US 30 Index Extends Bullish Pressure; All-Time High at 29,528
The US 30 index is looking strongly bullish after surging above its daily moving averages (MA) on Monday. Prices hit a record high of 29,528 earlier today and the technical indicators are all pointing to further positive momentum in the...
USD/JPY Outlook: Steep Ascend Extends into Fourth Day But Faces Headwinds at Psychological 110 Barrier
The pair maintains firm bullish tone for the fourth straight day as dollar enjoys support from easing virus fears and China’s cut of tariffs on US imports. Strong rally from Monday so far advanced 1.2% and broke above Fibo barrier...
The man once dubbed ‘Britain’s Bill Gates’ could be one step closer to a US jail
Mike Lynch, former chief executive officer of Autonomy Corp departs the Rolls Building on June 27, 2019 in London, England. Dan Kitwood | Getty Images Mike Lynch was once described in U.K. media as “Britain’s Bill Gates.” Now the entrepreneur...
FX execution management systems: room for improvement
FX execution management systems (EMSs) have generally stood up well during the coronavirus pandemic, not least because of their ability to deploy algorithms during periods of high volatility. But according to research by The Finance Hive, a networking organization, North...
How Is Europe Growth Looking?
European growth forecasts on tap The European Commission is scheduled to release its economic growth forecasts for the region today, and those will likely determine the direction for the Euro in the near term. While data has been showing some...
Market Morning Briefing: Pound Trades Below 1.30
STOCKS A further strong surge in the equity markets across the globe. The bounce-back moves in the global equities have been happening much quicker than we had anticipated as the market gathers momentum at a faster pace. All indices like...
Risk On as Coronavirus Fears Subside, Aussie and Dollar Strong
Australian Dollar remains the strongest one for the week while markets are back in risk on mode. Fears over China’s coronavirus seem to have subsided, with S&P 500 and NASDAQ new record highs. 10-year yield also staged a strong rebound,...
Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’
San Francisco Fed President Mary Daly said Wednesday that she did not think the Fed needs to lower interest rates to offset the effects of the coronavirus outbreak or other economic headwinds. Appearing on CNBC’s “Power Lunch,” Daly said she...
There’s a 70% chance of recession in the next six months, new study from MIT and State Street finds
There’s a 70% chance that a recession will hit in the next six months, according to new research from the MIT Sloan School of Management and State Street Associates. The researchers created an index comprised of four factors and then...
Jobless claims, Uber earnings, Twitter also reports: 3 things to watch for Thursday
Dara Khosrowshahi, CEO of Uber, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan,. 22nd, 2020. Adam Galici | CNBC Here are the most important things to know about Thursday before you hit...
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