Dollar Still Lacks Committed Buying as Markets Stay in Consolidation Mode
Consolidations continue generally in the forex markets today, with the exception of notable strength in Canadian Dollar. The Loonie is so far the strongest one follow the week as helped by rebound in oil price. Dollar is currently following as...
ECB Review – Outgoing Draghi Defended the Need to Easing Package
President Mario Draghi’s last ECB meeting came in without surprise. He sent a cautiously dovish message about Eurozone’s economy and reiterated the importance of the stimulus package announced last month. The new leadership will likely maintain the existing policy stance...
Citi names Jane Fraser president, positioning her as possible successor to CEO Michael Corbat
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup named Jane Fraser president...
Metals Galore: Gold, Silver, Copper, Platinum and Palladium All Breaking Higher
I will let the charts do the talking, but metal prices have been pushing higher in recent days and today gold finally joined the fun as it broke key resistance in the $1495 area. It needs to hold above here...
Lebanon can stave off default, says central bank governor
Lebanon’s emergency plans to stave off imminent default will have the full support of the Banque du Liban, its governor Riad Salamé told Euromoney at the IMF meetings in Washington on October 19. But real commitment to reform is needed...
Flash ECB Research: Thank You, Draghi
The ECB meeting today will mostly remembered for Draghi’s last p ress conference and not its monetary policy messages. With QE and tiering not effective yet, there was little news to gauge. Draghi refrained from giving specificities on tiering, but...
Euro Shrugs ECB Meeting, Dollar Ignores Weak Durable Orders
The forex markets remain generally steady in early US session. ECB rate decision triggered little reactions as widely expected. Also, markets was also indifferent to poor PMIs from Eurozone. Meanwhile, weak durable goods orders report from US was shrugged off....
US durable goods orders fall 1.1% in September
Appliances for sale at Home Depot store. Getty Images Orders to U.S. factories for big-ticket manufactured goods tumbled in September by the largest amount in four months while a closely watched category that tracks business investment fell for a second...
USD/JPY Tests 108.70 Level
Yesterday, the USD/JPY currency pair reached the psychological level at 108.70. During Thursday morning, the pair was testing the given level. Note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, it is likely that...
ZAR Uncertainty Should Stay
The impressive depreciation of the South African rand observed in the past three months following the July monetary policy meeting amid Moody’s credit downgrade risk due to a growing fiscal deficit risk and trade war fears that triggered a consequent...
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