Job openings slide to a two-year low as labor market gets tighter
Job openings tumbled again in December to their lowest level in two years, according to Labor Department data released Tuesday. With unemployment remaining around a 50-year low, the labor market tightened again as 2019 came to a close. Total vacancies...
Powell stresses that Fed is ‘closely monitoring’ coronavirus for hit to China and the world
The Federal Reserve is “closely monitoring” the coronavirus, its impact on China and the effect that it could have on global economic growth, Chairman Jerome Powell said Tuesday. In his semiannual testimony before Congress, Powell said the new threat comes...
N26, the German online bank backed by Peter Thiel, says it’s leaving the UK because of Brexit
Valentin Stalf, CEO of N26, at the bank’s office in Berlin, Germany. Wolfgang Kumm | picture alliance | Getty Images German online bank N26 has told customers it’s pulling out of the U.K. because it won’t have a license to...
NZDJPY’s Bearish Short-Term Picture Being Tested
NZDJPY yesterday hit a floor at the 70.00 mark, resulting in the pair’s second reversal around the 70.00 – 69.95 barrier (previous resistance-now-support levels), which held back in October and November of 2019. The improving short-term oscillators back the recent...
US: Small Business Confidence Rebounds in January
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Risk Appetite Firm as Markets Await Fed Powell, Dollar Mixed in Consolidation
Yen and Swiss are trading generally softer today as risk markets pick up some momentum again. On the other hand, Australian Dollar is leading other commodity currencies higher. Dollar is mixed for the moment, awaiting Fed Chair Jerome Powell’s testimony....
What to look for from Fed Chair Powell’s testimony
Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Tuesday at a touchy juncture: The world is awash in fear from a deadly virus outbreak, lawmakers are just getting over a historically bruising political battle, and the central bank...
CHI 50 Index Fights With 200-SMA After Rebound On 8-Month Low
China’s 50 stock index (CHI 50) has rebounded somewhat after falling to the eight-month low of 12,520 on February. Currently, the price struggles beneath the 200-day simple moving average (SMA), which overlaps with the area of the 23.6% Fibonacci retracement...
Sentiments Lifted as Fed Officials Assure Rates to Stay Low, Dollar Softens Mildly
Market sentiments are generally calm in Asia, which follow US equities higher. Investors were assured by Fed officials that interest rate is going to stay low at current level for a while. Commodity currencies are recovering today, with Aussie leading...
Asia Morning: Familiar Conversations
Risk stable Overnight, markets have regained composure reversing early Monday weakness driven by nCoV concerns, which granted, continue to cause a stir. Moves, however, have been somewhat selective and emphasise for the time being that Asia region still remains on...