Search Results for: economy
Bet on a Pound Sterling to Euro Exchange Rate Decline in 2017-2018 say Société Générale
June 14th, 2017
Foreign exchange strategists at Société Générale have confirmed they are expecting further depreciation in the value of Pound Sterling relative to the Euro. The call comes as the French investment bank release their mid-year review of global foreign exchange ...
Stocks, Currencies Mixed Ahead of Fed; Oil Slumps
June 14th, 2017
China retail sales, output match forecast, Aussie dollar rises Treasury yields steady; South Korea’s Kospi gives up gains Asian equities were mixed, with solid gains in Australia and New Zealand offset by China, where markets weakened despite data showing ...
Hong Kong and Australia seal agreement on fintech cooperation
June 13th, 2017
The Hong Kong Securities and Futures Commission (‘the SFC’) and ASIC today signed an Agreement on fintech cooperation which provides a framework for cooperation to support and understand financial innovation in each economy. This Cooperation Agreement builds on the ...
Sterling steadies on Monday, dollar awaits Fed
June 12th, 2017
Sterling steadies on Monday as British Prime Minister Theresa May scrambled to pick up the pieces and reunite her Conservative Party after a disastrous election that could disrupt Brexit negotiations. Sterling last traded at $1.2756, edging up 0.1 percent ...
Predictions for the Pound: Updated Sterling Forecasts v Euro and Dollar set to be Downgraded at UniCredit
June 9th, 2017
Bad news for long-suffering Brits who have seen the value of their currency fall sharply following the EU referendum in 2016; expect further declines as the UK’s ongoing political uncertainty deepens. Analysts at UniCredit Bank have put clients on ...
Oil prices pinned down by strong dollar, supply worries
June 9th, 2017
Oil prices were little changed on Friday, clawing back earlier declines, amid a variety of market impacts including a rising dollar as returns from the U.K election came in and concerns the ongoing concerted effort by Middle Eastern and ...
UK pound tumbled, Asian stocks and U.S. futures gain while yen and gold decline
June 9th, 2017
May’s Conservative party forecast to win without majority Asian stocks, U.S. futures gain while yen and gold decline It wasn’t a day to rival the Brexit vote. While the pound tumbled as the U.K. faces a hung parliament and ...
Asia Stocks Mixed Before Key Europe, U.S. Events
June 8th, 2017
Asia Stocks Mixed Before Key Europe, U.S. Events Oil crawls back after tumbling Wednesday on stockpiles report Investors remain cautious; yen erases loss on BOJ report Investors were reluctant to add big positions ahead of key events looming in ...
Oil rises off one-month lows struck after surprise stock build
June 8th, 2017
Oil rises off one-month lows struck after surprise stock build Crude futures edged up in early Asian trading on Thursday following heavy losses in the previous session after official data showed that U.S. inventories rose for the first time ...
Projecting the Price of Bitcoin
June 7th, 2017
The wild card in cryptocurrencies is the role of Big Institutional Money. I’ve taken the liberty of preparing a projection of bitcoin’s price action going forward: You see the primary dynamic is continued skepticism from the mainstream, which owns ...
