Markets in Mild Risk Aversion on Political Risks, Sterling Mixed after Brexit Votes
Yen and Swiss Franc rise broadly in Asian session today, followed by Dollar, on mild risk aversion. Traders are seeing some risk of a snap election in UK after the schedule of Brexit deal was voted down. Additionally, political risks...
EUR/GBP Poised For A Rebound After 440 Pips Decline
Short-term technical outlook on EUR/GBP Key Levels (1 to 3 days) – advertisement – Pivot (key support): 0.8615 Resistances: 0.8695 & 0.8790/8810 Next support: 0.8550/8470 (key medium-term pivot) Directional Bias (1 to 3 days) The EUR/GBP cross pair is now...
Asia Morning: Defeated Yet Again
Familiar scenes (of defeat) for Brexit Two significant votes were undertaken in UK Parliament early this morning and needed simple majorities to pass. The first of those was regarding the Withdrawal Agreement Bill, effectively a vote in support of PM...
Stocks making the biggest moves after hours: Snap, Texas Instruments, Chipotle and more
Check out the companies making headlines after the bell: Shares of Snap tanked as much as 15% during extended trade despite the company posting better-than-expected third-quarter earnings and user metrics. The maker of Snapchat posted a loss of 4 cents...
Euro Waiting on Brexit, ECB Meeting, and PMIs
Once again the major fx markets are relatively subdued today as we wait and see if there is going to be a Brexit vote by Parliament in the UK today. If the vote passes today, the most likely overcome for...
Time is Another Johnson Enemy
The lack of it could stymie his bill and halt sterling’s advance The concept of time is threatening Boris Johnson’s Brexit deal for a second time as MPs prepare for a Second Reading vote on whether they agree with its...
Sterling Softens ahead of Brexit Vote, Canadian Dollar Weighed Down by Retail Sales
Canadian Dollar turned mixed as the brief lift from election results faded. Instead, the Loonie is under mild selling pressure after poor retail sales data. Nevertheless, Sterling is the weakest one for today as traders turn cautious ahead of vote...
AUD/USD Outlook: Bulls Face Strong Headwinds And See Risk Of Pullback
The Australian dollar eases on Tuesday after double failure at daily cloud top (0.6879) which could be initial signal that bulls are exhausted, as overbought daily stochastic and fading bullish momentum add to negative signals. On the other side, optimistic...
McKinsey says one third of banks on the brink in a downturn
Banks are in an end-of-cycle slowdown from which a third of them may not emerge unless they revamp their models for a digital world – and emerging markets aren’t immune. This is the sobering conclusion of a new report from...
US entity list ‘cannot hurt’ Chinese tech development, Beijing says
Guests have their faces scanned at the World Artificial Intelligence Conference in Shanghai in August, 2019. Hector Retamal | AFP | Getty Images BEIJING — China struck a confident tone Tuesday in the face of new challenges from the U.S. to...
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