GBP/USD At Risk Of Sharp Decline Below 1.3000
Key Highlights GBP/USD failed to clear the 1.3260 resistance and declined below 1.3150. A key bullish trend line is forming with support near 1.3085 on the 4-hours chart. EUR/USD remained stable above 1.1720 and corrected higher. The US New Home...
U.S. stock futures rise slightly after the S&P 500’s first close above 3,400
U.S. stock futures were flat on Monday night after another record-setting session on Wall Street. Dow Jones Industrial Average futures traded just below the flatline along with S&P 500 and Nasdaq 100 futures. During regular trading, the S&P 500 climbed...
WTI Oil Outlook: Formation of Golden Cross May Underpin for Renewed Attack at Key $43.05 Barrier
Monday’s action was so far without clear direction, as WTI price initially rose, dragged by advance of riskier assets, but persisting concerns about global demand on the second wave of virus and slower than economic recovery, continue to weigh and...
USD/CAD Calm at Start of Week
The Canadian dollar has started the week with slight losses. In the North American session, USD/CAD is trading at 1.3156, down 0.16% on the day. Canada retail sales soar The week ended on a high note, as Canada’s retail sales...
Vaccine Hopes Boost Sentiments, Dollar and Yen Down
Global markets surge broadly today on more optimism on coronavirus treatment. S&P 500 and NASDAQ are both set to extend recent record runs. Yen and Dollar are back under some selling pressure, but New Zealand Dollar is not far away....
Economists see a chance of a double-dip recession, survey shows
People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, June 18, 2020. Bryan Woolston | Reuters There’s a 1-in-4 chance the economy could fall into a double-dip recession, according to...
Euro Quietly Growing
The major currency pair is pretty quiet early in a new August week and trading around 1.1820. Investors, taking advantage of the silly season, are analyzing all that’s happening and saving strengths for the future. The Jackson Hole Economic Symposium...
Risk Appetite Continues To Find Some Footing
Notes/Observations Perceived easing in US-China trade tensions helps risk appetite coupled with progress of various potential coronavirus treatments The summer lull in bond issuance expected to end this week with numerous sovereign auctions and syndicates expected Attention building to the...
Five questions about the Goldman 1MDB settlement
The agreement between Goldman Sachs and the Malaysian government over the US bank’s work with 1MDB has inspired a number of ‘Goldman settles for $3.9 billion’ headlines. There’s a bit more going on beneath the surface, and not everything is...
How big businesses in Singapore are managing the challenges of coronavirus
The coronavirus pandemic has thrown into sharp focus the role of government in supporting the economy during periods of crises. But it has also highlighted the role big business can play. Look at Singapore. As the Asia-Pacific headquarters for many major corporations,...
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