Sterling Unchanged Ahead Of Preliminary Q2 GDP Data
The yen moved slightly lower after the Japanese statistics office released the preliminary reading of the second quarter GDP data. Numbers showed that the economy expanded by 1.8%. This was higher than the consensus estimates of 0.4% but lower than...
Elliott Wave View: Selling Pressure In Oil Should Continue
Oil shows incomplete bearish sequence from April 23, 2019 high favoring further downside. The recent break below June 5, 2019 low (50.60) confirms the double three Elliott Wave structure from April 23 high and suggests the next leg lower has...
Sterling Soft as Markets Await UK GDP and Productions
Sterling stays soft in Asian session and remain the second worst performing one for the week. Risk of no-deal Brexit continues to weigh on the Pound. UK GDP and production data could add more selling pressure. For the week, New...
Stocks making the biggest moves after hours: Uber, Yelp, and Farfetch
A man checks his smartphone while standing among illuminated screens bearing the Uber logo. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Uber plummeted 12% before settling 4% below its...
JP Morgan’s top stock market analysts say hold on tight and buy this market dip
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters For investors fearful of more trade-war bombshells, the worst is over and it’s go time, according to J.P. Morgan. That’s the joint view of Marko...
FIS-Worldpay’s $43 billion merger a sure sign scale is paramount in payments
The closure of a $43 billion deal between FIS and Worldpay last week – the biggest deal in the payments M&A space to date – is a sign that consolidation pressure is building in the space. “With the introduction of...
As the Trade War Fires Up, What’s Next for Markets?
The trade war between Washington and Beijing has flared up, and looks likely to intensify even further, as Trump may use the conflict to score political points ahead of the 2020 US election. In the markets, while stocks may feel...
GBPAUD Fails to Exit Descending Channel and Drifts Lower
GBPAUD attempted forcefully to exit the descending channel and breach at once the 1.8200 level and the lower bound of the Ichimoku cloud but its efforts proved fruitless, with the price slipping back to the 1.78 hurdle on Thursday. The...
High-risk Nepal is the number-one improver in Euromoney’s risk survey
On the up – but still a mountain to climb… Famous perhaps only for playing partial host to the world’s highest mountain, Nepal has reached the summit in another respect lately by becoming the most improved country in Euromoney’s crowd-sourcing...
Sterling Under Pressure as Johnson Might Delay General Election after Brexit Date
Sterling is back under pressure again in early US session and is trading as the weakest for today. Prime Minister Boris Johnson urged MPs to keep the promise to people an deliver Brexit on October 31. At the same time...
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