RBA Minutes Reveal that Members Consider Cutting Rates Below 0.75%, Warn of Coronavirus Uncertainty
In contrast to February’s RBA meeting statement, which demonstrated a less dovish outlook, the minutes revealed that the members considered lowering the policy rate further. Yet, they decided to keep the powder dry on concerns over “risks associated with very...
Risk-off after Apple Warning, Euro Extending Decline ahead of German ZEW
Markets are back in risk off mode in Asia after Apple’s warning. While Wuhan coronavirus cases in China might appear to have slowed, investors remain vigilant. More risks lie ahead with German economic sentiment data featured today. For now, commodity...
HSBC’s pre-tax profit for 2019 was $13.35 billion, revenue was $56.1 billion
HSBC logo is displayed outside a branch of in the United Kingdom. Matt Cardy | Getty Images HSBC on Tuesday reported 2019 pre-tax profit of $13.35 billion, while revenue during the same period was $56.1 billion. Prior to the latest earnings...
GBP/USD Struggling Ahead Of UK Jobs Report
Key Highlights GBP/USD recovered above 1.3000, but it is struggling to clear the 1.3050-1.3060 resistance. A key bearish trend line is forming with resistance near 1.3040 on the 4-hours chart. The UK ILO Unemployment Rate is likely to remain at...
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