Sterling and Euro Broadly Pressured, Dollar Mixed Awaiting Trade Talks
Weakness in Sterling and Euro was the main directions in the forex markets last week. Dollar tried to extend recent rally but ended mixed only. Upside of the greenback was limited by persistent trade uncertainties. While commodity currencies ended higher,...
Weekly Economic and Financial Commentary: One More Ball to Juggle
U.S. Review Politics Takes Center Stage The release of the transcript of President Trump’s phone conversation with Ukraine President Volodymyr Zelenskiy and the whistleblower complaint overshadowed most of this week’s economic reports and took bond yields modestly lower. Consumer confidence...
The Weekly Bottom Line: Political Risks Heighten Economic Uncertainty
U.S. Highlights A downturn in U.S. consumer confidence and rising political risks as the House began impeachment inquiries against President Trump, triggered volatility in global markets. U.S. personal incomes jumped in August (to 0.4% month-on-month from 0.1% previously), even as...
US Dollar Mixed on Trade Optimism and Impeachment News
The limited trade agreement between the US and Japan boosted trade optimism that a similar deal could be struck between the US and China. Both sides continue to send mixed messages, but so far, the balance has been on the...
Week Ahead: US-China Trade Talks Could Overshadow RBA, NFP
After a relatively quiet week, the week ahead is going to be a busier one. For one, the economic calendar is full of market-moving data and the Reserve Bank of Australia looks set to cut rates one more time on...
Low Blows and Sterling Lows
A torrid week in politics and dovish BoE comments are grim news for the pound Considering the clobbering from headlines it received this week, sterling is holding up quite well, though appearances can be deceptive. It is acknowledged that whilst...
CAD/JPY May Be Ready for its Leg Lower
CAD/JPY has been in a downtrend for almost a year now, after putting in a high of 89.23 back on October 4th of last year. Will this move continue lower, or will it break out and move higher? Today’s price...
Former Fed Chair Yellen says central bank is being too ‘optimistic’ about US economy
U.S. Federal Reserve Board Chairwoman Janet Yellen Win McNamee | Getty Images WASHINGTON — The Federal Reserve’s estimates for long-term economic growth may be a bit too positive, former Fed Chair Janet Yellen said Friday. The central bank kept the...
A new SEC rule could stave off disappointing IPO debuts like Peloton and SmileDirectClub
A new “Test-the-Waters” rule by the Securities and Exchange Commission could help stave off disappointing public market debuts — like those felt by Peloton and SmileDirectClub in recent weeks. The rule, announced Thursday, comes on the heels of a string...
The third quarter was a dud for stocks, but the fourth quarter could be full of surprises
Traders work on the floor of the New York Stock Exchange. Lucas Jackson | Reuters The third quarter wraps up in the week ahead with stocks just slightly higher for the period, after a summer of zigzag moves. The market...
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