Loonie Braces for Canadian Jobs Data and Poloz’s Speech
The latest employment figures out of Canada will be released at 13:30 GMT on Friday. Recent data have been disappointing, which puts extra emphasis on the upcoming numbers to either confirm that the economy is losing steam or dispel such...
GBP/USD Outlook: Cable Extends Weakness after Dovish BoE Governor’s Comments
Fresh weakness after dovish comments from BoE Governor Carney approached psychological 1.30 support on Thursday. Cable is holding in red for the third straight day and threatens for further easing as daily studies softened and expectations of BoE rate cut...
Your first trade for Thursday, January 9
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Alibaba. Chris Verrone was a buyer of GE. Dan Nathan was a buyer of Pinterest. Guy Adami was a buyer of Eli...
Canada: Housing Starts End 2019 on a Softer Note
Housing starts slowed to 197,000 annualized units in December Trend rate (six-month average) slipped to 212,000 Building permits edged down to 220,000 in November Housing starts lost a bit of steam toward the end of last year, slipping to an...
Weekly jobless claims fall but number of unemployed surged to a more than 1 1/2-year high
New applications for U.S. jobless benefits fell more than expected last week, but the labor market appears to be cooling, with the number of Americans on unemployment rolls surging to more than a 1-1/2-year high at the end of 2019....
Dollar Firm as Markets Turn Risk On, Sterling Soft
Markets are generally back on risk on mode today as the concerns of US-Iran tensions faded. Also, it’s finally confirmed that Chinese Vice Premier Liu He will travel to the US for signing the trade deal phase one. Dollar rises...
What’s wrong with ESG ratings?
According to Jay Clayton, chairman of the US Securities and Exchange Commission, they are “over-inclusive and imprecise.” Researchers at MIT Sloan characterized their effect as “aggregate confusion.” And on a recent Euromoney podcast, Peter Bakker of the World Business Council...
Fed policy is in a ‘good place’ but will remain flexible on rates and repo, vice chairman says
Richard Clarida Scott Mlyn | CNBC The Federal Reserve is in “a good place” with monetary policy but remains flexible both with interest rates and its operations to tame the overnight borrowing market known as repo, Vice Chairman Richard Clarida...
SDGs: Conscious coupling of the public and private sectors
When the United Nations sustainable development goals (SDGs) for 2030 were launched in 2015, the call was for private capital to step up where public sector budgets could not – five years on, the heads of financial institutions have now...
Responsible finance: Trump’s Kodak moment
“They want no oil and gas,” US president Trump said of the Democrats on the opening night of the Republican National Convention, sandwiched between: “They want no guns”, and “They want no God”. On closing night he elaborated: “[Democratic nominee...
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