Wirecard shares crash again after payments firm says missing $2 billion likely doesn’t exist
The lettering of the payment service provider Wirecard can be seen on a laptop screen Silas Stein | picture alliance | Getty Images Wirecard shares are once again in free fall on Monday after the German payments firm said it...
USD/CAD: Turning Down
Pivot (invalidation): 1.3625 Our preference Short positions below 1.3625 with targets at 1.3575 & 1.3540 in extension. Alternative scenario Above 1.3625 look for further upside with 1.3655 & 1.3680 as targets. – advertisement – Comment The RSI is bearish and...
Dollar Softer in Quiet Trading as Traders Await Global PMIs
The forex markets open the week in quiet mode, which Asian stocks are mixed. Australian and New Zealand Dollars are mildly higher. Dollar, Yen and Canadian are softer. But major pairs and crosses are generally stuck inside Friday’s range. The...
RBNZ Preview: Cautiously Optimistic about Recovery while Pledges to Do More if Needed
RBNZ is likely to leave the OCR unchanged record low of 0.25% in June. Meanwhile, the size of the LSAP program (QE) will also stay at NZD 60B. Control of the coronavirus pandemic in the country has been more effective...
U.S. banks are ‘swimming in money’ as deposits increase by $2 trillion amid the coronavirus
A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020. Jeenah Moon | Bloomberg | Getty Images It’s the banking world’s version of the rich getting richer....
Retail investors: the new lords of misrule
Retail investors have played a big role in a rebound in global equity markets that seems bizarre in the context of Covid-related economic challenges, but makes more sense given the determination of central banks to support asset values. Analysts from...
Coronavirus Cases Skyrocketed Again, But Risk Seekers Not Giving Up Yet
Just like many governments and central bankers, the markets were torn between the optimism over re-opening of the economic, and the imminent risk of coronavirus second wave. This is reflected in the general strength in Yen, Dollar and Swiss Franc...
The stock market may be pricey, but it’s nothing like the genuine market bubbles of the past
Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26,...
The Weekly Bottom Line: Positive Signs of a Rebound as Infections Rise
U.S. Highlights Equity markets were up on the week on expectations for further monetary stimulus and signs of positive momentum in the United States. Retail sales rose more than expected in May, and manufacturing sentiment rebounded sharply in June. Indicators...
Lack of licensing clarity tempers Ethiopian mobile money optimism
Ethiopia is one of the three sleeping giants of the mobile money industry, according to the GSMA’s State of the Industry Report on Mobile Money from 2018, which points to the country’s enormous potential for uptake if it has the...
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