If stocks rally on a US-China trade deal, ‘take profits very quickly,’ Stephen Roach says
One of the world’s leading authorities on Asia expects a U.S.-China trade deal but suggests any market rally off the news will be fleeting. Yale University senior fellow Stephen Roach, who spent five years as Morgan Stanley Asia chairman, believes...
GBPUSD Pressured Below 1.3150
The British pound is trading towards the lower-end of its weekly trading range against the US dollar as the UK Parliament remains deadlocked over Brexit. If the GBPUSD pair continues to decline, the 1.3100 level offers the strongest form of...
Brexit Stalemate Continues, US-China Trade Talks Resume, Euro Vulnerable
The forex markets are relatively quiet as quarter end approaches. Sterling remains stuck in range as Brexit stalemate continues. The UK Parliament continued to tell the world what they don’t want regarding Brexit, but not they really want. Meanwhile, US-China...
Copper’s Failed Break Could See Further Downside
We had higher hopes for copper after it broke out of its multi-month range. Yet, having failed its quest to hold above key support and trade back within range, bearish ears have perked. The break back below $2.87 has effectively...
Gold Price Uptrend Facing Many Hurdles
Key Highlights Gold price started a solid upward move from the $1,282 support against the US Dollar. There is a significant ascending channel formed with support at $1,308 on the 4-hours chart of XAU/USD. The US Trade Balance in Jan...
The Turkish Delight That Bites
The Turkish delight that bites Yesterday’s Turkish travails are hinting at the pressure emerging markets may face later in the year as the global economy slows. The cost of borrowing Turkish Lira (TRY) for offshore parties rose to over 1000%...
US FX Handover
Parliament is currently voting on a series of non-binding “indicative” votes on the future path for Brexit, while some Euroskeptic lawmakers agree to support PM May’s deal in exchange for her resignation. Uncertainty still reigns supreme, though the pound was...
Watch the CEOs of Wells Fargo and Mastercard discuss payments and the future of banking
[The stream is slated to start at 6:45 p.m. ET. Please refresh the page if you do not see a player above at that time.] Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga are set to discuss the...
British Pound Snoozes through Brexit Fireworks
GBP/USD continues to drift this week. In Wednesday’s North American trade, the pair is trading at 1.3207, up 0.01% on the day. On the release front, British CBI Realized Sales shocked with a reading of -18, compared to the forecast...
Japanese Yen Dips, Consumer Data Ahead
USD/JPY has edged higher on Wednesday. In the North American session, the pair is trading at 110.32, down 0.28% on the day. On the release front, there are no Japanese indicators. In the U.S., the trade deficit narrowed to $51.1...