Off the record: Celebrating 50 years of Euromoney
“A marriage of German flair and Italian efficiency” A commentator’s description of UniCredit’s $16 billion takeover of HVB Group in June 2005 “OK, if there were a big credit event, and if it coincided with one of the dealers going...
Brad Pitt and Laurene Powell Jobs are reportedly invested in a mysterious ‘cold fusion’ energy company
Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles. Getty Images Hollywood star Brad Pitt, Steve Job’s widow Laurene Powell Jobs and UK-based stock-picker Neil Woodford are...
Gold Pares Gains Post US Retail Sales
US retail sales in May beat expectations, increasing by 0.5%, more than the 0.4% that was expected. April figures were also revised upwards. The dollar strengthened on the release; gold fell away from its session high and year to date...
Gold Soars Through $1,350
Gold hasn’t hesitated to capitalize on the risk averse markets, soaring through $1,350 today to hit a 14-month high. The yellow metal has run straight into resistance again though around $1,360, which coincides with the peaks we saw throughout 2017...
China Weekly Letter – Xi-Trump Meeting Crucial for Next Stage in Trade War
Xi Jinping-Donald Trump meeting to be crucial for the next stage of the trade war. Weak US data likely to put pressure on Trump soon. China opens up for more infrastructure stimulus, data for May was mixed. The People’s Bank...
US business inventories rebound; sales fall
An employee operates a forklift at the distribution center of the Oregon Freeze Dry facility in Tangent, Oregon. Leah Nash | Bloomberg | Getty Images U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected...
The Fed is likely to drop ‘patient’ word this week, clearing way for July cut, economists say
Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. Leah Millis | Reuters Even with President Donald Trump and the markets calling for lower...
The Fed is likely to drop ‘patient’ word next week, clearing way for July cut, economists say
Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. Leah Millis | Reuters Even with President Donald Trump and the markets calling for lower...
GBPUSD Turns Lower On More Bearishness
GBPUSD turns lower on more bearishness following its recent weakness. Support lies at 1.2600 as it looks for more weakness. Below that level will turn attention to the 1.2550 level. Further down, support comes in at the 1.2500 level where...
EUR/USD Outlook: Euro Falls Further after Strong US Retail Sales
The Euro accelerated lower after Strong US retail sales (May 0.5% vs Apr 0.3%, revised upward from -0.2%) inflated dollar and reduced greatly probability of rate cut on FOMC policy meeting next week. Fresh weakness surged through Fibo support at...
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