Goldman’s revived Ecuadorian coverage sure sign of new deal
Goldman Sachs published an economics report on January 10 informing the markets that it was “re-initiating coverage of the Ecuadorian” economy. Then, less than two weeks later, the investment bank repackaged a $400 million social housing bond for the country...
USD/CHF 4H Chart: Breakout Could Occur
The US Dollar has surged by 95 pips or 0.99% in value against the Swiss Franc since January 15. The currency pair tested the upper boundary of a descending channel pattern at 0.9712 on January 27. Given that the USD/CHF...
EURUSD 1.0980 Key Support
The euro remains under downside pressure against the US dollar, with the pair so far finding technical support from just above the 1.1000 level. A sustained breach of the 1.1000 support level should see the EURUSD pair sold towards the...
Coronavirus Still Dominates Markets
Market movers today Today, we get capital goods orders and consumer confidence data in the US and the Congressman Budget office will release its annual budget and economic outlook. In Sweden, we will look out for the December trade balance...
Coronavirus Fear Continues as Confirmed Cases Surge, Forex Markets Taking a Breath
Risk aversion continues in Asian markets as outbreak of China’s coronavirus shows now sign of slowing. But the moves in the currency markets seem to have passed a climax. Commodity currencies are consolidating in tight range close to week lows...
Bond yields are falling and that could stunt bank profits, Jim Cramer warns
U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money”...
Kobe Bryant said he wanted to be remembered more for investing than basketball
Retired L.A. Lakers superstar Kobe Bryant, who died in a helicopter crash on Sunday, told CNBC in 2016 he hoped people would remember him more for investing than basketball in 20 years. “Playing basketball, the focus is always on winning...
One Big Reason Traders May STILL Be Underestimating Coronavirus Risks
Well, that was a brutal weekend to be sure: The tragic death of basketball legend Kobe Bryant, reports of three rocket strikes on the US embassy in Baghdad, and the continued spread of coronavirus dominated the airwaves. While each of...
US new home sales drop in December for the third straight month
Home under construction in Montgomery, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of new U.S. single-family homes unexpectedly fell in December, likely held down by a shortage of more affordable homes, but the housing market remains supported by...
USDCNH Appreciates Despite Looming Medium-Term Downtrend
The Renminbi’s recent push up from 6.8440 has returned the pair to levels seen at the end of last year. Buyers are attempting to breach an important region from 6.9790 to 6.9865 on the daily timeframe, where a bearish crossover...
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