Sterling Regains Ground But Upside Limited by Brexit Uncertainties
Sterling strengthens broadly today but upside is capped as markets are now watching Brexit debate in the Commons. The opening statement of May was rather dull as she repeated the pledge to deliver Brexit. Meanwhile the situation got more complicated...
DXY: Dollar Could Extend Losses
If it feels like it has been a quiet-ish start to the week for FX, it is because it has. But as my colleague Matt Weller pointed out yesterday, this could be the “calm before the storm.” Brexit-related headlines should...
EUR/USD Outlook: Bulls Struggle At 100SMA, No Clear Direction Signal As Techs Are Mixed
The Euro holds in green for the third straight day and extended advance to new two-week high at 1.1450. Bulls were capped by 100SMA so far and may struggle to break higher despite strong bullish signal generated on Monday’s close...
How to Create a Trading Plan | Podcast
Key Points Covered in This Podcast A trading plan is just as important for psychology and risk management as it is for strategy and analysis A minimalist approach prevents ‘paralysis by analysis’ Seek favorable risk to reward ratios over high...
Italy: Banks struggle to pacify ECB bad-debt push
Andrea Enria is already at the sharp end of rebukes from Italy’s populist government, only two weeks into his new job as head of the eurozone’s single banking supervisor. Andrea Enria In mid-January, Monte dei Paschi di Siena, now majority...
Euro-Zone’s M3 Money Supply Advanced More-Than-Estimated In December
For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.1427. On the macro front, the Euro-zone’s M3 money supply climbed 4.1% on a yearly basis in December, higher than market consensus for...
British Pound Trading Marginally Higher In The Asian Session
For the 24 hours to 23:00 GMT, the GBP declined 0.33% against the USD and closed at 1.3150, ahead of series of significant Brexit votes in the parliament. In the Asian session, at GMT0400, the pair is trading at 1.3151,...
Sterling Soft as Brexit Votes Awaited, Yen Shrugs Mild Risk Aversion
The forex markets remain rather quiet today so far. The selloff in stocks and oil overnight triggered some pull back in Canadian and Australian Dollars, but losses were limited. Similar, Yen was given just a mild pop while it’s unmoved...
China wants to boost loans to small businesses. Tech companies may be the answer
China’s push to encourage lending to smaller companies has created a business opportunity for large financial technology companies. As Beijing struggles to balance a crackdown on high debt levels with maintaining growth, President Xi Jinping and Premier Li Keqiang have...
Vienna bourse targets SMEs to boost Austrian equity market participation
The Vienna Stock Exchange has launched a new segment for small and medium-sized businesses in a bid to boost capital markets participation by Austrian companies. “The initiative is very similar to other European SME markets,” says Christoph Boschan, head of the...
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