Real US debt levels could be 2,000% of economy, a Wall Street report suggests
Total potential debt for the U.S. by one all-encompassing measure is running close to 2,000% of GDP, according to an analysis that suggests danger but also cautions against reading too much into the level. AB Bernstein came up with the...
Real US debt levels could be a shocking 2,000% of GDP, a Wall Street report suggests
Total potential debt for the U.S. by one all-encompassing measure is running close to 2,000% of GDP, according to an analysis that suggests danger but also cautions against reading too much into the level. AB Bernstein came up with the...
ECB Preview – Awaiting New Easing Package
We expect ECB to deliver a easing package at this week’s meeting. Economic developments since the last meeting have remained steady. However, growth is limited and risk is skewed to the downside. The latest economic projections will show downgrades in...
Business Rebound Helps Pound Hold Ground
A growth surprise is helping sterling shrug off increasingly ferocious parliamentary battles Sterling’s sustained elevation following a 3% rebound last week received fresh impetus from unexpectedly resilient growth figures, even as increasingly acrimonious Brexit politics and soft underlying economic conditions...
UK Jobs Market Resilient in Brexit-Hit Economy as PM Seeks Ways to Bypass Law for Extension
Labour market data will be watched out of the United Kingdom on Tuesday just as Parliament is suspended again only a week after returning from the summer recess. The employment report, due at 08:30 GMT, comes after today’s data pointed...
AUD/USD Outlook: Steep Ascend Extends into Fifth Straight Day and Cracks Important Barriers
The Australian dollar hit five-week high on Monday in extension of last week’s steep rally (the pair gained 1.8% for the week). Bulls were underpinned by hopes of easing tensions in US/China trade conflict and additionally boosted by upbeat Australian...
Sterling Extends Rally as GDP Data Suggests Receding Recession Risks
Sterling rises broadly today as recession risk recede after better than expected GDP data. While it’s unsure whether growth could sustain, the Pound cheers the improved outlook anyway. At this point, Australian Dollar is second strongest, followed by New Zealand...
EUR/USD Analysis: Remains Above 1.1000
During Friday, the EUR/USD currency pair traded sideways at the 1.1040 area. During today’s morning, the pair was testing the support formed by the 100– and 200-hour SMAs, as well the weekly PP at 1.1015. If the given support holds,...
Sterling Mildly Lower in Quiet Trading, More Brexit Drama Ahead
Markets are generally quiet in a typical Monday. Sterling is trading generally lower. Prime Minister Boris Johnson’s push for general election ahead of Brexit deadline will likely be voted down today. But it’s reported that he’s planning to block the...
Australian Housing Finance Approvals Rebound
Owner-occupiers (no.) +4.2%mth, –8.7%yr (f/c 1.5%). Investors (value): +5.3%mth, –20.4%yr. Total (value): +5.1%mth, –11.8%yr (all figs ex-refi). July housing finance approvals were stronger than expected, the number of owner occupier loans rising 4.2% vs the consensus forecast of a 1.5%...