Coupled with the previous week’s net $11.5bn outflow, this signifies a large disposal between 10 and 17 January. Financial analysts chalk this up to the positive sales report for December 2023 and the Federal Reserve’s negative response to anticipated policy rate cuts in March 2024. Reportedly, prominent US banks’ poor fourth quarter performance, such as…
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What's next? As lockdowns have been extended in Europe, likely, the next PMI reading will also be bad. However, the stock markets are forward-looking, and I suspect that they will be more interested to see what will happen with the development of Covid-19, and how the Chinese economy is doing, for clues to what may…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for November 4, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Not Likely That BTC Whale Fueled 2017 Price Surge: The more likely narrative of what fueled the…
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It was the end of August, a time when vacationers flood the French Riviera and coastal communities to enjoy the good life before heading back to work in September, but merchants in the coastal town of Biarritz, France, were anything but happy. Tourists were not in abundance. The streets were bare, almost like a ghost…
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LeapRate Exclusive... Global economic growth fell to its lowest level in three years and is now on its way to stability, but the recovery momentum is fragile and at high risk. International trade and investment were weaker than expected at the beginning of the year. Economic activity in the major developed economies, especially the euro…
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Another leg down lies ahead for the USD, but positive momentum is likely to build afterward.
Read moreBritain's financial markets regulator, the FCA, has invoked a series of structural changes in order to meet the demands of the modern financial markets ecosystem, with several executive-level changes within the organization
Read moreMAR broadens reach of rules to new products, venues and trading techniques
Read moreLondon's financial markets economy has long courted the giants of Asia. FX settlement in Chinese currency aims to boost this further.
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