No output curbs imminent for Libya or Nigeria, major powers push for resolution to Gulf crisis, and lots of Trump turnover. Here are some of the things people in markets are talking about. Keep Pumping One thing that won’t be discussed during Monday’s talks between OPEC and other major oil producers: curbing Libya and Nigeria’s …
Read More »Monthly Archives: July 2017
Xi’s Sign-Off Deals Blow to China Inc.’s Global Spending Spree, By Lingling Wei and Chao Deng
Measure is a warning to China’s other big private businesses that loaded up on debt to buy assets overseas BEIJING—China’s government reined in one of its brashest conglomerates with the approval of President Xi Jinping, according to people with knowledge of the action—a mark that the broader government clampdown on …
Read More »Forex – Weekly outlook: July 24 – 28
Investing.com – The U.S. dollar fell to its lowest level in more than a year against a basket of the other major currencies on Friday, pressured lower by the stronger euro and persistent concerns over U.S. political uncertainty. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket …
Read More »The week ahead: 5 things to watch on the economic calendar
Investing.com – In the week ahead, global financial markets will focus on the outcome of Wednesday’s Federal Reserve policy meeting for any new insight on the timing of the next U.S. rate hike and clues on how the central bank plans to pare back its massive balance sheet. There are …
Read More »U.S. Message to China: Hands Off Our Companies, By Kate O’Keeffe in Washington and Julie Steinberg in Hong Kong
Backers of several high-profile transactions have failed to get approval amid tougher scrutiny of Chinese investment WSJ-The U.S. is toughening its scrutiny of Chinese deals, throwing a number of high-profile takeover bids into question and helping spur a huge case backlog, according to people familiar with the process. The Committee …
Read More »FxWirePro: EUR/JPY struggles at weekly 200-sma, bullishness only on break above
EUR/JPY has seen multiple rejections at major resistance at weekly 200-SMA currently at 130.62. We see further bullishness only on break above. Scope then for the major to test 134.24 (78.6% Fib retrace of 141.05 to 109.205 fall). Momentum studies are bullish, RSI strong at 68 and biased higher. …
Read More »FxWirePro: bearish RSI divergence and bearish candle patterns signal AUD/JPY likely to resume short term bears, major trend in consolidation phase seems intact
Last 2 days of trading sessions this pair pops up with bearish candle pattern (Doji or Evening window star), bearish RSI divergence signal weakness (daily charts). After big bearish candlestick patterns, bears have plummeted prices below 7DMA but managed to bounce back above. But, no momentum has been observed …
Read More »FxWirePro: Gold trades higher after ECB monetary policy, good to buy on dips
Gold has recovered sharply after hitting low of $1235 on account of weak U.S dollar. The yellow metal jumped till $1247 yesterday and is currently trading around $1238.80. Euro jumped sharply against U.S dollar after positive comments from Maria Draghi. ECB has kept its interest rates unchanged at 0%, …
Read More »RBA
* Rba’s debelle says the rising a$ is complicating the economy’s adjustment Source: FXWire CentralBank 21. July 2017 10:52:03 * Rba’s debelle says a rising a$ is not welcome Source: FXWire CentralBank 21. July 2017 10:51:49 * Reserve bank of Australia deputy Gov debelle says discussion of neutral …
Read More »Reserve bank of Australia
* Reserve bank of Australia deputy Gov debelle says no automatic reason to follow rate hikes abroad Source: FXWire CentralBank * Rba’s debelle says reasonable amount of uncertainty about where the neutral rate is Source: FXWire CentralBank 21. July 2017 09:49:20
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