Risk Aversion Comes Back on Tech Rout, No-Deal Brexit
Risk aversion is back in the markets today. On the one hand, US stocks are set to open sharply lower as they return from holiday. Tech rout is continuing with NASAQ futures down more than -3% at the time of...
Asia Trades Mixed, Hang Seng Tech Index Drops
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Elliott Wave View: GBPJPY Zigzag Correction In Progress
Elliott Wave View of GBPJPY shows that pair has ended the cycle from June 21 in wave A at 142.70 high. Pair is currently doing a pullback in wave B, which is unfolding as a zigzag correction. Down from wave...
Dollar Firm But No Breakthrough Yet, Except Versus Swiss Franc
Sterling remains generally weaker today, on Brexit concerns. But Swiss Franc is apparently worse for now, dropping through a near term support level against the greenback. On the other hand, Yen and Dollar stay firm in mixed Asian markets. Yen...
There’s a ‘huge amount of money’ returning to China in the IPO space, investor says
SINGAPORE — As tensions mount between Washington and Beijing ahead of the U.S. presidential elections in November, Stonehorn Global Partners’ Sam Le Cornu sees more Chinese firms returning home. “There’s a huge amount of money coming back home in terms...
Pound Decline Accelerates on Brexit Risks, Yen and Dollar Firmer
Sterling’s decline gathers some momentum on resurfacing no-deal Brexit risk. The Pound is currently followed by New Zealand Dollar as the second weakest. Canadian Dollar is the third worst performing so far, follow oil price lower. On the other hand,...
Wirecard: Philippines’ anti-money laundering chief explains the investigation
Can you bring me up to date with what you’ve established so far about how the Wirecard situation links to the Philippines? First, the statement from the governor [Bangko Sentral ng Pilipinas governor Benjamin Diokno, also the AMLC chairman] that...
Pound Drops On Renewed Brexit Pessimism
Brexit developments over the weekend added to the pessimism that an agreement will be reached with the EU ahead of the October deadline. Boris Johnson was expected to announce that if no deal is reached by October 15th, then both...
WTI Oil Outlook: Oil Extends Steep Fall Into Fourth Straight Day And Hits Two-Month Low
WTI oil holds firmly in red for the fourth straight day and fell to new two-month low $38.52) on Monday, following massive fall (4.36% on Friday). Oil price fell over 8% in three days (Wed/Thu/Fri) with today’s extension lower marking...
USD/CAD Analysis: Decline Could Continue
The US Dollar declined by 91 points or 0.69% against the Canadian Dollar on Friday. The currency pair failed to surpass the upper boundary of a descending channel pattern during Friday’s trading session. Technical indicators flash selling signals on the...
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