China’s economy may be headed for another low
A Chinese national flag flies in front of a building under construction in the central business district of Beijing, China. Giulia Marchi | Bloomberg | Getty Images BEIJING — China’s economic numbers in the last few months have disappointed expectations...
Securities regulation: No more bad research in China
By Rebecca Feng China’s SAC plans to give securities firms a reputation management score The Securities Association of China (SAC) said in August that it would assign a reputation management score to securities firms based on two criteria: the ability...
Sentiments Turned Sour after Trump’s Harsh Words on China
Sentiments turned sour again after US President Donald Trump’s harsh words on China at UN. But reactions in the forex markets are relatively muted. Dollar is the stronger one for now. New Zealand Dollar is supported after RBNZ stands pat...
USD/JPY Challenges Next Support Zone At 107
The USD/JPY is testing the 50-61.% Fibonacci levels of wave 4 vs 3 (pink). A break above the resistance zone (red) could indicate a bullish breakout towards the Fibonacci targets of wave 3 vs 1 whereas a bearish breakout below...
Market Brief: Markets Take Trump’s Impeachment Inquiry Within Stride
FX Brief: RBNZ held rates as expected, although scope for further fiscal and monetary stimulus remains “if needed”. Data since their August MPS (Monetary Policy Statement) didn’t warrant a significant change to their outlook and RBNZ are “pleased” with their...
Stocks making the biggest moves after hours: Nike, Broadcom, HD Supply and more
People walk past a Nike store in New York. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Shares of Nike hit an all-time high, surging more than 5.5% during extended trade, following strong first-quarter earnings. CEO...
PrimaryBid raises funds to expand across European equity capital raising
Equity capital markets (ECM) volume in EMEA for the first half of 2019 was down 33% on the first six months of last year, according to Dealogic, but there was some reason for optimism, notably a strong run of IPOs...
GBP/USD Outlook: Reaction on Court Rule Below Expectations, Downside Remains at Risk
Cable regained traction and tested again 1.2500 barrier in early US trading, following mild initial reaction on UK Supreme Court’s verdict that PM Johnson’s suspension of parliament was unlawful. Fresh bulls need sustained break above 1.25 handle (after recent attempts...
EUR/USD: New 2019 Low Likely Despite Disappointing US Data
The EUR/USD has been limping since it made a post-ECB high of 1.1110 nearly two weeks ago. After rallying on the back of ECB’s expected decision to re-introduce QE and cut rates to negative, rates have struggled to show any...
Computer analysis of CEO earnings call transcripts points to an economic slowdown
Xinhua News Agency | Xinhua News Agency | Getty Images The latest proof of a U.S. economic slowdown is in, and this time it came from a computer analysis. Barclays used a machine learning tool to analyze company managements’ commentary...
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