Sometimes, no movement is good movement. In the case of the government shutdown, money manager Larry Glazer believes it’s favorable for Wall Street — at least in the short term. His reasoning: It prevents lawmakers from passing policies that could be detrimental to corporate America. “Investors like less Washington, and they realize Washington isn’t always
This data point, the BNZ – BusinessNZ Performance of Services Index (PSI), tends not to have too much impact upon release. Comes in at 53.0 for December from 53.4 (revised from 53.5) in November. December was the lowest level of expansion since June 2018 overall average rate for 2018 was 54.9, lower than 2016/2017, but still
FX – Dollar not slowing down despite holiday and ongoing partial shutdown OIL – Energy Hit by China Slowdown But Trade Optimism Boosts Prices GOLD – Yellow metal falls on thin North American volumes FX – Dollar not slowing down despite holiday and ongoing partial shutdown The US dollar is mixed against major pairs on
NEWS | 7 minutes ago By FXStreet Team Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own
Above 100 and 200 hour MAs The USDCAD moved higher today but once the highs from Jan 8 and Jan 17 were approached, the buyers dried up. Risk could be defined and limited against the levels and sellers leaned. The price moved up to 1.33178 before stalling. The ceiling is now more solid at the
Talking Points: PM Theresa May lists Parliament’s three key issues over Brexit that need to change Critics of the Prime Minister argue that nothing is different from the deal that faced a historic defeat last week Pound gains as PM May remains adamantly against second referendum and hard Brexit British Prime Minister Theresa May just
Pub operator Marston’s will update the market momentarily.Getty Today I am looking at three dividend stocks that could detonate in the coming days. WH Smith I believe that ambitious dividend grower WH Smith’s Christmas trading statement on Wednesday, January 23rd could help its share price to add to its post-Christmas strength. The newsagent’s exceptional revenues
Not much to go on today with MLK holiday Not a lot of activity in markets on MLK Day Monday. Currencies stayed close to weekly opening levels as a consequence. On the risk sentiment side, it seems the market was comfortable taking a little break to consider last week’s jump in US equities, and we
Global growth for 2019 trimmed by 0.2% to 3.5% from October’s projections. China’s growth slowdown could be ‘faster than expected if trade tensions continue’. See all the DailyFX Q1 2019 Forecasts including the Euro, US dollar, Sterling and Oil. Euro, US Dollar and IMF Growth Forecasts The Euro took a small leg lower after the
The move up in the cross met resistance near 141.30. All eyes remain on the Sterling and PM Theresa May. BoJ meeting expected later in the week. The daily upside in GBP/JPY appears to have found some important resistance in the 141.30 region, where sits the key 55-hour SMA. GBP/JPY focused on May’s ‘Plan B’
LONDON/NEW YORK (Reuters) – Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry. FILE PHOTO: People walk through the financial district during rainy weather in London, Britain, September 23, 2018. REUTERS/Henry Nicholls/File Photo BlackRock (BLK.N), the world’s largest money manager, and industry No. 3 State Street (STT.N)
GBP/USD has ticked lower in the Monday session. In North American trade, the pair is trading at 1.2869, down 0.03% on the day. On the release front, U.S. banks are closed for a holiday, and there are no U.S. or British indicators. British Prime Minister May is expected to speak as she tables a new
It’s been two years since Donald Trump was inaugurated as president of the United States. In that time, defense and tech stocks, have blown everybody out of the water. The iShares U.S. Aerospace & Defense (ITA) exchange-traded fund has surged more than 30 percent since Jan. 19, 2017. The S&P 500 tech, meanwhile, has spiked
USD/JPY is quiet at the start of the week. In Monday’s North American session, the pair is trading at 109.67, down 0.09% on the day. In economic news, U.S banks are closed for a holiday. With no U.S or Japanese events on the schedule, traders can expect limited movement from the pair on Monday. On
IMF cuts global growth forecast to 3.5%. Slowest in 3 years. Coming Up! Title text for next article Sees US at 2.5% (unchanged). China 6.2% (Unchanged) IMF cuts global growth forecast to 3.5% in 2019. Sees 2020 at 3.6% Euro growth forecast cut to 1.6% from 1.9% projected on October maintains US growth forecast at
According to the economic schedule, we are supposed to get the release of key housing data tomorrow, including housing starts, building permits and existing home sales. However, we will only be getting the last of those, because of the government shutdown. The closure of some US government departments due to running out of money from
Sterling and Brexit: Brexit is only 67 days away and, yet, the UK and EU are still at loggerheads. UK wage data may show the UK consumer better off than last month. See how our Q 2019 Trading Forecast for GBP can help you when trading. Sterling – Off its Best Levels but Still Retains
UK Prime Minister Theresa May is preparing to present an alternative Brexit plan to parliament this afternoon. After her original plan was voted down last week in a historic 230 vote defeat for the government, the pressure on the beleaguered PM could not be any higher. Over the weekend, May was involved in cross-party talks
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