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(Source: World Economic Forum) Christine Lagarde recently took the reins of the European Central Bank from its seven-year leader Mario Draghi. Like Draghi, Lagarde appears to have an extremely dovish stance when it comes to monetary policy. Though she has yet to make any policy decisions, ...
Overview: Indications that a phase one agreement between the US and China would include rolling back some existing tariffs is boosting risking appetites, sending stocks higher, and pushing up yields. However, this appears to be simply a restating of China's views rather than a new breakthrou...
Last Thursday was Halloween, but it was also the deadline for Brexit. The line in the sand for the UK's departure from the European Union was not the first. In June 2016, when the voters of the UK sent their leaders a message that they wanted out of the union, there seemed to be plenty of time...
The US dollar is the world's reserve currency. The dollar is the most widely held currency because of the political and economic stability of the United States. A reserve currency must be fully convertible to other foreign exchange instruments. The dollar floats freely, and the value of the gr...
Economists are hailing today’s rise in German factory orders, and while the 1.3% monthly increase was "solid," Oliver Rakau of Oxford Economics said it may not prevent the economy falling into recession (we'll get those figures on Nov. 14). More news on: Invesco CurrencyShares Eur...
Macro News Global: Even though the little improvement we saw concerning the trade war dispute in addition to the better-than-expected US jobs report on Friday may both have contributed to the rise in stocks we saw in the past few days, it is important to notice that most of the rise in e...
There has been rising concern over the health of European banks and the European banking system. Negative interest rates just are not something commercial banks can prosper from. Germany has had negative interest rates much of this year, France followed Germany a little later in the year, ...
By Francesco Pesole, FX Strategist EUR: Another chance to break 1.12 The frequency of market-moving data releases is going to be much lower in the coming week. Only retail sales and German industrial production (both for September) are on the Eurozone agenda while the ISM Non-Manuf...
Overview Investor optimism is reflected by the risk-taking appetite that is lifting equity markets and bond yields. With Japanese markets closed for a national holiday, the MSCI Asia Pacific Index was led higher by more than 1% gains in Hong Kong, Taiwan, South Korea, and Thailand. The regio...
The US dollar traded heavily last week, falling against all the major currencies but the Canadian dollar. The Bank of Canada softened its neutral stance a few hours before the Federal Reserve signaled a pause after delivering its third rate cut to complete its mid-course correction. The F...