The decline of trading on Wall Street, explained
Wall Street used to be full of traders. Buying and selling stocks or bonds used to happen on the phone, in person or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading...
FX outsourcing is quick, but not always easy
Cost and time to market are two of the main motivations for outsourced FX execution. Regulation, fragmentation of liquidity and advances in electronic trading products and services have driven up the cost of in-house execution tools, which can take 12...
Consumer sentiment rises in February even amid the coronavirus outbreak
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment...
How Long Until US Stocks ‘Feel the Bern’?
The Democratic primary race, which will decide who will square off against President Trump at the November presidential election, has kicked off. The field of candidates remains crowded and the outcome uncertain, though national polls increasingly suggest that Senator Bernie...
Week Ahead – Flash February PMIs Eyed as Virus Outbreak Shows Few Signs of Slowing
The preliminary PMIs for February will take centre stage next week as they will provide the first insight into the possible impact of the coronavirus on the global economy. The flash releases in the Eurozone, Japan, the United Kingdom and...
Consumer spending rose modestly in January as clothing store sales fell by the most since 2009
U.S. consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said...
US January industrial output falls on weather, Boeing drop
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of...
EURCAD Breaks Sideways Pattern to the Downside
EURCAD broke to the downside the medium-term sideways range that had been confining the price action in recent months, with an upper bound at 1.4770 and a lower end at 1.4415. The pair is now testing the 3-year low of...
Dollar Mixed after Shrugging Off Retail Sales, Euro Trying to Recover
Economic data released today are generally ignored by the markets. Dollar is mixed, paying little attention to US retail sales. Euro recovers mildly today on short profit taking ahead of weekend. But it remains the weakest one for the week....
AUDCHF Remains Bearish Despite Reversal Off All-Time-Low
AUDCHF is currently flirting with the flat blue Kijun-sen line around 0.6586, following a pullback off the all-time low of 0.6436. Backing this improvement, is the red Tenkan-sen line that has turned up and the technical indicators. The short-term oscillators...
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