Here’s what happened to the stock market on Monday
Dow Jones Industrial Average rises 130 points The Dow gained 132.66 points, or 0.49% to close at 27,090.72. The S&P 500 climbed 0.56% to end the day at 3,039.42. The Nasdaq Composite advanced 1% to 8,325.99. Better-than-expected earnings and U.S.-China...
Spot gold falls on fresh risk appetite
Spot gold dipped well below $1500 mark on Monday after news about significant progress in US/China trade talks boosted risk sentiment. Fresh weakness is on track to complete reversal pattern on daily chart, formed after strong rally last Thursday, strong...
Modern Monetary Theory: A Primer
Highlights As economies grapple with low economic growth and inflation, more unconventional macroeconomic policy ideas have come to the fore. The most buzzworthy one is Modern Monetary Theory (MMT). MMT is a set of economic theories which stress the importance...
Swiss Franc and Yen Weaken on Risk Appetite, US Stocks to Hit Record
Swiss Franc and Yen weaken broadly again today as risk appetite returns to markets. In particular, US stocks are set to challenge record high, on trade optimism, as well as expectation of another Fed rate cut. European stocks, except FTSE,...
GBP/USD Outlook: Fresh Brexit News Inflate Pound And Generate Initial Signal Of Pullback’s Stall
Cable jumped to the session high at 1.2859 in early Monday’s trading following the latest news that the EU will most likely delay Brexit until 31 Jan. Fresh optimism inflated pound and adds to positive signal that is developing on...
Be Careful In Trading Oil | HSBC In Need Of Surgery
Oil Net Long Positions Increased Oil is trading lower after posting its biggest weekly gains in nearly 4 weeks. The WTI is up more than 15.58& year-to-date. Traders are optimistic about the trade deal between the US and China which...
Dollar Mildly Higher ahead of FOMC and Lots of Data
Dollar trades mildly higher in quiet trading today so far, but Euro is a bit stronger. On the other hand, Sterling and Canadian Dollar are the relatively weaker ones. All these four currencies have something to look at this week,...
FOMC Preview – Third Rate Cut on Table. Will Fed Signal A Pause or More to Come?
The market has almost fully priced in a rate cut of -25 bps in the FOMC meeting this week. Some in the market are speculating that the Fed would change the forward guidance. Some expect the central bank to signal...
BOC Preview – Policy Rate will Stay Unchanged. But for How Long?
Although the Fed and ECB have resumed monetary easing, BOC is not expected to follow suit. This is also the key reason for the recent strength in Canadian dollar. At the meeting next week, we expect the central bank to...
Europe’s largest lender HSBC says pre-tax profits dropped 18% year over year
HSBC tower at Canary Wharf financial district in London, England Mike Kemp | In Pictures | Getty Images Europe’s largest lender HSBC reported third-quarter pre-tax profits that fell from a year ago, despite strength in its Asia operations. The bank...
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