Banking: New decade, similar problems
How does the banking industry look as we enter a new decade? It’s worth taking a look back at the one that just finished before we do that. January 2010 was still the worst of times for banking. It’s easy...
USD/CAD Flat Despite Strong Canadian Data
The Canadian dollar’s mini-rally has taken a pause on Thursday. In the North American session, the pair is trading at 1.3306, down 0.11% on the day. After a quiet start to the week, USD/CAD dropped by o.50% on Wednesday, its...
Bancassurers are thriving again, but for how long?
It’s not meant to be like this. In the new digital world, banks are supposed to be financial supermarkets, developing internationally transportable distribution platforms with high-value third-party products. Even loans and deposits – certainly insurance and savings products – should...
Jobless claims edge lower to 837,000 as slow recovery continues
First-time claims for unemployment insurance totaled 837,000 last week, the Labor Department said Thursday as the jobs market continues its plodding recovery from the coronavirus pandemic. Economists surveyed by Dow Jones had been expecting 850,000. The weekly total represented a...
Dollar Decline Paused after Better than Expected Data
Dollar attempted to edge lower earlier today but the bears are still not too committed. Selling has indeed turned to Yen in early US session, after some better than expected US data. The stocks markets are also lacking a clear...
WTI Oil Outlook: Near-Term Action Remains Capped By Daily Cloud Base
WTI oil price eases on Thursday on fresh risk aversion and persisting fears about global demand recovery on rising coronavirus cases and higher supplies from OPEC+ group. The price action remains capped by daily cloud base for the second day...
Stocks making the biggest moves in the premarket: PepsiCo, Bed Bath & Beyond, Amazon & more
Take a look at some of the biggest movers in the premarket: PepsiCo (PEP) – The snack and beverage giant reported quarterly profit of $1.66 per share, beating the consensus estimate of $1.49 a share. Revenue came in above estimates...
Israel sells $3 billion bond as regional tensions abate
Just days after a deadly airstrike on Iranian general Qassem Soleimani shook the markets, Israel sold a $3 billion Eurobond to investors who say that, despite early fears of an imminent escalation, regional flare-ups are just an everyday part of...
TRY/JPY 4H Chart: Two Scenarios Likely
The TRY/JPY exchange rate continued to decline within the falling wedge pattern. From a theoretical perspective, it is likely that the currency pair could breach the given pattern north within the following trading sessions. In this case the pair could...
Technology vendors eye FX client onboarding opportunity
Anti-money laundering (AML) and know-your-customer (KYC) regulations require financial institutions to carry out due diligence on their customers. Verifying the identity of these customers is a crucial step in this process and screening names against AML watchlists helps ensure that...