What they said about CIB in Q3 ’19: a guide to bank results
Investment bank quarterly heatmaps numbers are percentage change figures for Q3 ’19 vs Q3 ’18, then YTD ’19 vs YTD ’18 1 CIB is ICS+IB at GS, IS at MS, GB+GM at BAML, CIB at JPM, ICG at Citi, IB...
USD/CAD Limping ahead of US CPI
It has been a rather quiet day in FX with the lack of any major Eurozone or North American data to drive the markets. Although Trump took to twitter to again criticize the Fed, this had minimal impact on the...
US CPI Eyed: GBP/USD to 1.2815?
Pound rallies as wages unexpectedly rise The pound was experiencing a rare up day, rebounding from a 4-month low as investors reacted to the better than expected employment data. UK unemployment held steady at a 44-year low whilst UK average...
Gold Bulls Face First Test
We’re seeing some more profit taking in gold on Tuesday, with the rebound in the dollar and stronger risk appetite likely contributing to the declines. Gold failed to break above $1,350 on this occasion, or hold above the February high,...
Don’t expect a China deal at G-20, former Trump trade advisor says
U.S. President Donald Trump and Chinese President Xi Jinping during the plenary session at the G20 Summit on July 7, 2017 in Hamburg, Germany. Mikhail Svetlov | Getty Images A former top trade advisor to President Donald Trump says he...
‘Tariff Man’ Trump heads to Iowa, a state scarred by his trade war ahead of 2020
President Donald Trump speaks with reporters as he departs the White House, in Washington, DC, on May 30, 2019. Jim Watson | AFP | Getty Images President Donald Trump heads to Iowa on Tuesday as he tries to limit the...
Sterling Recovers on Wage Growth, Euro Shrugs Poor Investor Confidence
Sterling recovers broadly today as lifted by stronger than expected wage growth. A key BoE official also noted that interest rate might have to rise more quickly than market expected. Though, upside of the Pound is capped so far, by...
Trump touts low inflation moments after his onetime Fed pick argued for a rate cut to boost it
Conservative economics writer Stephen Moore told CNBC on Tuesday that the Federal Reserve needs to cut interest rates to boost persistently low inflation. “If you do that, I think you will see a nice boom in the economy,” said Moore,...
Stocks making the biggest moves premarket: Shutterfly, Barnes & Noble, Beyond Meat & more
Check out the companies making headlines before the bell: Shutterfly – Shutterfly agreed to be bought by private-equity firm Apollo Global for $51 per share, or about $1.7 billion. Apollo is also buying another online photo service, Snapfish, for about...
Trading Reversals with the Harami Candlestick
Harami Candlestick and Reversal Patterns: Main Talking Points Reversal patterns are very popular in technical trading which can allow traders to capitalise on changes in market trends The Harami candlestick is highly recognisable and can catch a reversal pattern at...