AUD/JPY May Be Ready For Next Leg Lower
Later, markets will get their first look at how Australian consumers feel about the US-China trade deal. What is good for China is good for Australia as the economies are inherently tied through China’s demand for Australian goods. The Westpac...
Netflix paints a happy face on growing threat of U.S. competition
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Netflix downplayed concerns...
Libor: Banks must jump before they are pushed
On Thursday, the risk-free rate working group at the Bank of England published its priorities for the transition away from Libor to Sterling’s risk-free replacement interest rate, Sonia. Making a firm, if entirely predictable, statement that “the time to act...
January Flashlight for FOMC Blackout Period
Executive Summary If all goes according to the FOMC’s plan, its January meeting will be considered a snooze. Consistent with the consensus, we expect the FOMC will keep interest rates on hold. Not only has the FOMC signaled it is...
UK 100 Stock Index Retreats Below MAs; Losses Halted by Ichimoku Cloud
UK 100 Stock Index (cash) retraced from the five-month high of 7,689 below the simple moving averages (SMAs) on the four-hour chart but further losses were restricted by the Ichimoku cloud’s lower boundary at 7,557. The short-term oscillators reflect mixed...
Trump at Davos urges countries to ‘put their own citizens first’ as he touts US economic success
President Donald Trump took an opportunity to address world leaders on Tuesday to trumpet his “America First” agenda and encourage other nations to adopt a similar nation-focused approach to economics and political relations around the world. “America’s newfound prosperity is...
White House top economic advisor Larry Kudlow says economic growth will beat 3% this year
President Donald Trump’s top economic advisor, Larry Kudlow, told CNBC on Tuesday that GDP growth in the U.S. should hit at least 3% in 2020. “This is a long cycle, and what you’ve got here in the Trump years is...
Sterling and Euro Rebound on Data, Risk Aversion Remains
Sterling and Euro rebound strongly today as lifted by solid economic data. But overall market sentiments remain weak concern of outbreak of coronavirus in China, ahead of lunar new year mass travel. Commodity currencies continue to trade as the weakest...
EUR/USD Meets Resistance
The decline of the EUR/USD found support in the 1.1080 level and began a surge. The surge was stopped on Tuesday by the resistance of the 55-hour simple moving average and the psychological resistance of the 1.1100 level. In general,...
Risk Appetite Hit By China Virus Fears
Yen shines, Asian stocks drop as markets focus on virus outbreak BoJ preserves its limited firepower for a rainy day Busy day ahead: UK data, impeachment, World Economic Forum, and earnings Yen lifted by coronavirus concerns, but is this sustainable?...
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