USDJPY Trendline Watch
The US dollar has moved back towards key trendline resistance against the Japanese yen currency, although price has so far rejected the upside attack. The USDJPY pair is still vulnerable to the further downside while trading below the October monthly...
Dollar Firms Up Mildly as Brief Consolidation Might Be Finished
Dollar firms up mildly in Asian session as this week’s brief consolidation seems to be completed. Stocks were given another lift by trade hope overnight, with major indices extending record runs. Optimism somewhat continues in Asia but investors there seem...
Alibaba secondary listing a rare good-news story for Hong Kong
Alibaba’s co-founder Jack Ma is seen on the screen at the group’s listing ceremony at HKEX on Tuesday Hong Kong has needed a good-news story for quite a while. The up to $12.9 billion secondary listing of Alibaba won’t bring...
UK PRA hits Citigroup with record fine over mis-reporting
Euromoney has read through the UK Prudential Regulation Authority’s (PRA) 44-page final notice on the £44 million fine imposed on the UK operations of Citigroup for regulatory reporting failures, so that you don’t have to. Between 2015 and 2017, the...
OPEC and Russia likely to extend oil production cuts at upcoming meeting
Russia’s President Vladimir Putin waves to the media prior to a meeting of leaders of the BRICS emerging economies at the Itamaraty palace in Brasilia, Brazil, Thursday, November 14, 2019. Pavel Golovkin | Pool via Reuters OPEC and Russia are...
Fed’s Brainard argues for capping interest rate levels during the next downturn
Lael Brainard, Federal Reserve Governor Andrew Harrer | Bloomberg | Getty Images The Federal Reserve should consider capping the level of interest rates the next time it is confronted with future economic downturns, Fed Governor Lael Brainard said Tuesday. As...
Australian Capex Figures in Scope as Trade Doubts Return
The aussie has continued to struggle, as doubts about a US-China trade deal resurfaced and the US dollar staged a comeback. The nation’s capital expenditure data for Q3 – due at 00:30 GMT on Thursday – may shed some light...
WTI OIL Outlook: Fresh Bulls Emerge after Double Downside Rejection and Pressure Key Fibo Barrier
WTI oil regained traction on Tuesday and moved above $58 mark (session high $58.36) following Monday’s dip to $57.17 (contained above daily cloud top at $57.02) and subsequent bounce that left daily long-tailed Doji candle. Oil prices were inflated by...
US new home sales fall in October; September revised higher
Workers install roof trusses on a home under construction in Vineyard, Utah. George Frey | Bloomberg | Getty Images Sales of new U.S. single-family homes unexpectedly fell in October following recent strong gains, but the overall housing market remains supported...
US consumer confidence falls for fourth consecutive month
Consumer confidence dipped for a fourth straight month in November as economic conditions weaken toward the end of 2019, data released Tuesday by The Conference Board shows. The board’s consumer confidence index dipped to 125.5 this month. That’s down from...
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