GBPJPY Hits A Snag Trying To Resume Positive Trajectory
GBPJPY is gaining ground, currently striving to close above 140.82 to clearly resume the climb. The steady incline is also sponsored by the progressing Ichimoku lines and the advancing 50- and 100-day simple moving averages (SMAs). Additionally, an approaching bullish...
A ‘double dip’ in the U.S. economy is ‘still possible,’ says former Fed official
The U.S. economy looks set to rebound in the current quarter from the previous three months’ deep contraction — but it could sink again if the coronavirus outbreak is not managed well, warned a former Federal Reserve official. Dennis Lockhart,...
Yen Down on Surging Yield, Rebounds on Abe Resignation Talks
Dollar spiked lower overnight after quickly stabilized, as supported by surge in treasury yields. Fed Chair Jerome Powell announced that adoption of “average inflation targeting”. That goes beyond the “symmetric” targeting, and allows inflation to overshoot to average out at...
Powell Announced Dovish Shift to Fed’s Monetary Policy, Targeting Averaging Inflation and shortfall of Maximum Employment
At the annual Jackson Hole Symposium, Fed Chair Powell briefed the market on the results of the Fed’s strategic review of its monetary policy strategy. Powell announced the new approach to deal with price stability and maximum employment, the dual...
Fed pledges to look at if the economy is working for lower-income communities when setting policy
The Fed wants its policies to lift many more boats and go far deeper to get lower-income and underemployed Americans to work, before it pulls back from its easy policy stance. Fed Chairman Jerome Powell on Thursday announced that the...
Blackstone-Takeda deal is good news for Japan investment bankers
For some time now, investment banks in Japan have been counting on a theory being correct. It goes like this: as corporate governance and investor activism have belatedly become fixtures of Japanese corporate life, the country’s tangled conglomerates will streamline,...
Fed’s ‘laser beam’ focus is bullish for market, top economist Michael Darda suggests
Stocks may have another reason to rally. According to MKM Partners’ Michael Darda, the risk of a monetary policy mistake at the margin is lower now than it was just yesterday. His call follows Federal Reserve chief Jerome Powell’s speech...
Copper Futures Uptrend Intact; Positive Backing Present
Copper futures maintain a steady bullish bearing after a bounce on the 50-day simple moving average (SMA), which sent the commodity to a 25-Month peak of 3.040. The rising red Tenkan-sen line is promoting additional advances, while the bullish crossover...
Fintech and the regulators: Bridges to nowhere?
Fintech bridge agreements are described as “a bespoke agreement outlining collaboration between two governments, cooperation between regulatory bodies and connectivity between ecosystems that encourages the sharing of information, including emerging trends and regulatory issues, with counterparts and discussions around areas...
USD Index Outlook: Fed’s New Strategy Inflate Dollar But Unlikely to Spark Stronger Rally
The dollar fell across the board in immediate reaction to Fed Chairman Powell’s comments, but regained traction and returned above the levels it traded before the speech. In its highly focused speech in Jackson Hole symposium, Powel unveiled central bank’s...
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