Dow Jones Outlook: Bears are Pausing above Rising Daily Cloud
The Dow Jones bounces on Monday (up 0.77% from opening), recovering some ground after last Friday’s heavy losses (2.05% down for the day, the biggest one day fall in six months). Fears of coronavirus spreading and rising death toll keep...
Sterling Tumbles on Worries Over Negotiations With EU, Euro Dragged Down
Focuses in the forex markets turned temporarily from China’s coronavirus outbreak to Brexit. Both EU and UK expressed strong positions regarding up coming trade negotiations. Their stance reminds traders that risk of cliff-edge Brexit by year end remains. Sterling suffers...
Chinese Stocks Fall Apart, But Currencies Take A Breather
Equities in China fall ~8%, but broader market stabilizes after Friday’s selloff Recession fears reignite, pushing dollar down as Fed rate cuts are priced in Pound drops as Boris ‘talks tough’ – prelude of things to come? US Democratic primary...
Gold Remains Optimistic Despite Receding To Ichimoku Cloud
Gold’s recent withdrawal from 1,594 is tackling the uptrend line, drawn from 20 December 2019, and the 1,575 level – near the Ichimoku cloud – which is the 23.6% Fibonacci retracement of the up leg from 1,458.42 to 1,611.28. Moreover,...
India’s finance minister says growth target of 6% to 6.5% in 2021 is ‘realistic’
India’s finance minister said there are signs pointing to a turnaround in Asia’s third-largest economy, and the government’s growth targets for 2021 are within reach. “I say it is realistic because we’ve taken various factors on board, and expect the...
Risk Aversion Stays as China Back from Holiday, Coronavirus Outbreak Worsens
Risk aversion continues in Asian session as China’s coronavirus outbreak continues to worsen. The Shanghai SSE is currently down -8.13%, catching up with others as it’s back from holiday. Nikkei is down -1.10%. Singapore Strait Times is down -1.07%. Though,...
Alipay partners with WorldRemit to tap into the Chinese diaspora
Alipay is one step closer to e-wallet world domination following a new partnership with online remittances company WorldRemit. The partnership, agreed on the January 22, will allow consumers to use the WorldRemit app or website to send cross-border remittances to...
Why pro athletes like Richard Sherman and Andre Iguodala are cozying up to venture capital
Cornerback Richard Sherman #25 of the San Francisco 49ers Christian Petersen The world’s premiere athletes are getting an early look at venture capital deals — partially thanks to their social media game. Athletes’ Twitter and Instagram followers give them a...
RBA Probably Stays Put in February, Rate Cut Inevitably in Second Quarter
The encouraging employment report might make the case of rate cut less strong this month. Economic developments since the December meeting have been mixed at best. Although job market and inflation showed improvement, GDP growth in the third quarter slowed...
Luanda Leaks emails show financial institutions still have KYC problems
Isabel dos Santos, chairwoman of Angola’s state-owned oil company Sonangol When the façade around Isabel dos Santos, the billionaire daughter of the former president of Angola, came crashing down in January, those familiar with her reputation, her father and her business interests...
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