EURCHF Retracts as Negative Sentiment Sustains Sideways Pattern
EURCHF has recently receded below the 50-day simple moving average (SMA), determined to test the base of a near two-month persisting range. Negative sentiment appears to be prevailing in the short-term oscillators as well, despite the bullish bearing of the...
Activist ValueAct played a key role in speeding up Citigroup CEO’s retirement, sources say
CEO Michael Corbat answers questions at Citi’s 2017 Investor Day. Source: Citigroup.com Three years ago, Michael Corbat strode onto the stage of a ballroom in midtown Manhattan and proclaimed that a new day had arrived at Citigroup. The bank had...
BoE Preview: Rising Risks More, Easing In November
When Thursday 17th September Growing risks – advertisement – The Bank of England are not expected to adjust monetary policy this month. With interest rates at historically low levels of 0.1% and £100,00 additional monetary stimulus added in June, this...
Yen Surges as Traders Look Forward to FOMC Projections
Yen rises broadly today as markets are awaiting Fed policy decision. The strength in Yen since last week seems to be related to inflation expectations. It first followed comments from an ECB official that the pandemic impact impact would eventually...
U.S. consumer spending appears to slow in August
U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the Covid-19 recession was faltering. Core retail sales, which correspond most closely with the...
U.S Futures In The Green Ahead Of FOMC – Watch ADBE, FDX
The S&P 500 Futures remain on the upside after they ended higher yesterday, though pared gains throughout the session. Later today, the Federal Reserve’s interest rate decision will be due. It is widely expected that the central bank would stick...
USDCAD Hits A Ceiling Around 1.3260
USDCAD has been trending upwards over the last two weeks following the bounce off a fresh eight-month low of 1.2993. However, a strong resistance around the 1.3207 barrier has been a barrier to additional gains over the past week, shifting...
Mortgage demand fell last week as interest rates stalled
With no major move in mortgage rates, there was no sudden incentive to refinance a home loan last week, so fewer people did. That drove overall mortgage application volume down 2.5% from the previous week, according to the Mortgage Bankers...
In last meeting before election, the Fed could placate markets with promise of low rates for years
Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on...
OECD projects global GDP will collapse by 4.5% this year
Posters in the window a a closing-down shop advertise a “Stock Liquidation” in Manchester, northern England on August 12, 2020. Paul Ellis | AFP | Getty Images LONDON — The global economy has performed better-than-expected but it is still on...
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