Day: September 27, 2019
The third quarter was a dud for stocks, but the fourth quarter could be full of surprises
Traders work on the floor of the New York Stock Exchange. Lucas Jackson | Reuters The third quarter wraps up in the week ahead with stocks just slightly higher for the period, after a summer of zigzag moves. The market faces some of the same challenges in the final quarter of the year, including Brexit, …
The third quarter was a dud for stocks, but the fourth quarter could be full of surprisesRead More
Asiamoney at 30: Educate, inform, entertain
What is the purpose of financial journalism? What can Asiamoney offer to our readers that they don’t get elsewhere? What has changed about this magazine since it was first published three decades ago? These questions can often take a back seat in the mad scramble to get a magazine to press, relegated to late-night discussions …
Harker says Fed should ‘hold firm’ on interest rates
Philadelphia Fed President Patrick Harker thinks interest rates should hold steady as events unfold in what he called a strong economy that also has “clear downside risks.” “My own view is that we should hold firm, letting things settle and watching how events play out,” he said in prepared remarks Friday to the Shadow Open …
Harker says Fed should ‘hold firm’ on interest ratesRead More
Currency Volatility: What is it & How to Trade It?
Currency volatility is characterized by frequent and rapid changes to exchange rates in the forex market. Understanding forex volatility can help you decide which currencies to trade and how. In this article, we explore what FX volatility is and how to identify it, reveal the high volatility currency pairs to look out for, and disclose …
Currency Volatility: What is it & How to Trade It?Read More
Impeachment Drama Stirs the Pot in Washington, D.C.
This week, the Democratic-led House of Representatives moved a step closer to impeaching the president. A possible impeachment adds uncertainty to the legislative outlook, particularly for the budget and USMCA. Impeachment Threatens Budget Deal, USMCA Impeachment drama stole the show this week, as headlines swirled that the House of Representatives might move to impeach the …
Impeachment Drama Stirs the Pot in Washington, D.C.Read More
Consumers are really starting to worry about the trade war
U.S. consumers are getting increasingly anxious about the trade war with China despite a recent thaw in the tensions ahead of the trade talks next month. The University of Michigan’s Surveys of Consumers showed in September that a near-record number of consumers cited trade policies as a negative factor weighing on the economy. “Trade policies …
Consumers are really starting to worry about the trade warRead More
EUR/USD Outlook: Bears Face Headwinds from 1.0900 Zone and May Hold for Consolidation Before Resuming
The Euro bounces from new multi-month low at 1.0904 (the lowest since early May 2017) on Friday, as bears faced headwinds from 1.0900 (round-figure support) after key level at 1.0926 (3/12 Sep double-bottom) was taken out on Thursday. Better than expected US Durable goods orders data (Aug 0.5% vs 0.2% f/c, -0.5% prev) helped dollar …
Sterling Pressured as BoE Hawk Turns Dovish
Sterling weakens generally today after a known BoE hawk Michael Saunders surprisingly turned dovish. The Pound will likely end the weak as the worst performing one. Euro is trying to recover but there is little committed buying so far. The common currency is set to end the week. as next weakest, along with Yen. Dollar …
Trading with Bollinger Band® Reversal Patterns
The Bollinger Band® reversal pattern occurs frequently across all financial markets. When employed in a strategy, Bollinger Band® reversal signals can provide traders with encouraging risk-reward ratios, and both experienced and novice traders alike can reap the benefits. This article will cover the basics of the Bollinger Band® reversal strategy: What are Bollinger Band® reversal …
DJIA Eyes New Highs as Stocks Absorb Flurry of Negative News
The major US indices have been spending several days in consolidation near their recent highs. As they haven’t dropped more materially on the back of what should have been bearish news (e.g. Trump’s impeachment inquiry; weak macro pointers from Germany and US, and ongoing uncertainties over the US-China trade issue, Brexit and the Middle East …
DJIA Eyes New Highs as Stocks Absorb Flurry of Negative NewsRead More
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Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
