Toomey says he won’t oppose Judy Shelton’s controversial Fed nomination
Senator Pat Toomey Cameron Costa | CNBC Sen. Patrick Toomey said he will support the nomination of Judy Shelton to the Federal Reserve, removing a key obstacle to her confirmation. The Pennsylvania Republican said Wednesday he received assurance that Shelton...
Canadian Q4 GDP Eyed ahead of BoC Meeting
Canada will report GDP numbers for the fourth quarter on Friday (13:30 GMT) when trade tensions and industrial strikes are expected to have ground growth to a near halt. With economic conditions not likely to have improved in the first...
US new home sales surge to 12.5-year high in January
Workers install roof trusses on a home under construction in Vineyard, Utah. George Frey | Bloomberg | Getty Images Sales of new U.S. single-family homes raced to a 12.5-year high in January, pointing to housing market strength that could help...
Dollar Firmer after Hitting Support, While Risk Aversion Eases Mildly
Risk aversion continues today but selloff in the stock markets seem to be easing a bit, with major European indices off lows at the time of writing. Global coronavirus outbreak remains the main focus, with South Korea’s cases surge again...
Disaster insurance investment bets strike fever pitch as coronavirus fears soar
The coronavirus outbreak is sparking extreme demand for market protection, according to XFA’s Bill Looney. Looney, who runs the firm’s global business development, finds options traders are placing call strikes on the Cboe Volatility Index at a fever pitch as new virus cases...
Macaskill on markets: The European bank random CEO generator
The global financial crisis led to a divergence in bank governance trends on either side of the Atlantic. US banks recovered faster than their European rivals and many firms retained the practice of combining the role of chairman and chief...
Weekly mortgage applications rise 1.5%, just before the big rate drop
A mixed week for mortgage rates caused a split in application volume between refinances and purchase loans. Total mortgage application volume rose 1.5% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index, which included...
AUDUSD In Freefall As Selloff Resumes
AUDUSD is looking more bearish by the day in both the near-term and medium-term time frames as the pair keeps carving out fresh 11-year lows after a brief pause. Momentum indicators suggest the negative picture will persist at least in...
GBP/USD Outlook: The Pair Spiked Above 1.3000 And Is Currently Correcting Lower
The British Pound remained positive above the 1.2880 and 1.2900 support levels against the US Dollar. The GBP/USD pair climbed higher and surpassed the 1.2940 resistance. Besides, the pair settled above the 1.2980 level and the 50 hourly simple moving...
Rush To Safety Continues
The early optimism in European stock markets was rapidly washed out at the open yesterday. US indices sold off heavily for a second consecutive day. The S&P500 and the Dow closed Tuesday’s session 3% lower, as Nasdaq dived 2.77% on...
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