CADJPY Recovers Some Losses with Weak Momentum
CADJPY is in the process to recover some of its aggressive losses that posted at the beginning of the previous month. The 50-day simple moving average (SMA) acted as a crucial support level for the price, while the RSI and...
Markets in Full Risk On, Dollar Tumbles While Euro Surges
Powerful rally in Chinese stock markets push global equities sharply higher today. Europeans indices are all in black, DOW future is up nearly 400 pts while NASDAQ is set to extend record run. Yen and Dollar are both the worst...
US Dollar Eases In Asia
With a risk-on mood coursing through the veins in Asia, the US dollar has given ground against both major regional currencies this morning. Notable gainers are the euro and the trade-sensitive Australian and New Zealand dollars, all higher by 0.30%...
USD/CHF: The Downside Prevails
Pivot (invalidation): 0.9450 Our preference Short positions below 0.9450 with targets at 0.9420 & 0.9405 in extension. Alternative scenario Above 0.9450 look for further upside with 0.9470 & 0.9490 as targets. – advertisement – Comment The RSI calls for a...
Euro Jumps as China Markets Extend Powerful Rally
Dollar and Yen are under pressure today as Asian markets opened the week with strong rally. In particular, Chinese stocks are extending last week’s powerful rise, taking Hong Kong equities up too. In the currency markets, though, Euro is currently...
Stock futures rise slightly as Wall Street tries to build on winning week
A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020. Michael Nagel | Bloomberg | Getty Images U.S. stock futures traded slightly higher on Sunday night as Wall Street tried to...
Zut alors! SocGen may face bigger equity derivatives challenges than peers
Selling volatility is a dangerous game. Having a little of it around is a good thing, to encourage clients to buy the stuff that your structured equity division churns out. Too much of it, however, and the hedges that sit...
Country risk: Côte d’Ivoire is down but not out
Euromoney’s Q1 2020 global risk survey saw many countries downgraded, as analysts rapidly digested the effects of the coronavirus pandemic. Countries falling sharply through the global risk rankings included Lebanon, Liberia, Argentina, Mali and, more surprisingly perhaps, Côte d’Ivoire, a...
Lebanese pound sees end of dollar peg
Masked men recently bore a coffin adorned with the Lebanese pound in the city of Zahlé as people protested against years of corruption and mismanagement that have led Lebanon to economic collapse. In Sidon, people waved flags atop their cars...
How can banks balance stakeholders and Covid-19?
For banks, the potential conflict between local community loyalty and the interests of both prudential supervisors and international investors is not new. But, especially in Europe, the coronavirus crisis is making it an urgent question once again. Banks need to...
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