Yen Surges on Renewed Weakness in Treasury Yields
Yen rises broadly today as major treasury yields are resuming recent decline. German 10-year yield hits new record low at -0.33 while US 10-year yield is back below 2.0 handle. Though, New Zealand Dollar is even stronger as record export...
Yen & Gold Jumps on Fresh Iran Sanctions, Dollar Awaits Fed Powell
Yen and Gold surge today as global sentiments are weighed down by new US sanctions on Iran. In particular, Gold hits as high as 1439 and is currently up more than 1%. Nevertheless, New Zealand Dollar outshines Yen and is...
GBPUSD Bullish Above 1.2730
The British pound is attempting to gain upside momentum against the greenback after slipping back towards the 1.2700 level in early week trade. GBPUSD bulls need to sustain price above the 1.2730 level and stage a breakout above the 1.2770...
USD/CAD Canadian Dollar Higher On Dollar Softness
The Canadian dollar rose 0.28 percent on Monday against the US dollar. The greenback is still on the backfoot after the Fed took out the patient language from its FOMC and today President Trump criticized the missed opportunity of not...
Britain’s popular digital bank Monzo doubles valuation to $2.5 billion
Tom Blomfield | Monzo Monzo U.K. online bank Monzo has raised £113 million ($144 million) in a fresh round of funding led by the U.S. start-up accelerator Y Combinator. Y Combinator, which has helped create companies such as Airbnb and...
The Bank of England’s recipe for managed decline
In any legal business, the ability to operate is at the discretion of the government. This is particularly true in banking, where a licence has traditionally been akin to a financial system sinecure. Now, ultra-low and negative central bank interest...
Fed’s Kaplan says it’s ‘too early’ to decide if interest rates need to be cut
Robert Kaplan Hailey Lee | CNBC Dallas Fed Robert Kaplan called on his fellow central bankers to continue to be patient as economic events unfold before making changes to interest rates. In an essay delivered Monday, Kaplan said he is...
Bitcoin rallies above $11,000 through the weekend, nearing a 15-month high
Bitcoin is closing in on its highest level in more than a year after soaring above $11,000 over the weekend. The world’s first and largest cryptocurrency hit a high of above $11,307.69 Sunday evening, bringing its one-week gains to more...
AUDJPY Stabilizes Near 6-Month Low; Outlook Still Negative
AUDJPY touched a 6-month low of 73.90 last week, with price action taking place below both the 50- and 200-day simple moving averages (SMAs). Additionally, the price structure consists of lower highs and lower lows, confirming that the broader downtrend...
5 Things Traders are Reacting to
1. China’s Jinping confirms Trump meeting The market’s reaction to news China’s Jinping Xi will meet Trump on the side-line at the G20, has been tame. A meeting between the two is clearly a step in the right direction, but...
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