Yen Remains Weak
On Monday, February 17th, USDJPY is slowly growing and trading close to 109.84. The Yen has been weak for the second trading session in a row. The statistics published today showed that the Japanese GDP lost 1.6% q/q in the...
EURUSD Cautiously Bearish, Forms Inverted Hammer
EURUSD appears to have slowed slightly – with the development of an inverted hammer pattern – ahead of the April 2017 gap of 1.0820 – 1.0777 following a descent, which deflected off the 50-day simple moving average (SMA) around 1.1095....
N26 customers feel ‘betrayed’ by the German digital bank’s decision to quit the UK
N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Customers of the German online bank N26 say they feel “outraged” and “betrayed” by the firm’s decision to leave the U.K. Berlin-based N26...
Japanese Recession Fears Mount
Market movers today Markets will continue to follow the spread of the coronavirus closely and whether it continues to slow down. It is Presidents’ Day, so US markets are closed today. – advertisement – Later this week, minutes from both...
Yen and Nikkei Lower on GDP Contraction, Pessimistic Outlook
Asian markets are mixed as another week starts. Nikkei weakens, together with Yen, as data showed the Japan economy suffered worst contraction in six years. Singapore Strait Times is also mildly lower after the government downgrade this year’s growth forecast....
Tidjane Thiam leaves Credit Suisse poised for growth
Outgoing CEO Tidjane Thiam at the annual news conference in Zurich on Thursday, to present Credit Suisse’s results for 2019 Credit Suisse on Thursday reported operational pre-tax income of SFr4.3 billion for 2019 after stripping out exceptional reported items. That is...
Euro Collapsed on Coronavirus Spillover Fears, Next Two Weeks Crucial
While China’s Wuhan coronavirus outbreak remained a major focus last week and triggered much volatility. But overall, stocks investors seemed not too bothered, with US indices continuing record runs. Other major markets are mixed only FTSE and Nikkei ended the...
Trump administration may stop exporting engines co-manufactured by GE to China, WSJ says
A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett...
Bloomberg is considering Hillary Clinton as his running mate, says Matt Drudge
Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles, Emma McIntyre | Getty Images Presidential candidate Mike Bloomberg...
China taps blockchain technology to boost financing for businesses hit by virus
Giant letters, reading the word ‘blockchain’, are displayed at the blockchain centre, which aims at boosting start-ups, on February 7, 2018 in Lithuania’s capital Vilnius. Petras Malukas | AFP | Getty Images BEIJING – As Chinese authorities rush to support...
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