Bitcoin seduces institutional investors as coronavirus spreads
In Asia and Europe, stock markets were selling off at the start of the last week in February, after a rise in reported cases of coronavirus in Korea, Italy and Iran. Investors fled to classic risk-off trades, with the yield...
Market Morning Briefing: US Dollar Index Has Dipped From Levels Above 99.50
STOCKS Blood bath across the global equities as the fear of corona virus spreading outside China is jolting the market sentiment. All major indices have tumbled and are under pressure. However, on the charts the indices are coming closer to...
Risk Aversion Dominates as China Coronavirus Spreads Quickly Globally
Risk aversion dominates the financial markets as global outbreak of China’s Wuhan coronavirus worsens. DOW suffered the third-worst point drop in history overnight. 30-year yield hit new record low while 10-year yield also hit 3-year low. Though, Asian markets turned...
Cheap credit could prove too pricey for Turkey’s fragile economy
Turkey’s president Recep Tayyip Erdogan Most politicians would like banks to hand out more cash to businesses and voters, particularly at times of economic malaise. Fortunately, most have either too much sense or too little clout to force the issue....
USD/JPY And Stocks The Latest Casualties Of The Coronavirus
Earlier today, one of the issues we pondered regarding the coronavirus was that USD/JPY was only down 40 pips from the day’s highs, while stocks were getting hammered and gold was flying. Where was the “flight to safety”? USD/JPY and...
Fast-growing digital bank Revolut triples valuation to $5.5 billion
Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. Seb Daly | Web Summit | Getty Images British financial technology start-up Revolut has raised $500 million in a fresh round of funding that...
Will COVID-19 Force the Fed’s Hand?
The Federal Open Market Committee (FOMC), which cut rates 75 bps in 2019, has kept its target range for the fed funds rate unchanged at 1.50% to 1.75% since October (Figure 1). Moreover, the so-called “dot plot” suggests that most...
UK 100 Index Slumps Below Long-Term Supportive Trendline
The UK 100 stock index slumped below the supportive trendline that has been holding since the end of 2018, increasing concerns that the market may be changing direction to south. The downside reversal in the RSI, which is currently heading towards its 30...
European Markets Crash on Coronavirus Outbreak in Italy, Risk Aversion Intensifies
Global markets are clearly in deep risk-off mode today. In particular, with the sudden explosion in coronavirus cases in Italy (150 infections and 4 deaths), European stocks are suffering their biggest plunge since 2016. Italian stocks leads the decline, down...
The Netflix and Spotify tax: States are making streaming services more expensive
Your monthly bill for Netflix and Spotify may be going up. States are trying to capitalize on Americans’ growing fervor for digital consumption of movies, TV, music and other media content by taxing monthly subscriptions for streaming entertainment services. That...
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