US retail sales climb in December, and November sales were revised up
U.S. retail sales rose for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, which could strengthen the view that the economy maintained a moderate growth...
Yen and Dollar Lower as US Investors Cheer Trade Deal, Markets Mixed Elsewhere
Yen and Dollar trade broadly lower today while markets are having different reactions to US-China trade deal phase one, which was signed finally yesterday. Asian stocks were mixed while European stocks are soft. But US futures point to higher open,...
Copper Futures Unlock 8-Month High; Positive Momentum Increases
Copper futures for March delivery stretched their rally to a fresh eight-month peak of 2.8794 earlier today, exiting from the squeeze Bollinger Band. The near-term bias is looking bullish as the RSI is heading upwards near the 70 level, while the MACD...
Euromoney FX Survey 2020: Voting now opened
Euromoney Foreign Exchange Survey 2020 Voting for the 2020 Euromoney Foreign Exchange Survey is now open and will close 28th February 2020. VOTE NOW The survey is also available in the languages listed below. The 2020 questionnaire and methodology is...
USD/TRY Outlook: Lira Jumps After CBRT Surprised With 0.75% Rate Cut Vs 0.5% Consensus
Turkish lira rose against US dollar after CBRT surprised markets by 0.75% rate cut to 11.25% vs widely expected half percent easing. The central bank said that current policy stance remains consistent as inflation outlook continues to improve. Rate cut...
ABN Amro CEO-elect Robert Swaak faces AML, M&A test
ABN Amro names Robert Swaak as CEO Robert Swaak is largely unknown, even in the relatively close-knit banking community of the Netherlands, but after a career at the Dutch branch of PwC, he is assuming one of the most influential...
Markets Shrug US-China Trade Deal, Dollar Await Retail Sales
The US-China trade deal phase one was finally signed but market reactions were muted. US stock indices hit record highs but gains were limited. On the other hand, there were notable fund flows into bonds and Swiss Franc over political...
Gold Price Could Restart Its Rise Above $1,575
Key Highlights Gold price corrected lower from $1,611 and tested the $1,535 support against the US Dollar. Recently, there was a break above a key bearish trend line with resistance near $1,545 on the 4-hours chart of XAU/USD. The US...
Gold Firms As US-China Trade Deal Details Fail To Allay Uncertainty
Gold rose on Wednesday as details of the U.S.-China Phase 1 trade deal failed to soothe investors’ concerns about trade differences, as Washington retained tariffs on some Chinese goods. In other precious metals, palladium climbed to a record high and...
Asian exchanges: Taking stock
This is the question facing regulators across Asia’s emerging markets. Some of them have recently established exchanges. Others are wondering how to reinvigorate decades-old, lacklustre institutions. No one finds the task easy. Cambodia and Kazakhstan, in their own ways, face...
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