GBP/USD And EUR/GBP: British Pound Could Recover
GBP/USD started a decent upward move above the 1.2600 resistance. EUR/GBP is currently correcting lower towards the 0.8830 support area. Important Takeaways for GBP/USD and EUR/GBP The British Pound declined recently and tested the 1.2560 support area. There was a...
Market bull cuts exposure to stocks due to new Mexico tariff threat
Long-time market bull Phil Orlando just cut his exposure to stocks. The Federated Investors chief equity market strategist cites President Donald Trump’s new threat to impose 5% tariffs on Mexico imports for the decision. “In light of this growing uncertainty and expanded...
Are the wheels coming off BNP Paribas’ grand plan?
Today, February 6, BNP Paribas bowed to the inevitable and revised the targets it had set for corporate and institutional banking (CIB) revenue growth and cost savings in its 2017 to 2020 strategic plan. The move came after a year...
IEX research fans the flames of US exchange data feed pricing row
On January 7, a group of nine leading retail broker-dealers, banks, financial services firms and global market makers announced their agreement to launch an equities exchange, called MEMX, or Members Exchange. The consortium includes Morgan Stanley, Fidelity, Citadel Securities, Bank...
New highs are coming to stocks despite growing trade tensions, market bull Jeff Saut predicts
Wall Street bull Jeffrey Saut predicts the market will stabilize by mid-June despite growing trade tensions with China and Mexico. But first, he expects investors will have to get through a cruel couple of weeks. “Our models… are saying we...
Sentiment Sank on Trump’s Political Weaponization of Tariffs
Free fall in major government yields extended, and accelerated last week. Meanwhile, it seemed that stocks investors finally woke up with sharply deteriorating sentiments. Major indices staged steep decline as risk aversion heightened. The first factor being the “ever-present” US-China...
Here’s where investors can hide out and areas they should avoid as trade tensions intensify
Traders work on the floor at the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters Stocks posted their first negative month of the year as trade angst deepened, and it doesn’t get easier from here since...
‘The algorithm is our boss’: Uber drivers face long hours, no benefits and sometimes danger
Uber driver Sonam Lama. Annie Nova | CNBC AT 3 A.M., SONAM LAMA’S ALARM goes off. In his house in Queens, New York, while his wife and baby son sleep, he pulls on his clothes and makes coffee. Then he...
Weekly Economic and Financial Commentary: Markets Jitter as Trade War Escalates
U.S. Review Markets Jitter as Trade War Escalates Fear around the trade war remained top of mind for market participants this week, and helped instigate another inversion of the yield curve. There is no denying that the yield curve has...
The Weekly Bottom Line: Trade Tensions Still in the Spotlight
U.S. Highlights U.S.-China trade tensions continued to dominate headlines as both countries dig in for another round of negotiations under more strained circumstances. U.S. tariffs against Mexico appear to also be in the works. As trade tensions flare, investors have...
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