Euro Shrugs Off Deteriorating Investor Confidence, Rises Together With Swiss Franc
Swiss Franc and Euro are the strongest major currencies in a rather quiet day today. Mild recovery in German bund yield is giving the common currency a little lift. But the main drive in the forex market is Dollar’s weakness....
US-China trade war: Beijing says both sides have expressed a desire to hammer out a deal
As officials from Beijing and Washington met to attempt to hash out their countries’ ongoing trade dispute, China’s foreign ministry said Monday that both sides had expressed a will to work together in order to implement the consensus of their...
BOC Preview – No Change in Rates, Dovish Stance Accompanied by Modest Forecast Downgrades
We expect BOC to leave the policy rate unchanged at 1.75% at the upcoming meeting this week. Besides releasing the statement and Monetary Policy Report, the central bank would also update the economic forecasts and host a press conference. The...
Dollar Broadly Lower on Cautious Fed Powell, US Government Shutdown Continues
Riding on the strong rally in the US on Friday, Asian opened the week generally higher. While major Asian indices maintain gains, there is no follow through buying seen. There seems to be enough risks to keep investors’ hands tied,...
EUR/USD Primed To Retest 1.1500 Resistance
Key Highlights The Euro found support near the 1.1300 level and recovered against the US Dollar. There is a major bullish trend line formed with support at 1.1385 on the 4-hours chart of EUR/USD. The US Nonfarm Payrolls in Dec...
The Feds Monetary Policy Reaction Function Is Yawing Dovish
Markets The Fed debate will rage on after a colossus NFP headline followed by Chair Powell speech which then went well beyond the market expectations by yawing dovish the Feds monetary policy reaction function. Fed Chair Powell’s dovish confirmation was...
Here’s what Wall Street bankers think Apple should buy, if Tim Cook decides to go deal hunting
Apple has a growth problem. With no game-changing product on the horizon (that we know of), it might finally make sense for Apple to acquire a company that can give it renewed life and change its Wall Street narrative. This...
Sentiments Saved as Fed Powell Turned Cautious, China Stepped Up Supporting Measures
There were big roller coaster rides in the financial markets last week. Apple’s sales outlook downgrade heightened the concerns over serious slowdown in the Chinese economy. There was the “Currency Flash Crash” which sent through all key technical resistance levels...
Brazil’s central bank aims to stimulate competition through open banking
The push to lower interest rates, begun under previous central bank president Ilan Goldfajn (left), is to continue under new president Roberto Campos Neto The Brazilian central bank is making good on its push to increase competition in the country’s...
Markets Rise After Strong US Jobs Growth with Fed Talking Down Rate Hikes
The US dollar had a tough first week of 2019. The greenback is lower against most major pairs as market optimism of two rate hikes from the U.S. Federal Reserve have virtually evaporated. Mixed economic indicators and a neutral to...
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