WeWork: Neumann redefines key man risk as IPO looms
Adam Neumann, co-founder and CEO of WeWork, is understood to have cashed out roughly $700 million from the company Lending money to charismatic chief executives of valued clients has long been an important business line for the world’s investment banks, but...
China Weekly Letter: Economy Weakens, Hong Kong Protests Reach New Peak
Data point to more weakness in Q3, China plans more consumer stimulus Hong Kong protests calm down after violence hits a new peak Another bumpy week in the trade war Industrial growth lowest since 1990, more stimulus coming Chinese data...
US consumer sentiment for August comes in well below estimates
Customers look on as a Walmart cashier rings up their purchases at a Walmart store on August 15, 2019 in Richmond, California. Justin Sullivan | Getty Images U.S. consumer sentiment fell to 92.1 in August, the lowest indicator readout since...
Euro Selloff Continues as German 10-Year Yield Hits Another Record Low Below -0.7%
Selloff in Euro picks up momentum again today as Germany yields dive on ECB easing expectations. Swiss Franc is also pressured as SNB could sometime be forced to intervene. Yen is the third weakest, following rebound in stocks rather than...
US housing starts drop for third straight month
U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market. Housing starts dropped...
ZAR/JPY 1H Chart: Long-Term Channel In Sight
The ZAR/JPY currency pair has been trading downwards since the end of July after it reversed south from the upper boundary of the long-term descending channel at 7.81. Currently, the exchange rate is testing the lower channel line at 6.85....
TRY/JPY 1H Chart: Two Scenarios Likely
The Turkish Lira has been appreciating against the Japanese Yen within the ascending channel since the beginning of May. As apparent on the chart, the TRY/JPY currency pair is testing its lower boundary at 18.80. From a theoretical perspective, short-term...
CAD/CHF 4H Chart: Could Go Down
The CAD/CHF currency pair has been trading down since the beginning of July after the pair failed to surpass the resistance level located near the 0.7606 marks. Currently, the exchange rate is trading near the upper boundary of a descending...
CHF/JPY 4H Chart: Trading Within Range
The CHF/JPY exchange rate has been trading between the 109.74/108.00 range since the beginning of August. The Swiss Franc depreciated about 1.53% in value against the Yen during last week’s trading sessions. As apparent on the 4(H) chart, the currency...
Silver Meets 2018 Peaks, Bias Neutral-To-Bearish
Silver topped near its 2018 peaks this week before pulling slightly back, with the MACD and the RSI pointing now to a neutral-to-bearish mode in the short-term; the former is increasing negative momentum below its red signal line, while the...
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