GBP/USD Snaps 5-Day Winning Streak
GBP/USD has slipped 0.2% across the morning session, slipping off 10-day highs after failing to break its 100 day moving average after Boris Johnson said he is not expecting anything special from EU talks. Last week the pound rallied over...
HSBC’s first green deposit account targets Singapore and UK corporates
Slowly, often imperceptibly, the financial sector’s green agenda grinds into gear. It is worthy and righteous, yet it can feel like pulling teeth. HSBC is the latest global bank to hit the news with its green deposit account, offered to...
Markets Quiet With US on Holiday, Investors Shrug PBoC Stimulus
Markets are generally quite today with US on holiday. PBoC’s stimulus measure might have boosted Chinese stocks higher. Reactions from other markets are rather muted. Investors remain generally cautious as this week’s February sentiment data will reveal how much China’s...
Investors Buoyed By Chinese Stimulus
European stock markets are squeezing out small gains on Monday, with investors encouraged by efforts in China to support the economy as it continues to battle the coronavirus. The numbers we’re seeing are already pretty dreadful – to say the...
Yen Remains Weak
On Monday, February 17th, USDJPY is slowly growing and trading close to 109.84. The Yen has been weak for the second trading session in a row. The statistics published today showed that the Japanese GDP lost 1.6% q/q in the...
EURUSD Cautiously Bearish, Forms Inverted Hammer
EURUSD appears to have slowed slightly – with the development of an inverted hammer pattern – ahead of the April 2017 gap of 1.0820 – 1.0777 following a descent, which deflected off the 50-day simple moving average (SMA) around 1.1095....
N26 customers feel ‘betrayed’ by the German digital bank’s decision to quit the UK
N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Customers of the German online bank N26 say they feel “outraged” and “betrayed” by the firm’s decision to leave the U.K. Berlin-based N26...
Japanese Recession Fears Mount
Market movers today Markets will continue to follow the spread of the coronavirus closely and whether it continues to slow down. It is Presidents’ Day, so US markets are closed today. – advertisement – Later this week, minutes from both...
Yen and Nikkei Lower on GDP Contraction, Pessimistic Outlook
Asian markets are mixed as another week starts. Nikkei weakens, together with Yen, as data showed the Japan economy suffered worst contraction in six years. Singapore Strait Times is also mildly lower after the government downgrade this year’s growth forecast....