Morgan Stanley: Risk of a global recession is ‘high and rising’
A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City. Doug Kantor | AFP | Getty Images The downtrend in some global economies is becoming contagious as weakness in the...
Trump says the Fed is the ‘only problem’ with the economy, calls Powell ‘a golfer who can’t putt’
Donald Trump plays a round of golf after the opening of The Trump International Golf Links Course on July 10, 2012 in Balmedie, Scotland. Ian MacNicol | Getty Images President Donald Trump insisted Wednesday that the economy is healthy and...
Bank of America CEO Moynihan says the consumer is doing well and will keep US economy going
Bank of America CEO Brian Moynihan is not worried about a potential U.S. economic slowdown, saying the American consumer is still in a strong place and can keep the economy growing. “The underlying consumer is doing well and making more...
Target CEO: The US trade war creates ‘uncertainty’ and ‘complexity’
A Target worker helps a customer at a Target store in San Rafael, California. Justin Sullivan | Getty Images The festering U.S.-China trade war creates problems for retailers like Target, CEO Brian Cornell said Wednesday. “As long as the trade...
Top tech analyst says electric vehicles from Jaguar and Audi are stealing market share from Tesla
Adam Jeffery | CNBC Adam Jeffery | CNBC Competition is weighing on Tesla’s sales, according to A.B. Bernstein. The firm said increased competition abroad is responsible for the recent weakness in Tesla’s sales volume. “Our analysis suggests that the deteriorating...
US Open – Stock Rally Resumes, Weak Demand For Bunds, Oil Rises On API Report, Gold Steadies, And Bitcoin Falls
Markets are slowly grinding higher as yesterday’s slump disappears following some stability with bond yields. A significant rally however will be difficult until traders have clarity on the Fed’s policy path. Today’s release of the FOMC minutes could show how...
EUR/USD Pressured By 100-Hour SMA
During Tuesday, the EUR/USD currency pair tried to surpass the resistance formed by the 100-hour SMA at 1.1098. During today’s morning, the pair was testing the given support. If the given moving average holds, it is likely, that a reversal...
Trump says he had to ‘take China on,’ regardless of the short-term impact on US economy
President Donald Trump on Tuesday said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades. Trump’s strongly worded comments came hours before his government...
Markets in Consolidation, But Risk Aversion Ready to Come Back Soon
Directions in the forex markets are not very clear for now as consolidations continued. There were lots of reasons for a move but traders remained generally cautious. The US is stepping up its hardline rhetoric on China, and prompted some...
USDCAD Rejects Lower Prices With Eyes On 1.3400 Level
USDCAD rejects lower prices with eyes on 1.3400 level as it retains its medium term uptrend. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200...
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