EURAUD Loses Ground in Near Term; Indicators Show Signs for Downward Move
EUR AUD is losing some ground after the sharp upside rollercoaster in the preceding week. The price struggles below the 1.5880 resistance level and above the 23.6% Fibonacci retracement level of the upleg from 1.3620 to 1.6350 around 1.5708. The...
A Guide to Safe-Haven Currencies and How To Trade Them
Safe-haven currencies are currencies that tend to retain or increase in value during times of uncertainty and market instability. Safe havens tend not to have a correlation with the performance of stocks and bonds, making them ideal for trading in...
DAX: How Will EU Stocks React To ECB?
The European Central Bank looks set to announce the end of its QE stimulus programme today, as President Mario Draghi and co. have previously indicated. But in light of recent negative developments in the financial markets, as well as political...
DAX Drops As German CPI Dips, ECB Meeting Next
The DAX index has lost ground in the Thursday session. Currently, the index is at 10,932, down 0.43% on the day. In economic news, investors are keeping a close eye on the ECB, which holds its policy meeting and is...
UK PM May Survived Leadership Challenge, Focus Turns to SNB and ECB
Risk sentiments are rather firm in Asian markets as major indices opened up and are extending gains. UK Prime Minister Theresa May’s survival of the leadership challenge is a positive factor. Also, progress and US-China trade talk is another factor....
Stocks making the biggest moves after hours: Tailored Brands, Oxford Industries and more
Check out the companies making headlines after the bell: Tailored Brands shares fell more than 25 percent after market-close as the retail company missed revenue expectations. The company owns brands such as Men’s Wearhouse and Joseph A. Bank. The company...
Democratic state senator blasts Amazon’s HQ2 as a PR scam, saying ‘New York fell for it’
New York struck a “bad deal” with Amazon to bring one of the tech giant’s East Coast headquarters to Queens, New York state Sen. Michael Gianaris told CNBC on Wednesday. Gianaris, a Democrat whose district includes Long Island City, where...
Nearly half of corporate CFOs are expecting a US recession by the end of 2019
Chief financial officers at companies are pessimistic heading into 2019, with nearly half expecting a recession by the end of that year, according to a survey released Wednesday. Duke University’s look at where 212 CFOs stand showed that 48.6 percent...
Economic growth will top 3% again next year, Trump advisor Hassett says
U.S. economic growth will defy expectations again in 2019 thanks to a business investment boom and President Donald Trump’s trade strategy, White House economic advisor Kevin Hassett said Wednesday. The chairman of the Council of Economic Advisers expressed optimism that...
That was the year that was
“ Well, that was great, wasn’t it? Yes, there was the geopolitics – trade and protectionism, Brexit, Italy, Russia, China, France (a late addition that one and somewhat surprisingly, perhaps, as it turned out that an investment banker would not...
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