BTCUSD $10,000 Possible
Bitcoin remains well-bid onto the new trading week as traders continue to turn bulls towards the number one cryptocurrency into the upcoming halving event. A breakout above the $9,500 resistance level could see the BTCUSD pair testing the psychological $10,000...
RBA to Stay on Hold in May. Economic Forecasts to be Downgraded
RBA is widely expected to leave the cash rate unchanged at 0.25% on the May 5 meeting. It will also keep other stimulus measures, including targeting 3-year bond yield, term funding facility operation and QE, announced in March the same....
Asia Morning: US Indexes Dragged By Tech Giants
On Friday major U.S. stock indexes slid for a second session, pressured by lower share prices of technology giants. The Dow Jones Industrial Average fell 622 points (-2.6%) to 24,723, the S&P 500 dropped 81 points (-2.8%) to 2,830, and...
Putting the economy back together again: What the future holds for Americans
A stylist wearing a protective mask cuts a customer’s hair at a barbershop in Atlanta, Georgia, on Monday, April 27, 2020. Dustin Chambers | Bloomberg via Getty Images When the coronavirus crisis, or at least the worst of it, passes,...
Mexico resists triple whammy of risks
President Andrés Manuel López Obrador (Amlo), the leftist who took over at the end of 2018 and whose first year was marked with an economy declining for the first time since 2009, continues to face formidable problems. Latest figures show...
Warren Buffett says the economy will overcome coronavirus: ‘Nothing can basically stop America’
Warren Buffett Gerry Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic. “Nothing can...
Buffett on why he hasn’t made any big investments: ‘We don’t see anything that attractive’
Warren Buffett Gerard Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an...
From Coronavirus Lockdown Exit to New US-China Tariff war
Economic data releases have probably never been that meaningless in history. Traders were not too concerned that the Q1, March or even April data were worse than terrible. Instead, hope of lockdown exit, at least partially, have lifted risk markets...
Responsible finance: All banks dictate outcomes – and other Davos news
My favourite announcement at January’s Davos World Economic Forum 2020 was the launch of the Future of Sustainability Data Alliance with the likes of Refinitiv, the Climate Bonds Initiative, the Global Financial Markets Association and many others spanning academia, policy-setting,...
Weekly Economic and Financial Commentary: A Tough Week for the U.S. Economy
U.S. Review A Tough Week for the U.S. Economy U.S. GDP declined at an annualized rate of 4.8% in the first quarter, only a hint of what is to come in the second quarter. Consumer spending has dried up as...
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