Yen Rebounds on Talks of China’s Pessimism on Trade Deal
Yen rebounds strongly in early US session on talks that China is pessimistic on US trade deal. But still, at this point, Sterling remains the strongest one for today as lifted by hope of a Conservative win in the upcoming...
The S&P 500 is up nearly 25% in 2019, and history shows the momentum could carry over to next year
Traders work at the New York Stock Exchange. Xinhua News Agency | Getty Images The record-breaking rally has brought the S&P 500’s return this year to nearly 25%, and if the gains hold up for the rest of the year,...
Gold Remains Under Pressure On Hopes For US/China Phase One Trade Deal
Spot gold falls further on Monday as rising hopes that the US and China will soon reach a deal in the phase one of their trade talks, keeps risk mode and prompts traders out of safe-haven metal. Monday’s extension of...
Sterling Surges, Poised to Upside Breakout as UK Election Campaign Steps Up
Risk appetite extended from last week’s strong US close into Asian session. Markets cheer the “constructive” US-China trade talks while ignoring escalation in unrest in Hong Kong. Yen is currently one of the weakest together with Swiss Franc. Though, Australian...
India’s risks ‘do not justify Moody’s downgrading’
Moody’s outlook for India is cold and harsh, but ECR’s risk experts believe the country can forge its own path through any short-term difficulties It’s November, and Moody’s latest outlook on the global economy is chillier. It also has India...
Trade Slowdown Continues
Singapore exports fall for second month Another Asian nation heavily dependent on exports to China continued to show how the long-lasting trading trade dispute between the US and China is affecting the global economy. Singapore’s non-oil domestic exports fell 2.9%...
Market Morning Briefing: Aussie Has Bounced Back From 0.6769
STOCKS Dow is gaining momentum and can move higher. DAX, Sensex and Nifty can consolidate before resuming their uptrend. Shanghai is weak and is coming near a very crucial support level. Nikkei has to break above a near-term resistance to...
Rameda to breathe life into Egyptian IPO market
Cairo-based Rameda Pharmaceuticals is set to price Egypt’s second private-sector initial public offering (IPO) of the year, revitalizing the country’s lacklustre IPO market, which has struggled to recover to pre-revolution levels, despite a healthy pipeline of state and non-state run companies....
AUD/NZD Ended as Top Mover after a Week of Parallel Universes
The financial markets were like in parallel universes last week. On the one hand, US stocks were boosted by trade optimism as the three major indices ended at record highs. On the other hand, Hong Kong stocks led Asian markets...
Despite gridlock in Washington, these big changes could be in store for your finances
A Woman jogs past the U.S. Capitol in Washington, October 24, 2019. Siphiwe Sibeko | Reuters Washington can feel pretty gridlocked these days, with the impeachment proceedings against President Trump dividing politicians by party lines. Still, both Republicans and Democrats...
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