The Weekly Bottom Line: Tough Road Ahead For The Bank of Canada
U.S. Highlights There was no summer vacation from financial market volatility this week as investors were increasingly worried that the global economy is about to slip into recession. The difference between the 10 and 2-Year Treasury yields turned briefly negative...
Forward Guidance: Trade Risks Remain – But Lower Rates Easing Headwinds for Households
The two-step-forward, one-step back escalation in US-China trade tensions had a one-step back week with the Trump administration announcing the 3½-month delay of about 60% of a promised 10% tariff hike on imports from China planned for September 1st. The...
Markets Rebound as US Recession Fears Ease
The US Dollar is mixed on Friday as risk appetite returns ahead of the weekend after a volatile week battered stock markets and drove safe havens higher. On a weekly basis the greenback will be higher against most major pairs....
US Dollar at Key Resistance Heading into the Weekend
Today’s price action in the US Dollar (DXY) gave the markets reason for a pause in its ascent back towards the recent highs near 99.00, closing below key resistance near 98.20. On a daily candlestick chart, today’s bar was a...
AUD vs NZD: Who is Winning?
The Australian Dollar and the New Zealand Dollar are two commodity currencies that are heavily dependent on China as a trading partner. As the slowdown in China continues, it directly effects the economies of Australia and New Zealand. With no...
Jeffrey Epstein’s ex-cellmate cleared after probe into earlier possible suicide attempt, lawyer says
U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services’ sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services...
Here’s what Powell could say at Jackson Hole to soothe the roller coaster markets
Esther George, John Williams and Jerome Powell, at Jackson Hole, Wyoming, August 24, 2018. David A. Grogan | CNBC If the markets get their way, Fed Chairman Jerome Powell will use the Fed’s Jackson Hole symposium to clarify whether the...
Danske wields risk axe after Estonia money laundering scandal
In an era when compliance heads have unprecedented importance in banking, there is perhaps no other major financial institution in the world where the role is quite as crucial as it is at Danske Bank. Philippe Vollot became the Danish...
Stocks making the biggest moves midday: General Electric, Nvidia, Dillard’s & more
Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading on Friday: General Electric...
The Federal Reserve Bank: A Forex Trader’s Guide
The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Find out about the history of...
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