EUR/USD Outlook: Bears Risk Fresh Acceleration On Break Of 1.1612 Pivot
The Euro remains in red for the sixth straight day and extends steep fall to the lowest in over one month in early Monday’s trading. The pair fell near 1.8% last week, driven by strong risk aversion and registered the...
BOE Preview – Expanding QE Size while Keeping Rate Unchanged at Record Low
At the meeting this week, we expect BOE to increase the size of asset purchases (QE), by 100B pound, to 845B pound. The Bank rate will stay unchanged at 0.1%. Economic data released since the last meeting suggest that the...
Dollar Firm into a Week of Election, Fed and NFP
Dollar and Yen strengthen in general in Asian session today even though risk sentiments are not bad, as seen in rally in major indices. Solid data from China was enough to offset the pessimism over lockdowns in Europe, and the...
RBA Preview – Expecting New Easing Package of Rate Cuts and QE Expansion
It is widely anticipated that RBA will announce more easing measures at this week’s meeting. The package of measures will likely include a rate cut to 0.1% and expansion of the yield curve control program with the focus on 5-10...
Stock futures up slightly amid England stay-at-home order, U.S. election uncertainty
Stock futures were flat in overnight trading on Sunday amid rising concerns that coronavirus cases could slow the global economy. The move came as England adopted a stay-at-home order and as traders braced for Tuesday’s U.S. presidential election, where a...
Asia Morning: Tech Stocks Lead U.S. Market Lower Again
On Friday, U.S. stocks ended in the red again. The Dow Jones Industrial Average fell 157 points (-0.59%) to 26501, the S&P 500 dropped 40 points (-1.21%) to 3270, and the Nasdaq 100 slumped 297 points (-2.62%) to 11052. S&P 500 Index (Daily Chart) : Downside...
Leaving New York: High earners in finance and tech explain why they left the ‘world’s greatest city’
Brenan Hefner, co-founder and chief operating officer of Analyst Hub, and his family outside of their former home in Pelham, NY. Source: Brian Hefner Like many before him, Brenan Hefner arrived in New York 20 years ago in search of...
Here’s how a Biden or Trump presidency would affect your personal finances
Joe Biden, 2020 Democratic presidential nominee, right, and President Donald Trump during the presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22, 2020. Kevin Dietsch/UPI/Bloomberg via Getty Images President Donald Trump and Joe Biden, his Democratic opponent in...
Key Levels to Watch as US Presidential Election Looms
Global equities tumbled notably last week, partly as coronavirus spread was hitting new record highs. Also of the same importance, US investor had lightened up their positions in preparation for the Presidential elections. Yen and Dollar surged broadly to end...
Weekly Economic and Financial Commentary: Renewed Questions Surrounding Global Recovery
U.S. Review GDP Bounces Partway Back in Q3 Real GDP jumped a record 33.1% during Q3, beating expectations. A 40.7% surge in consumer spending drove the gain. However, real GDP is still 3.5% below pre-pandemic levels. Initial jobless claims dropped...
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