Sterling Rally in Jeopardy after Johnson’s Defeat, Dollar Selloff Exaggerated
Sterling surged broadly last week after as UK Prime Minister Boris Johnson struck a new deal with EU on Brexit. It appeared that UK was on track to leave EU on October 31 in an orderly way. The development also...
HTC launches a cheaper version of its blockchain phone
HTC’s Exodus 1s smartphone comes packed with cryptocurrency-related features. HTC HTC is bringing out a cheaper version of its blockchain-friendly smartphone in a bid to entice the people hesitant about buying cryptocurrencies and expensive flagships from the likes of Apple...
Stocks will likely hit new records in the week ahead if earnings keep topping expectations
Stocks will try in the week ahead to break the all-time highs set earlier in the year as a slew of S&P 500 companies get set to report. The S&P 500 and Dow Jones Industrial Average are both around 1%...
Weekly Economic and Financial Commentary: Cracks in the Foundation?
U.S. Review Cracks in the Foundation? Personal consumption is still on track for a solid Q3, but retail sales declined in September for the first time in seven months. Manufacturing data were certainly influenced by the GM strike, but output...
The Weekly Bottom Line: Economic Data Overshadowed by Elections
U.S. Highlights The economic data was subdued this week. Retail sales fell 0.3% in September, ending their six month growth streak. Industrial production also fell. Multifamily starts took a step back, but single-family starts fared better. The Fed’s Beige Book...
Weekly COT Report: Yen Traders Flip To Net-Short
As of Tuesday 15th October: Traders increased net-long exposure on USD by $2.1 billion to $20.4 billion, their most bullish stance in 17 weeks (up $2.1 billion to $23.3 billion against G10) Large speculators flipped to net short on the...
Conservation finance: It is time to press on with sustainability
A focus on just three of the UN Sustainable Development Goals (SDGs) would produce a domino effect that would see nearly all of the other goals reached, according to a paper put out by the University of Bath in September....
Week Ahead: Brexit Vote, Canadian Elections and ECB
Undoubtedly, the biggest short-term risk event facing investors will be the UK’s parliamentary vote on Saturday. MPs must decide whether to approve Boris Johnson’s Brexit deal or risk plunging Britain further into political crisis. Their decision could shape the future...
Mind the Gap after Brexit Vote
According to Investopedia, “a gap is an area of a chart where a security’s price either rises or falls from the previous day’s close with no trading occurring in between.” Let’s look at the logic behind this: traders don’t perceive...
Brexit Optimism Rises Despite Parliament Obstacle
The British pound is near 5-month highs ahead of Saturday’s showdown as the UK parliament is being asked to ratify the deal that PM Johnson and his EU counterparts reached to avoid a hard Brexit on October 31. The odds...