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The US dollar is little changed against most of the major currencies. Sterling is the notable exception, losing about 0.75% to trade at three-day lows. It was on the defensive in early European...
Forex News and EventsSwiss FX reserves hit record level The foreign exchange reserves of the Swiss national Bank rose by CHF 17.6 billion in November to CHF 648 billion, setting a new record. During...
US futures are pointing to another higher open on Wall Street on Wednesday, with traders eyeing upcoming central bank meetings on what is otherwise likely to be a relatively quiet...
An op-ed in The New York Times today lays out the case for imposing new restrictions on how index funds operate. The rationale, according to the authors, is to prevent the reduction in competition in...
DOW + 35 = 19,251SPX + 7 = 2212NAS + 24 = 5333RUT + 14 = 135210 Y + .01 = 2.40%OIL – .95 = 51.88GOLD – .80 = 1170.20Another record high for the Dow industrial average. This is starting to...
Britain is facing one of the most transformative constitutional amendments in recent history. The United Kingdom’s Supreme Court commenced its second day of hearings yesterday. The court case...
For the past seven years Rohit Bhargava has been making annual predictions about business and marketing trends in his non-obvious trend series. I missed the 2011-2016 editions but am now on board with...
In the euro area, corporate financing mainly relies on bank lending. Shortly after the crisis, it therefore seemed appropriate for the ECB to act directly on credit supply conditions by reducing...
GBP/CADToday’s support: - 1.6782 (main), where correction is possible. Break would give 1.6740, where correction also may be. Then follows 1.6706. Break of the latter would result 1.6678. If a...
Australian economy contracts for first time since the global financial crisisThe Aussie dollar was one of the largest losers overnight as the Reserve Bank of Australia’s predictions of a slowing...
by Eli WrightUS as well as global equity markets had no problem shrugging off the result of Sunday's Italian referendum vote, as equity markets, banks, as well as the euro, rose broadly through the...
Australia Dollar weakens in Asian session after release of GDP data showed -0.5% qoq contraction in the September quarter. That's much worse than expectation of 0.2% qoq growth and even worse that the...
US factory orders rose 2.7% exactly matching the Econoday Consensus.As with the trade deficit, economists got this number correct because of the advance report. Thus, this rise will not impact GDP...
December marks the one-year anniversary of Chipotle Mexican Grill Inc (NYSE:CMG) founder Steve Ells’ highly publicized apology...As you probably remember, an estimated 491 people became...
Key Points: Australia posts negative GDP result of -0.5% q/q. Interest Rates likely to decline 50bps to 1.00% in 2017. Watch for AUDUSD depreciation below the 70 cent handle in the medium-long...