Flattish tones observed in early trades German DAX futures +0.1% French CAC 40 futures 0.1% UK FTSE futures -0.1% ForexLive Equities sentiment isn’t really signalling solid risk-on tones for the time being but with the S&P 500 close to record high and US futures also up, it could buoy sentiment later on in the trading
Risk sentiment in the market was somewhat quiet amid a lack of data. Minor reports on the US-China trade deal did not bring much cheer. Equities were up only slightly, while safe-haven assets were on the back foot. The Brexit saga continues after the UK parliament rejected the Brexit deal over the weekend. However, the
Statistics Canada will be releasing the monthly retail sales report. This will be one of the last few economic reports that will feed into the Q3 GDP. Canada will be officially releasing the final third-quarter GDP estimate in a week’s time. Currently, Q3 GDP estimates are around 1.8%. A slightly higher retail sales report could
Brendan McDermid | Reuters The Dow Jones Industrial Average is only about 2% from a record high, but confidence is hard to come by when wealthy investors are asked about the future direction for the market. The percentage of the affluent investors who expect a stock market decline to be booked in the fourth quarter
Chinese Vice Foreign Minister Le Yucheng told the media on Tuesday that he remains optimistic about a trade deal being reached between the United States and China, saying that “as long as we respect each other and seek equal cooperation, there are no disagreements that cannot be resolved…”The comments came shortly after China sought $2.4
Sumitomo Mitsui Banking Corporation (SMBC), the third largest bank by assets in Japan, is set to begin utilizing R3’s Marco Polo trade finance blockchain on a commercial basis by the end of the year. The bank said on Friday last week that a cross-border proof-of-concept test was successfully completed involving Mitsui & Co, a Japanese
The so-called “Phase One” of the US-China trade deal appears to be progressing, with China boosting purchases of US agricultural products. The better outlook is keeping a lid on gold while boosting industrial metals, though oil is struggling to benefit. Precious metals GOLD has started the week negatively as an improvement in the trade outlook
Trade positive headlines keep Antipodeans firm. GBP/USD stays firm ahead of another key day for Brexit. Early polls indicate Canadian PM Trudeau to form a minority government. Forex today carries the previous risk-on forward, mainly backed by trade-positive comments from the US and China while Brexit headlines, being fewer, failed to disappoint the British Pound
EUR/USD TECHNICAL ANALYSIS: BEARISH Euro on the upswing vs US Dollar, eyeing resistance above 1.12 Overall trend still bearish but prices threatening 17-month hurdle Confirmation, improved risk/reward needed for actionable setup Get help building confidence in your EUR/USD strategy with our free trading guide! The Euro extended higher after clearing resistance guiding it lower against
A snippet via BNZ on the Australian and New Zealand dollars overnight: there has been some small outperformance of commodity currencies The NZD … A key line of resistance is at 0.6450, which was the mid-September peak. AUD found some resistance at 0.6880 Also this on the central banks: Reduced global risks are seeing pricing
Share to facebook Share to twitter Share to linkedin The WeWork saga could finally be over. Getty Images Topline: After months of uncertainty surrounding WeWork’s meteoric rise and fall, the company will now fall to an $8 billion valuation after it accepted a bailout offer from its largest shareholder, Japanese investing conglomerate SoftBank, CNBC first
US Dollar Chart Analysis, USD/KRW, South Korean Won –TALKING POINTS USD/KRW has broken 8-month rising support; what next? Weekly chart shows pair is challenging critical 2018 floor Longer-term outlook suggests bearish reversal is evolving Learn how to use political-risk analysis in your trading strategy! Last week, USD/KRW broke through eight-month rising support and is now
Trading elections is often fraught, so if you are doing so please take care. Results from Canada should trickle in from pretty soon. Polls do not close until a few hours time on Canada’s west coast though. I’ve heard a few views on the CAD. One is the expectation than Trudeau is expected to win
AUD/USD pulls back from five-week high despite upbeat ANZ-Roy Morgan Consumer Confidence. Traders await fresh clues to extend the previous risk-on amid an absence of major data/events on the economic calendar. News will keep the bright spot amid a light economic calendar through the US session. Although weekly consumer confidence data flashed positive signs for
Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders,
Dow Jones, S&P 500, DAX 30 Forecasts: The Dow Jones is less than 600 points beneath all-time highs and enjoys nearby technical support The S&P 500 also finds itself in a position of strength, trading 25 points from record levels Similarly, the DAX 30 has continued higher after its September rally, targeting horizontal support from
Today is election day in Canada and Loonie is firm ahead of the results. USD/CAD last traded this low in summer of 2019, (July). USD/CAD has been on the backfoot, travelling from a high of 1.3138 to a low of 1.3085 at the start of the week so far. The slide leaves the downside exposed
FILE PHOTO: Kenneth Fisher, the founder, chairman, and Chief Executive Officer of Fisher Investments, speaks at the Reuters Investment Outlook Summit in New York, December 5, 2011. REUTERS/Brendan McDermid BOSTON (Reuters) – Fidelity Investments has dropped Fisher Investments as a money manager, a Fidelity spokesman said on Monday, the latest in an accelerating series of