Gold Shrugs As Jobless Claims Sink To 49-Year Low
After starting the week with losses, gold has been uneventful and the trend has continued on Thursday. In the North American trade, the spot price for one ounce of gold is $1282.80, unchanged on the day. In economic news, unemployment...
ECB Recap: Economic Risks To The Downside, EUR/USD Risks To The Upside?
As unanimously expected, including by my colleague Fawad Razaqzada, the European Central Bank made no changes to monetary policy in today’s meeting. In its statement, the institution reiterated that it would leave interest rates unchanged through at least this summer,...
Stock market faces hurdles after Intel earnings miss sours chip rally
Stocks could be put to the test Friday, as Intel’s earnings miss hangs over the technology sector. Traders are also watching for developments in the government shutdown talks. President Donald Trump late Thursday afternoon pushed for a down payment on...
SCA rules threaten existing PSP-merchant relationships
By Anna Fedorova SCA rules imposed under the revised Payment Services Directive (PSD2) are forcing payment service providers (PSP) to reassess their relationships with merchants based on their fraud rates. Andrea Dunlop,Paysafe Under the new EU-wide rules, remote card-based transactions...
ECB Turns Dovish amid Heightened Global Uncertainties
The ECB meeting evolved as we had expected: more dovish, downgraded assessment on economy, leaving unchanged the forward guidance on interest rates. the central bank has acknowledged that the uncertainties in the global economy have intensified and can persist for...
US Government Shutdown Impact on Canada
While the partial U.S. government shutdown has dominated the headlines and disrupted public services across the U.S., it isn’t ultimately expected to have a significant impact on broader trends in the U.S. economy, let alone Canada’s. But the protracted nature...
Fed Rate Hikes: All in Good Time
In January’s Financial Markets Monthly we noted growing risks around our long-held call for the Fed to continue raising interest rates in March, with a brief pause in their tightening cycle looking increasingly likely. Ahead of next week’s FOMC meeting...
Elliott Wave Analysis: GBPUSD In a Five-wave Recovery
Cable is trading bullish in an impulsive manner and even more may come, if we consider the weak USD in the next couple of days/weeks. Currently, we are tracking wave »iv« correction, where ideal support would be at 1.3000 psychological...
Euro Survives Downbeat ECB and Weak PMIs, Safe for Now
Euro has been under broad based pressure today after PMIs suggest more weakness in the economy ahead. The common currency then spikes further lower ECB President Mario Draghi sounds rather cautious and downbeat in the post meeting press conference. However,...
Your first trade for Thursday, January 24
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Amarin. Tim Seymour was a buyer of Caterpillar. Steve Grasso was a buyer of McDonald’s. Guy Adami was a buyer of Xilinx....
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