As stocks struggle to break to new highs, markets could be swayed by Fed speakers, trade
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images Developments in U.S.-Chinese trade talks and the comments...
Goldman Sachs CEO David Solomon has a music label called Payback Records
Goldman Sachs CEO David Solomon performs at Schimanski night club in Brooklyn, New York, October 14, 2018. Trevor Hunnicutt | Reuters To the many titles of David Solomon, including CEO of Goldman Sachs and electronic music performer DJ D-Sol, add...
Mexico risk to Pacific Alliance’s IG club status
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: SContreras@Euromoney.com By: Published on: Friday, September 20, 2019 Three-quarters of fund managers that responded to a recent Bank of America Merrill Lynch survey think that Mexico is going to lose...
Eurozone Flash PMIs to Hold Steady, Unlikely to Knock Euro Out of Range
The preliminary readings for the September PMIs are due out of the Eurozone on Monday at 08:00 GMT. The data will be closely watched as there have been some signs that business confidence has started to perk up lately, albeit...
Fed’s Rosengren says the US has survived the trade war and doesn’t need rate cuts
The U.S. economy has weathered the global slowdown and the tariff war with China and doesn’t need lower interest rates, Boston Federal Reserve President Eric Rosengren said Friday. Rosengren was one of two central bank officials to vote against Wednesday’s...
GBPNZD’s Nearly 2-Month Rally Dries up ahead of May High
GBPNZD after a decisive push north on September 13, fell inches short of the May high of 2.0020, plotting a shooting star suggesting the bears have taken control. The pattern was followed by an engulfing candle, backed by the momentum...
EUR/USD Outlook: Euro Eases Towards 1.10 Support after Repeated Rejection at Trendline Resistance
The Euro fell near 1.10 support in mid-European/early US trading on Friday, following repeated upside rejection at bear-trendline, drawn from 1.1412 (25 June high) and reinforced by falling 30DMA. The US dollar regained traction on Friday, pushing the single currency...
Fed Vice Chair Clarida says the Fed will take interest rate policy ‘meeting by meeting’
The Federal Reserve is taking a meeting-by-meeting approach to setting interest rates and for now is not committed to a set course of action ahead, Vice Chairman Richard Clarida told CNBC. “We’re gonna take this meeting by meeting. We’re not on a...
Dollar Regains Ground after US Exempts Some Tariffs on China
Dollar regains some ground in early US session as US exempts tariffs on some Chinese products temporarily. It seems that both sides are keen to create the right mood for continuing negotiations, at least for now. Though, at this points,...
GBPAUD Spikes To 4-Month High, Additional Gains Could Be Limited
GBPAUD stretched Thursday’s impressive rally to a four-month high of 1.8492 on Friday and is ready to close the week up by 1.7%. The RSI has also picked up steam and is currently pointing towards its 70 overbought mark, while...