GBPUSD Bulls Still In Control
The British pound has recovered earlier losses against the US dollar after the pair tumbled to the 1.2667 support level, as British PM Theresa May’s Brexit bill was voted down in UK Parliament. The GBPUSD pair retains a strong intraday...
Sterling Steady after May’s Humiliating Brexit Defeat, Euro Weakens on Slowdown Worries
The historic defeat of UK Prime Minister Theresa May over the Brexit deal triggered some volatility in the Pound. But no clear direction is seen in Sterling after all the moves. It’s staying bounded in relatively tight range overall, with...
Brexit Monitor: The Waiting Game – Brexit Edition
As widely expected, PM Theresa May’s Brexit deal failed in the House of Commons. The defeat, however, was bigger than expected, 432 against versus 202 in favour. The first thing to look out for is the Labour’s motion of no...
Pound Pares Losses After May’s Historic Defeat
As was widely predicted, Theresa May’s Brexit deal was crushed in the Parliamentary vote. The House of Commons overwhelmingly rejected Theresa May’s Brexit deal, which briefly sent the pound to the low of the day at $1.2672. The results show...
Overbond applies machine learning and AI analytics to assess bond market liquidity
June brings the deadline for US asset managers to comply with SEC rules first proposed in 2017 – and amended in 2018 – to implement and disclose their liquidity risk-management programmes. The aim is to reduce the danger that customers...
Snap CFO resigning, company says it will come in near top end of guidance for Q4
Snap chief financial officer Tim Stone is resigning to pursue other opportunities, the company said in a new filing Tuesday that sent the stock tumbling more than 8 percent after hours. Stone’s reign lasted less than a year: he joined...
Economist Ed Lazear: The stock market is the best economic indicator and it’s signaling caution
Federal Reserve Chairman Jerome Powell should be paying close attention to the stock market for clues on whether signs of an economic slowdown warrant a pause in central bank interest rate hikes, economist Ed Lazear told CNBC on Tuesday. “Given...
Gold Subdued, US Inflation Data Disappoints
Gold is almost unchanged in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1291.18, down 0.02% on the day. In economic news, inflation indicators missed their estimates. PPI declined by 0.2%, missing...
Japanese Yen Edges Lower, Markets Eye Kuroda Speech at G-20
USD/JPY has edged higher in the Tuesday session, recovering most of the losses seen on Monday. In the North American session, the pair is trading at 108.47, up 0.29% on the day. In economic news, Japanese Preliminary Machine Tool Orders...
AUD/USD Outlook: Directionless Mode Between 55/100SMA’s and Daily Cloud Base
The Australian dollar eased on Tuesday, pressured by reduced risk appetite but remains within narrow range that extends into third day. Recovery rally from spike low at 0.6706, posted after 3 Jan flash crash, faces strong headwinds from daily cloud...
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