Impact investing: The mindless mantra – ‘doing well by doing good’
On the recommendation of a few people in the impact investment community I am reading ‘Winners take all: The elite charade of changing the world’, and although I’m only a third of the way through, I’m already reeling. By next...
Stocks making the biggest moves premarket: Kellogg, J&J, T-Mobile, PG&E & more
Check out the companies making headlines before the bell: Cal-Maine Foods — The egg producer reported quarterly profit of 82 cents per share, well above the consensus estimate of 43 cents a share. Revenue also topped Wall Street forecasts. Cal-Maine...
AUD/USD Outlook: Aussie Stands At The Front Foot On Fresh Risk Mode Ahead Of RBA
The Aussie dollar extends recovery above 0.71 handle on Monday, boosted by renewed risk appetite. Recovery emerged from solid Fibo support at 0.7066 on Friday, where two-day fall bottomed. Overall tone is still neutral as the price action remains within...
EUR/USD Analysis: Limited Correction Ahead Of Final Push Towards 1.1176 Target
Deeply oversold stochastic signals adjustment after last week’s strong fall, but overall structure remains negative. Strengthening bearish momentum and double close below pivotal Fibo support at 1.1240 (76.4% of 1.1176/1.1448) add to negative outlook. Solid offers at 1.1280/1.1300 zone (broken...
Macaskill on markets: After the Draghi put, a Coeuré call?
Draghi ended his last full year as ECB president with a performance that deployed his trademark adroit management of market expectations with choreographed policy changes. He confirmed in a December press conference that expansion of the ECB’s quantitative easing (QE)...
Sideways: The Fed – I’m a central banker… get me out of here!
Federal Reserve chairman Jay Powell President Trump appointed Powell to run the Federal Reserve, so the central banker cannot complain that he didn’t know what he was getting into when he took the job. It is nevertheless unlikely that Powell...
EUR/JPY Reaches 200-Hour SMA
The common European currency appreciated about 59 base points against the Japanese Yen on Friday. The currency pair was supported by the 50-hour simple moving average. The exchange rate was trading near a resistance level formed by the 200-hour simple...
How European banks can consolidate without merging
If they stand any chance of making money from serving the small and medium-sized clients that American investment banks will never touch, European firms must gain scale by bringing together the continent’s disparate financial markets. That sounds like wishful thinking....
China Manufacturing PMIs Back in Expansion, Asian Stocks and Australian Dollar Lifted
Stock markets staged a strong rally in Asian session as lifted by better than expected manufacturing data from China. Both official and Caixin PMI manufactured climbed back into expansionary region, suggests that the worst could be over. Australian Dollar jumps...
GBP/USD And USD/CAD At Risk Of More Losses
GBP/USD declined sharply below the 1.3165 and 1.3085 support levels. USD/CAD also declined recently and broke the key 1.3400 support level to move into a bearish zone. Important Takeaways for GBP/USD and USD/CAD The British Pound failed to clear the...