U.S. retail sales pop more-than-expected in June
U.S. retail sales increased more than expected in June, but the budding economic recovery is being threatened by a resurgence in new Covid-19 infections and high unemployment. The Commerce Department said on Thursday retail sales rose 7.5% last month. That...
EUR/USD Analysis: Reversed South
On Wednesday, the EUR/USD currency pair tested the Fibo 50.00% at 1.1454. During today’s morning, the pair resumed to trade within the short-term ascending channel. From a theoretical point of view, it is likely that some downside potential could prevail...
Markets Down On Chinese Data, Double Top For SP500
Hang Seng lost 2.2% this morning, while the FTSE China A50 sank 3.3%. China’s economy showed higher growth than expected in the second quarter, but it failed to bring optimism to the markets. Pessimism around China is pushing down the...
Dollar Trying to Recovery as Asia Turned Risk-Off, ECB Awaited
Dollar is trying to recover today as Asian markets turned into risk-off. Better than expected Q2 GDP data from China is largely ignored. Instead, Chinese stock lead Asia lower on concern of escalating geopolitical tension in South China Sea. Sterling...
BOC Pledges to Continue with Easing Until Inflation Returned to +2% Sustainably.
As widely anticipated, BOC maintained both the policy rate and all the asset purchases programs unchanged at the July meeting. While acknowledged positive economic developments since the last meeting, policymakers cautioned that the economy’s recuperation will be slow and pledged...
UK digital bank Monzo relaunches premium accounts after original service flopped
Users of Monzo’s premium account, Monzo Plus, will get sent blue cards with holographic foil to make Monzo British financial technology start-up Monzo is giving paid-for checking accounts another go, with a revamped premium service it hopes will help generate...
June retail sales should be strong from a pickup in spending before new virus outbreak slowed activity
A shopper walks with bags of purchases in New York. John Lamparski | SOPA Images | Getty Images Retail sales in June are expected to have gained 5.2% as the economy reopened, but sales could have trailed off towards the...
Dimon calls time on trading – and higher loan provisions
JPMorgan and Citigroup are the two biggest fixed income dealers and their second-quarter results on Tuesday confirmed another surge in debt trading revenues. JPMorgan generated $7.3 billion of fixed income trading revenue for a 99% increase over the same quarter...
Stocks making the biggest moves midday: Moderna, Royal Caribbean Cruises, Gap, PVH & more
A view of Moderna headquarters on May 08, 2020 in Cambridge, Massachusetts. Moderna was given FDA approval to continue to phase 2 of Coronavirus (COVID-19) vaccine trials with 600 participants. Maddie Meyer | Getty Images Check out the companies making...
China Could Return to Growth in Q2 amid Geopolitical Bullying Woes
China releases GDP readings for the second quarter on Thursday at 02:00 GMT along with industrial production for June, retail sales and fixed investment data. All figures are forecast to strengthen, indicating that the world’s second largest economy is recovering...
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