GBP/USD Outlook: Directionless Mode After Brexit/Fed Eyes G20 Meeting For Fresh Signals
Cable trades in narrow-range directionless mode on Friday and holding within larger range which extends into third straight week and on track to end the third week in Doji candle. Quiet mode comes after bumpy ride in past three days,...
Bank stability risk is higher than EBA’s stress tests suggest
The EBA’s stress tests don’t stack up – allow ECR to enlighten you The EU-wide stress tests for 2018, published by the European Banking Authority (EBA) early in November, are an attempt to assess the resilience of banks to a...
Market Focus On G20 Summit
The G20 Summit is about to kick start in Buenos Aires, Argentina, today and world leaders have started to arrive. In the summit a number of issues are to be discussed, including the future of work, economic sustainability, climate change...
Fed Opens Doors For Slow Down Or Even Pause On Further Rate Hikes Next Year
With the Federal Reserve expected next month to raise rates to what some U.S. central bankers believe is at or near a neutral level, Chairman Jerome Powell is retuning his message to signal a more cautious approach on further rate...
Dollar Recovers after FOMC Minutes, But Overall Markets in Consolidative Mode
Dollar is trying to recover again today, with rather weak momentum so far. FOMC minutes released overnight didn’t prompt renewed selling in the greenback. Instead, traders are turning cautious ahead of the highly anticipated meeting between Trump and China Xi...
FOMC Minutes Signals Rate Hike “Fairly Soon”, Policy Outlook Masked by Tariff and Debts
The FOMC minutes for the November revealed that the members still considered a rate hike in December is appropriate. Yet, they debated on the change in forward guidance regarding the pledge on “further gradual increases” in the policy rate. Some...
Cramer Remix: What needs to happen to avert a slowdown in 2019
Now that the Federal Reserve has become slightly less hawkish on its interest rate plans, there’s one final issue that could hinder U.S. economic growth in 2019, CNBC’s Jim Cramer said: China. “Remember, if we’re going to avert a slowdown...
SoFi CEO Anthony Noto: Our loans ‘have really strong risk controls’
Privately-held financial company SoFi isn’t one of the non-bank lenders Federal Reserve Chairman Jerome Powell called out as potential risks to the U.S. economy in his Wednesday speech, SoFi chief Anthony Noto told CNBC on Thursday. “We have really strong...
The Fed is still tweaking its balance sheet unwind
The Federal Reserve is continuing to examine its program to reduce its balance sheet and likely will have to make another tweak at the December meeting to keep it running smoothly. In a process begun in October 2017, the bank...
Fed points to December rate hike but is worried about tariffs and debt
Federal Reserve officials teed up a December rate hike at their most recent meeting, but not without misgivings about how trade tensions and corporate debt could impact growth. Minutes released Thursday from the Nov. 7-8 meeting of the Federal Open...
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