Risk Appetite Returns on Trade Optimism, Yen and Swiss Franc Softer
Strong risk appetite dominates Asian session today, partly as follow through buying from US, and partly on trade optimism. Commodity currencies are trading generally higher, as led by New Zealand Dollar rand then Australian. On the other hand, Swiss Franc...
EUR/USD Signaling Bullish Continuation
Key Highlights The Euro started a fresh increase from the 1.1075 support against the US Dollar. EUR/USD surpassed a key bearish trend line at 1.1135 on the 4-hours chart. The US Nonfarm Payrolls increased 128K in Oct 2019, better than...
Foreign money into Singapore has been up ‘quite sharply’ in recent months, JP Morgan says
J.P. Morgan says foreign exchange deposits into Singapore’s banks have ramped up “quite sharply” in recent months. It comes amid growing unrest in Hong Kong which has reportedly driven investors and companies to move their money elsewhere. Singapore has been...
Facebook’s Libra isn’t finished yet
No fintech initiative has ever had such an extraordinary impact as that of Facebook’s Libra. The mere announcement of a plan to launch a reserve-backed, blockchain-based stablecoin representing a new world currency immediately drew hostile reactions from governments concerned at...
Fed, BoC and RBA Expectations Drove USD, CAD and AUD
With US-China on track to phase one trade deal, and UK preparing for December election, focus turned back to economic data and central banks last week. In particular, Canadian Dollar ended as the worst performing after BoC’s surprise dovish turn,...
How this money manager uses his military background to maximize returns
Dryden Pence, chief investment officer at Pence Wealth Management. Source: Pence Wealth Management (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) There are several approaches...
The outcome of the US, China trade negotiations will make or break these stocks into year-end
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images (This story is part of the Weekend Brief edition of...
Weekly Economic and Financial Commentary: The U.S. Economy Continues to Trek Along
U.S. Review The U.S. Economy Continues to Trek Along It was as busy a week as one can get in terms of economic data. Third quarter GDP results hit the wire on Wednesday, followed by a 25 bps cut from...
The Weekly Bottom Line: BoC Opens the Door to Rate Cuts
U.S. Highlights U.S. economic activity decelerated in the third quarter to a 1.9% annual pace from 2% in the second quarter, with consumer spending doing much of the heavy lifting. The Federal Reserve implemented its third, and likely final, interest...
China Weekly Letter – On Track for Moderate Recovery and Phase One Deal
Chinese PMIs send conflicting signals. Metal prices and other indicators still support the case for a moderate recovery. Trump tweets that US and China will find another place for signing the phase one deal and says it will cover 60%...
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