USD/JPY Challenges Next Support Zone At 107
The USD/JPY is testing the 50-61.% Fibonacci levels of wave 4 vs 3 (pink). A break above the resistance zone (red) could indicate a bullish breakout towards the Fibonacci targets of wave 3 vs 1 whereas a bearish breakout below...
Market Brief: Markets Take Trump’s Impeachment Inquiry Within Stride
FX Brief: RBNZ held rates as expected, although scope for further fiscal and monetary stimulus remains “if needed”. Data since their August MPS (Monetary Policy Statement) didn’t warrant a significant change to their outlook and RBNZ are “pleased” with their...
Stocks making the biggest moves after hours: Nike, Broadcom, HD Supply and more
People walk past a Nike store in New York. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Shares of Nike hit an all-time high, surging more than 5.5% during extended trade, following strong first-quarter earnings. CEO...
PrimaryBid raises funds to expand across European equity capital raising
Equity capital markets (ECM) volume in EMEA for the first half of 2019 was down 33% on the first six months of last year, according to Dealogic, but there was some reason for optimism, notably a strong run of IPOs...
GBP/USD Outlook: Reaction on Court Rule Below Expectations, Downside Remains at Risk
Cable regained traction and tested again 1.2500 barrier in early US trading, following mild initial reaction on UK Supreme Court’s verdict that PM Johnson’s suspension of parliament was unlawful. Fresh bulls need sustained break above 1.25 handle (after recent attempts...
EUR/USD: New 2019 Low Likely Despite Disappointing US Data
The EUR/USD has been limping since it made a post-ECB high of 1.1110 nearly two weeks ago. After rallying on the back of ECB’s expected decision to re-introduce QE and cut rates to negative, rates have struggled to show any...
Computer analysis of CEO earnings call transcripts points to an economic slowdown
Xinhua News Agency | Xinhua News Agency | Getty Images The latest proof of a U.S. economic slowdown is in, and this time it came from a computer analysis. Barclays used a machine learning tool to analyze company managements’ commentary...
Consumer confidence falls sharply in September
Carol Cardoni, of Norwood, packs her car after shopping at The Big Y grocery store on Walpole Street in Norwood, MA on Aug. 1, 2019. Jonathan Wiggs | Boston Globe | Getty Images U.S. consumer confidence slipped in September to...
Sterling Surges of UK Supreme Court Ruling, Aussie Lifted by RBA Lowe
Sterling rises broadly today as MPs are expected to back to work on blocking no-deal Brexit after Supreme Court ruling. Meanwhile, Australian Dollar is lifted by RBA Governor’s refrain from signaling an imminent rate cut next week. New Zealand Dollar...
Most of the ultra-wealthy see a recession next year and are hunkering down, says UBS survey
Bill Gates Lacy O’Toole | CNBC More than half of the super-rich around the world are already preparing for a recession. That is according to a UBS survey of 360 global family offices with an average family wealth of $1.2...