Flash ECB Review – Nothing to See So Far… Keep Moving
If there is a highlight from today’s meeting, it is the launch of the strategic review, although the 15:30 details did not reveal any specifics on the implications of the review. Markets did not react to the ECB’s messages. No...
AUDJPY Loses Steam Towards Supportive Trendline; Positive Picture Questioned
AUDJPY is cautiously positive in the very short-term as the lower high throws into question the improving outlook. The pair is being supported by the 50-day simple moving average (SMA) keeping optimism on the table. Additionally, the nearing bullish crossover...
Euro Weakens after Uninspiring ECB, Risk Aversion Dominates With Coronavirus Fears
Euro is trading as one of the weakest major currencies, together with Canadian Dollar, for today. There is little inspiration from ECB rate decision and press conference. Canadian Dollar is weak on free fall in oil price, with WTI pressing...
US weekly jobless claims increase less than expected
A “Now Hiring” brochure for home health aides is displayed during a New York Career Fairs event in New York. Sarah Blesener | Bloomberg | Getty Images The number of Americans filing for unemployment benefits increased less than expected last...
M&A bankers hope BAE Systems’ US acquisitions set the trend for 2020
On Monday, UK defence company BAE Systems announced two acquisitions worth $2.2 billion in the US. It will pay Collins Aerospace $1.925 billion for its military global positioning system (GPS) assets and Raytheon $275 million for its airborne tactical radios...
GBP/USD Outlook: Bulls Pause after Strong Rally, Awaiting UK PMI Data for Fresh Signals
Cable eases after three-day rally which repeatedly failed under pivotal Fibo barrier at 1.3158 (61.8% of 1.3284/1.2954). Wednesday’s 0.7% advance marks the biggest one-day rally since 31 Dec, fueled by better than expected data (CBI index rose the highest in...
Loonie Weakens On BoC’s Interest Rate Decision…
BoC remained on hold yesterday as was widely expected yet the Loonie weakened as the possibility of a future rate cut increased. In his press conference BoC governor Poloz stated that the “door is open” to a possible rate cut...
Aussie Recovers on Receding RBA Cut Bet, But Yen Stronger on Coronavirus Worries
Australian Dollar rises broadly today as markets pare back bet on RBA rate cut in February, following better than expected job data. Though, upside is limited by risk aversion while Aussie is just following Yen as the second strongest. Asian...
BOC Turned Dovish Again, Opening Door For Rate Cut
While leaving the monetary policy unchanged at expected, BOC delivered a dovish tone at the accompanying statement. This raised hopes of a rate cut in coming months and sent the loonie lower. The central bank has turned less confident about...
India’s shadow lending sector is in a ‘better position’ after two years of clean up, says bank chairman
India’s troubled shadow banking sector is not out of the woods yet, but it may be in a “much better position” than before, said the chairman of the country’s largest public lender. Rajnish Kumar, chairman of the State Bank of...