Market reform, Aramco IPO in focus as Saudi seeks to reassure investors
Saudi Arabian government ministers attending a Euromoney conference in Riyadh today made little mention of last weekend’s drone attacks on two Saudi oil facilities. The emphasis was on downplaying any impact on the country’s economy one day after Saudi Aramco...
Disney CEO Bob Iger: I believe if Steve Jobs were still alive, we might have combined with Apple
Steve Jobs shows off the first iPhone. SHAUN CURRY | AFP | Getty Images Disney CEO Bob Iger believes he would have discussed combining Disney with Apple had Steve Jobs not died in 2011, according to a passage from his...
Powell doesn’t see the Fed ever using negative interest rates, even in times of crisis
Federal Reserve Chairman Jerome Powell shut down the notion that the Fed would use negative rates as a tool to combat future economic weakness. “I do not think we’d be looking at using negative rates, I just don’t think those...
Powell says it’s possible the Fed will have to resume balance sheet growth
Federal Reserve Chairman Jerome Powell said Wednesday that the Fed may have to resume the organic growth of its balance sheet sooner than expected to help ease money markets. “Going forward, we’re going to be very closely monitoring market developments...
Powell says a ‘sequence’ of rate cuts could be needed if economy turns, but doesn’t see that now
Jerome Powell, chairman of the U.S. Federal Reserve, waits for the start of a House Financial Services Committee hearing in Washington, D.C., on Wednesday, July 10, 2019. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell pledged...
Australian Jobs Data Could Strengthen the Case for More Stimulus
Asian traders will see the release of the Australian monthly employment report on Thursday at 0130 GMT and expectations are for a gloomy set of figures that may likely raise the odds for another rate cut later in the year....
A Look at DXY before the FOMC
As mentioned in our Fed Preview, today the Fed is expected to cut rates by 25bps. If the Fed does indeed cut rates as expected, the markets will be focused on the FOMC statement and the Dot plots, which indicates...
Double Bollinger Band Strategy to Trade Forex
The Double Bollinger Band® strategy has a wide variety of applications but provides the most value when assessing the momentum and volatility of price action. It allows traders to pinpoint entries and exits as well as identify when a trend...
Euromoney and the IMF/World Bank: A special relationship
Throughout 2019, we’ve poured our hearts and souls into reflecting the rich history of Euromoney, and the markets that we cover, to celebrate this magazine’s 50th anniversary. Our first edition was launched in June 1969. Just 15 months later, Euromoney...
Markets in Tight Range and Fed Rate Cut Awaited
The forex markets are generally stuck in very tight range today, as markets await Fed’s rate cut. Dollar is the stronger one as followed by Canadian and Yen. Australian Dollar is the weakest one so far. Sterling follows as second...