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Overview: As the quarter ends, the capital markets are mixed. Equities in Asia Pacific were heavier, except in Hong Kong and Australia, while shares were mixed, leaving the Dow Jones Stoxx 600 little changed through the European morning. US shares are trading firmer. Benchmark 10-year bond y...
The chart below shows EUR/GBP since about 2006, with each candlestick representing a full trading month. Shaded areas indicate monthly support and resistance areas, while the red line has been added to the midpoint of the currently most proximate support and resistance areas at 0.9275. (Char...
Overview: Equities remain under pressures. The MSCI Asia Pacific Index lower today, though Chinese and Australian shares were firmer. It is the second consecutive week the benchmark has fallen. European equities are firmer, but not enough to offset the losses earlier this week and are set to...
(Source: Pexels ) The U.S. dollar index had a great day on Wednesday and saw some of the best performance in weeks, bringing the index back to its highs. As exhibited through ongoing repo market shortages, the world has run out of U.S. dollars. It is not clear how large the shortage is, but...
(Source - Pexels/Min An ) Currency market volatility has been a consistent problem in emerging markets. Year after year, currencies are devalued in an attempt to boost economic growth but only serve to worsen external debt problems. Last year was particularly bad as we saw major dec...
Overview: Global equities and fixed income reacted to the large moves yesterday in the US when the 10-year note yield fell eight basis points, and the S&P 500 fell by 0.85%. Investors have focused on three separate developments, two of which came from President Trump's speech at the UN. ...
The US dollar is the world's reserve currency. Central banks around the world hold the US currency because of its long track record of stability. The US has the world's leading GDP and is the wealthiest nation on the planet. At the same time, the dollar is a free-floating foreign exchange inst...
Overview: A fragile calm hangs over the capital markets today. Equities in Asia-Pacific were narrowly mixed. Japan, China, and HK advanced. India saw some profit-taking after a two-day surge in response to the unexpected corporate tax cuts but recovered in late dealings. European shares are ...
I went to University in London and lived in the city in the late 1980s and early 1990s. London is a town that has an incredible history and tradition. History can be a matter of perception. I learned this when I would travel to the office each day from my home in St. John's Wood to Victoria St...
The EUR/USD currency pair (the euro expressed in terms of U.S. dollars) is one of the most traded currency pairs in the forex market; by most accounts, it is the most liquid, representing around 20% of FX market trading volumes. This would make logical sense. As shown by the graphic below ...