Canadian Housing Starts Still Resilient in May
Housing starts bounced back to normal-looking 193K in May Quebec starts rebounded after April construction shutdown Go-forward risks remain, but recent economic data has been less discouraging than expected Canadian housing starts bounced back to 193.5K in May after falling...
Yen Recovers While Yields Retreat, Dollar Softens
The forex markets are rather consolidative today as traders are waiting for the next direction. European and Asian stock display some mild strength but that is far from being impressive. US futures are also mixed as NASDAQ might has a...
Reality bites for Singapore banks but diversification dims the pain
DBS CEO Piyush Gupta says: ‘If people feel they can’t travel, they don’t spend’ The headline numbers were ugly in Singapore this morning. At 8.30am, UOB chief executive Wee Ee Cheong explained why his bank’s first-half profit was down 30% year-on-year....
Country risk: Ghana remains a safe bet ahead of its elections
Ghanaian fishermen: Riding the waves, much like their country As in other countries, Ghana is having to cope with the Covid-19 shock weighing on its macroeconomic indicators, softening GDP growth and widening the fiscal deficit. In April, the IMF predicted...
USD/TRY: Caution
Pivot (invalidation): 6.7430 Our preference Long positions above 6.7430 with targets at 6.7840 & 6.8000 in extension. Alternative scenario Below 6.7430 look for further downside with 6.7170 & 6.6930 as targets. – advertisement – Comment Intraday technical indicators are mixed...
Euro Trading A Tad Higher In The Morning Session
For the 24 hours to 23:00 GMT, the EUR declined 0.44% against the USD and closed at 1.1289 on Friday. On the data front, Germany seasonally adjusted factory orders dropped 25.8% on a monthly basis in April, due to the...
Risk Rally Pauses in Asia, Forex Markets Await Next Move
Asian markets are relatively quiet as another week starts. There is no follow through from Friday’s strong rally in the US. Trade data from China released over the weekend also provide little inspirations. There is also practically no reaction to...
China’s online grocery platform Dada debuts on the Nasdaq, calls for greater scrutiny on markets
Dada Founder and CEO, Philip Kuai, at the company’s Nasdaq IPO celebration held in Shanghai on June 5, 2020. Courtesy of Dada SHANGHAI – Chinese grocery delivery company Dada is confident it can stand up to U.S. scrutiny as a...
Sustainable investing is set to surge in the wake of the coronavirus pandemic
The coronavirus pandemic has altered society in immeasurable ways, including, of course, investing. Stocks that benefited from people staying home, such as Netflix and Zoom Video, outperformed expectations in the past few months, while retailers and airline companies, among others,...
Commerzbank: How Zielke and Schmittmann’s positions became untenable
Commerzbank’s chairman Stefan Schmittmann and chief executive Martin Zielke The joint resignations of Commerzbank’s chief executive Martin Zielke and chairman Stefan Schmittmann may have come as a shock for many investors. However, the news will probably be well-received, as it...
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