Fed & ECB Turned Dovish, But It’s Too Early to Confirm July Policy Actions
Major global central bankers sang a chorus of dovishness last week. Most importantly, both ECB and Fed signaled the possibility of rate cuts ahead. Comparatively, RBA’s indication of more rate cut was not much a surprise. In the background, it...
Trading the Bullish Engulfing Candle
Bullish Engulfing Candlestick Pattern: Main Talking Points The bullish engulfing candle is one of the forex market’s most clear-cut price action signals. Many traders will use this candlestick pattern to identify price reversals and continuations to support their trading strategies....
Investor Karen Firestone: What the pros do when they are underperforming (other than panic)
A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images Three weeks ago, we had a few of our worst days...
Is the financial world ready to trust Facebook?
It started on Monday as a trickle. By Wednesday it was a torrent. Comments arriving in my inbox from crypto enthusiasts cheering Facebook’s new stablecoin mostly predicted speedy and successful mass adoption thanks to the company’s 2.4 billion monthly active...
Shanghai tech board prepares for liftoff as Suzhou HYC starts roadshow
On Friday, Suzhou HYC set off on a roadshow for a landmark IPO: the very first to take place on Shanghai’s technology board for innovative companies, also known locally as the Star market. How does this differ from any other...
Weekly Economic and Financial Commentary: Fed Positions for Rate Cut
U.S. Review Fed Positions for Rate Cut The Fed kept rates unchanged this week but opened the door to easing later this year by noting the heightened uncertainty to the economic outlook and the persistent undershoot of inflation. With inflationary...
The Weekly Bottom Line: Data Affords BoC Chance To Be Patient
U.S. Highlights The biggest event this week was the Fed’s pivot away from patience. It is now poised to act in the event of a further deterioration in the outlook. This cheered markets, with stocks and bonds rallying. The Fed’s...
Week Ahead: RBNZ, Eurozone CPI and G20 Meetings
This week was all about the major central banks as the race to zero and beyond resumed, with the Fed and ECB signalling potential rate cuts while the BoE was slightly less hawkish than had been expected. The RBA’s governor...
Johnson and Wood lead CLSA march to Jefferies
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Chris Wright Published on: Friday, June 21, 2019 The exodus of staff from CLSA is gathering pace. Following the departure of the CEO and chairman from CLSA in recent months,...