Coronavirus: Urgent need to adapt will push tech solutions in transaction banking
Lisa Robins, global head of transaction banking at Standard Chartered, vividly remembers the September 11 terror attacks on New York’s twin towers and what followed. At the time, Robins lived in New York and was working for JPMorgan. Thousands of...
Payrolls increase by nearly 1.4 million as the unemployment rate tumbles
Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn. The unemployment rate was by far the lowest since the coronavirus...
Covid-19 shows the value to investors of alternative data
At the start of April, Exabel, an artificial intelligence (AI) and machine learning platform for active asset managers, partnered with 1010data, an alternative data provider to the retail, consumer packaged goods and financial services industries, to develop their Covid-19 Impact...
Dollar Rises after NFP, Gold Breaks Trend Line Support
Dollar rises against European majors an Yen as headline non-farm payrolls number came in not far from expectation. Encouragingly, unemployment rate dropped notably while participation rate also rose. Wage growth also some what picked up. DOW future also point to...
Coronavirus: Dubai issues rare Dh1 billion sukuk
The government of Dubai has issued a sukuk for the first time in four years, proving that even amid historically low oil prices and a global pandemic, funding options remain for the Gulf’s sovereigns. Gulf countries are facing the perfect...
NZDUSD’s Foothold Near 50-MA Rescues Positive Bias
NZDUSD’s draw back from the 13½-month high of 0.6789 appears to be restoring positive sentiment, after finding some traction around the 50-period period simple moving average (SMA) at 0.6687. The advancing SMAs and the approaching bullish crossover of the 200-period...
Gold Triangle Pattern Completing Final Wave E Pattern
Gold (XAU/USD) is confirming a contracting triangle chart pattern. This price pattern was expected in our analysis after price action strongly dropped within a large and established uptrend. Is the triangle now close to being completed? Price Charts and Technical...
USD/TRY Outlook: Turkish Lira Falls To New Record Low
Bulls are consolidating under new marginally higher new record high (7.4542), following Thursday’s nearly 0.8% advance after data showed that inflation remains high (m/m 0.86% from 0.58% prior, y/y 11.77% from 11.76 prior). Stubbornly high inflation, without any signs of...
WTI Oil Futures Heal After Slump, Trend Signals Turn Reddish
WTI oil futures for October delivery are healing after crashing below the 200-period simple moving average (SMA) on the four-hour chart and to a one-month low of 40.21 on Thursday. While the fast Stochastics have yet to enter the overbought...
XAU/USD Pressured By Moving
Yesterday, the XAU/USD exchange rate traded sideways in the 1,935.00 area. During Friday morning, the rate maintained its consolidation. Given that yellow metal is pressured by the 55– and 200-hour moving averages near 1,945.00, it is likely that some downside...
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