Airline-style alliances in banking look set to take off
A new digital platform linking banks’ business clients across Europe, Asia and the Americas shows the desire of lenders to forge partnerships in the absence of mergers that might otherwise increase their international scale. Though its official launch in early...
Sterling Just Mildly Lower on Brexit Drama, Aussie Firm US-China Trade Progress
Sterling opens the week mildly lower as Brexit uncertainty is dragging on. Nevertheless, selling pressure is weak so far because there is still enough time for the Commons to ratify the Brexit deal to even avoid another extension. At this...
EURUSD More Price Strength Envisaged
EURUSD with the pair retaining its recovery threats after closing higher the past week, more gain is expected. Support comes in at the 1.1100 where a break will turn risk to the 1.1050 level. A breach below here will target...
Goldman defends spending as CEO Solomon says he is looking long-term
Goldman Sachs CEO David Solomon With a few earnings calls now under his belt, Goldman Sachs CEO David Solomon tends to rasp his way through them as if he’s George C Scott playing General Patton. Reporting third-quarter earnings this week,...
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...
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