JP Morgan announces new division to fund at least $100 billion in emerging market projects
Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it...
Risk Aversion Dominates on Concerns of Coronavirus Outbreak in China
Risk aversion dominates the Asian markets today on concerns of coronavirus outbreak in China. Hong Kong HSI leads the way down, additionally pressured by Moody’s downgrade. In the currency markets, commodity currencies are broadly lower, with Australian Dollar suffering biggest...
First Kenyan shilling green bond lists on London Stock Exchange
A Kenyan property developer has listed the first shilling-denominated green bond programme on the London Stock Exchange (LSE), marking a step forward in the bid to open up Africa’s local currency bond market to international investors. Low global rates have...
BOC to Leave Rate Unchanged at 1.75%. Disappointing Data Likely Due to Temporary Factors
BOC is likely to leave the policy rate unchanged at 1.75% at the meeting this week. While several macroeconomic data released since the December meeting surprised to the downside, it could take a few more months to confirm the trend....
GBPAUD Inches Sideways Towards Supportive Trendline
GBPAUD has shifted sideways after a pullback from the multi-year peak of 1.9521. Directional momentum has evaporated, and the pair is approaching a supportive trendline drawn from the low of 30 July 2019. The MACD is marginally above its red...
Dollar Rises Again after Brief Retreat, EUR/USD Pressing Key Support
Dollar, Canadian and Yen are so far the strongest ones in a relatively quiet day. The greenback is supported by recent data as well as easing trade tension. But as the US economic calendar is ultra light this week, Dollar’s...
Bank of Japan to Likely Keep Policy Unchanged as Risks Subside
The Bank of Japan will be the first of the major central banks to hold its first monetary policy meeting of 2020 on January 20-21. The Bank will also be releasing its quarterly Outlook Report together with its decision on...
Davos and Earnings in Focus
It’s been a slow start to an otherwise frenetic week, with the bank holiday in the US only adding to the light volumes and absent news flow. This comes following a rather eventful start to the year, since which markets...
AUD/USD Outlook: Aussie Extends Weakness on Rising Expectations for Rate Cut
The Australian dollar fell in European session to the lowest since 10 Jan, after brief recovery in Asia lost traction. Fresh weakness comes in extension of Friday’s strong fall after bull stalled on Thursday and formed bull-trap reversal pattern on...
S&P 500 The Upside Prevails
Pivot (invalidation): 3302.50 Our preference Long positions above 3302.50 with targets at 3350.00 & 3362.00 in extension. Alternative scenario Below 3302.50 look for further downside with 3281.00 & 3261.00 as targets. – advertisement – Comment The RSI is bullish and...
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