatility on Friday. The 50-hour simple moving average provided support for the currency pair during Friday’s trading session. Today’s session began with bearish sentiment, and by the middle of...
Yen Mildly Higher While Dollar Softens. ECB, FOMC Minutes and US CPI the Focuses
Yen recovers notably in Asian session today but the recovery is not strong enough to warrant a sustainable rebound yet. Meanwhile, Australian and New Zealand Dollar are generally pressured while there is no apparent sign of risk aversion. The economic...
Market Morning Briefing: Pound Is Trading Above Support At 1.30
STOCKS Among the indices, the Dow and Shanghai remains bullish. DAX and Nikkei have key resistances ahead and a near-term pull-back cannot be ruled out in them before further upmove. Sensex looks mixed while the Nifty seems to have the...
From danger zone to sweet spot, BNY Mellon picks Europe as top global play
Much of Wall Street may consider Europe a danger zone for investors, but BNY Mellon’s Alicia Levine lists it as one of her top market plays. Levine, the firm’s chief strategist, believes big gains are in store for the battered...
Herman Cain on possible Fed nomination: ‘The people who hate me are digging up negative stuff’
Herman Cain addressed President Donald Trump’s recent announcement that he wants the former pizza chain CEO and Kansas City Fed chairman to join the Federal Reserve Board. In video posted on Facebook, Cain said that a background check would be...
Herman Cain and Stephen Moore are the beginning of Trump’s ‘politicization’ of the Fed: Barclays
President Donald Trump’s potential nominations of Stephen Moore and Herman Cain to the Federal Reserve could be the beginning of a politicization of the central bank, according to Barclays’ chief U.S. economist. “When it comes to nominees, most people that...
Fundamentals Improved But Uncertainties Remain, Forex Markets Isolated From Optimism Elsewhere
After a strong Q1, risk appetite extended into the first week of Q2. The most notable improvements were seen in the bond markets, as German 10-year yield turned positive again. US 10-year yield also reclaimed 2.5 handle. However, stocks and...
Deutsche Bank Middle East CEO admits market sentiment is poor for Gulf economies
Market sentiment is not great for Gulf states at the moment, Deutsche Bank’s Middle East and Africa CEO said Wednesday, acknowledging the concerns that investors have held about the region in recent years. “The private sector across the region, frankly,...
The business risk of voting against climate change proposals
In April, Equinor agreed to make strengthened commitments on climate change, following engagement with Climate Action 100+, an initiative created by investor and shareholder groups to work with 100 of the world’s largest emitters. Investor signatories led by UBS Asset Management,...
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