US GDP Up 2.1% in Q4/19
US GDP increased 2.1% in Q4 2019 Increase despite a large drag from inventories that could unwind going forward Domestic demand growth softened, but still posted solid 2.3% growth in 2019 as a whole The US economy continued to grow...
Sterling Rebounds after BoE Stands Pat, Coronavirus Fears Remain
Sterling surges broadly today after BoE left interest rates unchanged at 0.75%. Only two policymakers, the usual ones, voted for a cut, without additional dove. Swiss Franc and Yen follow as next strongest on coronavirus fears. An Italian cruise ship...
GBP/USD Outlook: Pound Rallies above 1.31 Barrier after BoE Kept Rates on Hold
Cable jumped to 1.31 zone after BoE announcement, as the MPC voted 7-2 to keep interest rates unchanged at 0.75% on today’s policy meeting. The central bank supported its today’s decision by pointing at post-election growth in the UK economy...
WTI Oil Outlook: Oil Prices Remain In Red On China Virus Spreading Fears And Rise Of US Crude Stocks
WTI oil extends weakness on Thursday after being hit by unexpected build in US crude stocks on Wednesday that adds to negative impact from China virus spreading fears. The contract holds in red for the second day and is on...
Awaiting Whether WHO Declares A Global Emergency Over The Coronavirus
Notes/Observations Risk aversion and safe-haven flows dominate on coronavirus concerns;World Health Organization considered issuing a global alarm on China’s spreading coronavirus; India reported its 1st case of the coronavirus; WHO to hold EU data continues to hint of stabilization taking...
Deutsche Bank posts net loss of 5.3 billion euros for 2019 amid major restructuring
Deutsche Bank on Thursday posted a full-year net loss of 5.3 billion euros ($5.8 billion) amid a huge transformation project, the cost of which the German lender said is now 70% complete. Analysts had expected a 5.1 billion euro loss...
Risk Aversion Back after a Breather, Coronavirus Cases Top 7700
Risk aversion is back in the markets after taking a breather yesterday, as there remains no sign of containment of China’s coronavirus. Yen and Swiss Franc are the strongest ones today, with Yen pressing this week’s high against other major...
Fed Delivered Message with Dovish Tweak, Remaining Concerned about Low Inflation
FOMC left the Fed funds rate unchanged at 1.50-1.75% as widely anticipated. The accompanying statement contained few changes which were skewed to a mildly dovish side. Given the Fed’s dissatisfaction over weak inflation and uncertainty over global growth, the market...
Market Morning Briefing: Euro Is Trading Above Important Levels Of 1.10
STOCKS Asian indices are trading in the red. Nikkei has declined sharply and is closer to a very crucial support which needs to hold in order to avoid further fall. Dow and DAX sustain higher but have to breach a...
Fourth quarter GDP could show economy entered a slower growth patch at year-end
Economic growth in the final quarter of the year is expected to be on par with the third quarter’s 2.1%, but it is also likely to herald the start of a slower trend that could continue through the first half...
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