Global Stocks in Crash Mode on Coronavirus, Commodity Currencies Pressured
Global stock market could be considered in crash mode as worries over China’s coronavirus continues to intensify. Confirmed infections in China jumped to 2835, according to latest information from state media. Death toll continues to stand at 81. WHO Director-General...
Chance of BOE Rate Cut Balanced, as Weak Inflation is Offset by Strong Business Sentiment and Job Market
The market is mixed regarding whether BOE will lower the Bank rate at the upcoming meeting. Now the dust has settled for Brexit, the focus is turned to BOE’s monetary policy decision. Weakening in inflation suggests that a rate cut...
WTI Oil Outlook: Crude Oil Falls Further After Gap-Lower Opening As Virus Concerns Weigh Heavily
WTI oil price started the week with 130-pips gap lower and extended to the levels last traded in early Oct, pressured by concerns that virus spread could have strong negative effect on oil demand. The price holding firmly in red...
Business survey suggests US labor market may have peaked
A “We’re Hiring” sign at a Target location in New York, December 14, 2019. Scott Mlyn | CNBC There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in...
Capital markets: How to enter China
By Rebecca Feng Foreign banks are rightly excited about their chances of getting unfettered access to China’s capital markets. They can already own 51% of onshore securities joint ventures – the China Securities Regulatory Commission (CSRC), headed by Yi Huiman,...
Coronavirus Spread Strengthens Yen, Weakens AUD…
JPY strengthened, while the Aussie weakened against the USD on Friday and during today’s Asian session, as worries about the spreading of the coronavirus increased further. China announced that it will extent the New Year holiday to February 2nd in...
EUR/JPY Could Make Brief Upside Retacement
The single European currency declined by 84 basis points or 0.69% in value against the Japanese Yen on Friday. The currency pair was pressured south by the 50– hour simple moving average. As for the near future, the EUR/JPY exchange...
Coronavirus Worries Intensify; Stocks, Oil & Yuan Fall; Yen, Swiss & Gold Jump
The holiday market in Asia is in deep risk aversion as worries on China’s coronavirus intensified, after surge in confirmed cases and death tolls. Yen and Swiss Franc jump notably while New Zealand and Australian Dollars weaken. Risk aversion is...
FOMC to Stay Put this Week
It is widely expected that the Fed will leave the policy rate unchanged at 1.5-1.75% at the January meeting. Meanwhile, we believe the accompanying statement will contain only minor change from the one in December. Major economic data will be...
Visa just backed a payments start-up that powers popular fintech apps like Monzo and Revolut
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images Financial technology start-up Currencycloud, which powers cross-border payments for a number of popular...
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