ECB Set to Expand Pandemic Stimulus But Size and Split Views May Hurt Euro
The European Central Bank is widely expected to announce a ramping up of its pandemic emergency purchase program (PEPP) on Thursday at 11:45 GMT as the Eurozone economy slowly emerges from weeks of lockdown. But as the euro rallies on...
USDCAD Declines to 2-Month Low but Indicators Signal a Pullback
USDCAD extended Monday’s losses and is currently trading not far above a two-month low of 1.3491 hit earlier today. The strong bearish rally started has been evolving since April 21. However, the momentum indicators are suggesting a possible pullback in...
Stocks Focus on China Purchases and Not Protests
Stocks focus on China purchases and not protests, Oil rises as Russia open to 1-month cut extension, Gold steady, Bitcoin pops past $10K US equities advanced higher after Chinese firms continued to purchase US soybeans, alleviating concerns that China was...
In the Middle East, fertility is the next big investment trend
Babies are set to become big business in the UAE as the government looks at ways to tackle the low birth rate among Emiratis. This presents new investment opportunities in long-term demographic changes, which should not be ignored by investors. ...
Focus Turns to Yen and Franc Selling as Risk Rally Continues
Global stock markets continue with impressive rally today, with focuses on back-to-normal optimism. Germany’s DAX is even more impressive, with more than 3.7% against at the time of writing, after a three-day break. It’s supported by news that Chancellor Angela...
Repayment difficulties put Lebanese investors in a risk frenzy
Red light: Investors – you have been warned Lebanon stood out with one of the biggest falls of all among the countries downgraded by risk analysts in Euromoney’s global risk survey last year. The political and economic crisis saw it...
Visa sees a pickup in consumer spending in May
Chase Visa Tap to Pay Source: JP Morgan Chase Visa’s total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer spending was picking up as the government starts to ease coronavirus-induced...
Aussie Firm as RBA Stands Pat, Risk Appetite Continues
Risk appetite continues today with mild strength in Asian markets, following the slightly higher close in US overnight. It seems that investors completing ignoring the unrest in the US, as well as its tension with China. In the currency markets,...
Investors should brace for a 15%-20% downdraft due to escalating risks, BTIG’s Julian Emanuel warns
BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback. Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out of alignment with the economy as risks rise. “It’s...
US stabs itself in back; China complains
A bill passed by the United States Senate that aims to force all foreign firms to comply with US audit standards has received short shrift in Beijing. China’s securities regulator – the CSRC – hit back, saying the proposal will “weaken confidence”...
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