Australia & New Zealand Weekly: Why RBA Will Keep Rates on Hold
Week beginning 28 January 2019 Australia: CPI, private credit, trade prices, CoreLogic home prices, Australia Day. NZ: trade balance, Auckland Anniversary Day. China: NBS and Caixin PMI’s. Euro Area: CPI, GDP, unemployment, ECB President Draghi speaks. UK: BOE Governor Carney...
Weekly Focus: US-China Trade Talks are the ‘Name of the Game’
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents...
XAU/USD Outlook: Fresh Advance Turns Focus Towards Pivotal $1300 Resistance Zone
Spot gold surged to one week high at the beginning of American session on Friday as US stocks rose on upbeat earnings reports, sending the greenback lower across the board. The yellow metal accelerated higher and emerged from four-day $1286/76...
Five financial heavyweights weigh in on whether next recession is nearing
As the markets rally off of the ugly end to 2018, some of the most influential names in global business are exchanging ideas and sharing their concerns at the World Economic Forum in Davos, Switzerland. Despite the S&P 500 jumping...
Jamie Dimon calls for ‘immediate’ end to shutdown in note to JP Morgan employees. Full memo here:
While administration officials in Washington advise unpaid federal workers to take out loans and seek credit from friendly grocers rather than visit food pantries, the financial industry is donating relief funds as a partial government shutdown continues. The latest is...
Yen, Dollar and Swiss Franc Suffer as Markets in Full Risk-On Mode
Yen traders broadly lower today as risk appetite extends from Asia markets to Europe and then US. Dollar is following as the second weakest and then Swiss Franc. Meanwhile, New Zealand, Australian and Canadian Dollars are the strongest one. The...
Billionaire tech investor: Let’s not talk ourselves into a recession
Billionaire tech investor Robert Smith is urging American business leaders and economists not to talk the U.S. economy into a recession. “There’s still massive productivity being introduced in every industry, and a lot of it is driven by technology,” said...
Gold Continues To Trade Below Key Resistance At 1,298.55
GOLD continues to trade below key resistance at 1,298.55 as it remains in consolidation mode. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through...
The Fed may be moving closer to ending its rally-killing balance sheet reduction
Federal Reserve officials are nearing a decision on when to end the reduction of the bonds it is holding on its balance sheet, a key consideration for investors watching how far the central bank will go in tightening monetary policy,...
Canadian Dollar Edges Higher, Investors Look for Cues
USD/CAD has posted slight gains in the Friday session. Currently, the pair is trading at 1.3318, down 0.29% on the day. On the release front, there are no Canadian or U.S. events on the schedule. Considering the weak performance of...
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