Asia Morning: Defeated Yet Again
Familiar scenes (of defeat) for Brexit Two significant votes were undertaken in UK Parliament early this morning and needed simple majorities to pass. The first of those was regarding the Withdrawal Agreement Bill, effectively a vote in support of PM...
Stocks making the biggest moves after hours: Snap, Texas Instruments, Chipotle and more
Check out the companies making headlines after the bell: Shares of Snap tanked as much as 15% during extended trade despite the company posting better-than-expected third-quarter earnings and user metrics. The maker of Snapchat posted a loss of 4 cents...
Euro Waiting on Brexit, ECB Meeting, and PMIs
Once again the major fx markets are relatively subdued today as we wait and see if there is going to be a Brexit vote by Parliament in the UK today. If the vote passes today, the most likely overcome for...
Time is Another Johnson Enemy
The lack of it could stymie his bill and halt sterling’s advance The concept of time is threatening Boris Johnson’s Brexit deal for a second time as MPs prepare for a Second Reading vote on whether they agree with its...
Sterling Softens ahead of Brexit Vote, Canadian Dollar Weighed Down by Retail Sales
Canadian Dollar turned mixed as the brief lift from election results faded. Instead, the Loonie is under mild selling pressure after poor retail sales data. Nevertheless, Sterling is the weakest one for today as traders turn cautious ahead of vote...
AUD/USD Outlook: Bulls Face Strong Headwinds And See Risk Of Pullback
The Australian dollar eases on Tuesday after double failure at daily cloud top (0.6879) which could be initial signal that bulls are exhausted, as overbought daily stochastic and fading bullish momentum add to negative signals. On the other side, optimistic...
McKinsey says one third of banks on the brink in a downturn
Banks are in an end-of-cycle slowdown from which a third of them may not emerge unless they revamp their models for a digital world – and emerging markets aren’t immune. This is the sobering conclusion of a new report from...
US entity list ‘cannot hurt’ Chinese tech development, Beijing says
Guests have their faces scanned at the World Artificial Intelligence Conference in Shanghai in August, 2019. Hector Retamal | AFP | Getty Images BEIJING — China struck a confident tone Tuesday in the face of new challenges from the U.S. to...
Sterling Extends Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, the GBP rose 0.39% against the USD and closed at 1.2964. In the Asian session, at GMT0300, the pair is trading at 1.2987, with the GBP trading 0.18% higher against the USD from...
Canadian Dollar Firm after Trudeau’s Minority Win, Sterling Awaits Brexit Vote
Canadian Dollar rises slightly higher after Prime Minister Justin Trudeau cling on to power following election wing. His Liberal Party had won, or were leading in 155 out of 338 seats in the parliament. That was short of the 170...
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