Dollar Firm on Fed Comments, Capped by Trade Uncertainty
Dollar remains generally firm today but there is not follow through buying so far. Comments from Fed officials affirm that the mid-cycle adjustment in monetary policy has completed. But upside is capped by uncertainty over trade negotiations with China. Also,...
GBPUSD Continues to Consolidate; Bears Flirting with the 200-MA
GBPUSD is trading around the upward sloping 200-period simple moving average (SMA) after the bounce off the 1.2818 support, which is the 23.6% Fibonacci retracement of the up leg from 1.2194 to 1.3011. The pair still looks undecided, having held...
Home price gains accelerate in September, S&P Case-Shiller Index says
A prospective home buyer is shown a home by a real estate agent in Coral Gables, Florida. Joe Raedle | Getty Images After shrinking for much of this year, home price gains are now growing again. On a national level,...
The USD Gets A Bullish Call…
A phone call between top negotiators in Beijing and Washington, helped to lift the USD yesterday against the Yen and other of its counterparts, according to media. Reports state that Chinese Vice Premier Liu He, US Trade representative Robert Lighthitzer...
European markets open slightly lower as US, China trade negotiators hold phone call
European markets opened slightly lower on Tuesday, despite optimism over progress in the U.S.-China trade dispute. The pan-European Stoxx 600 slipped 0.1% below the flatline in early trade, with travel and leisure stocks dropping 2% as most sectors and major...
Trade Optimism Pushed US Stocks to New Records, But Asia Doesn’t Follow
Trade optimism pushed US stocks to new record highs overnight but markets are just mixed in Asia. While US and China held another trade phone calls, there is no clear sign of any breakthrough. In the currency markets, New Zealand...
Market Morning Briefing: Pound Is Trading Sideways Below 1.30 Without Any Major Movement
STOCKS Equity indices seem to be gaining strength slowly. The Dow has bounced back above 28000 and can move higher. DAX and Nikkei are moving higher and coming closer to their key near-term resistances which if broken will pave way...
Banking: Don’t blame Ukraine for the Trump debacle
Once again, Ukraine is hitting the headlines for all the wrong reasons. Just when policymakers might reasonably hope to reap the benefits of a recovering economy and ambitious reform agenda, the US impeachment drama has reinforced stereotypes of Russia’s western...
Royal Commission: Westpac – the one that didn’t get away
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: SContreras@Euromoney.com By: Published on: Monday, November 25, 2019 It seems the Australian banking scandal has caught up with Westpac. At the conclusion of the Royal Commission into the behaviour of...
Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown
People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019. Anton Vaganov | Reuters What a tough month it has been for bitcoin. The world’s most popular cryptocurrency sank to $6,558.14...
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