Citi flags asymmetric risk/reward in CHF this month Citi flags a scope for Switzerland to be named a currency manipulator by the US by US Treasury in October. ” CitiFX Strategy’s latest: Switzerland can be named a currency manipulator in October. Switzerland has met the objective criteria to be labeled a currency manipulator by US Treasury.
BENGALURU/MUMBAI: Physical gold dealers in India continued to stock up this week ahead of an expected festival sales bump, while the Golden Week in top consumer China did little to revive bullion demand. Gold is considered an intrinsic part of Indian festivals such as Dussehra in late October, and Diwali and Dhanteras in November. Demand
Sterling is a focus today in otherwise relatively quiet markets. Brexit jitters triggered much volatility in the Pound. But it’s staying in range as, after all, negations between UK and EU will still continue next week, probably with some intensifications. As for the week, Australian Dollar remains the weakest one, followed by Sterling, Yen is
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report third-quarter earnings before the opening bell Monday. The firm generated $20.45 billion in revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Here’s what Wall Street expected: Earnings: 49 cents a share, 12% lower than the
EUR/GBP recovery from 0.9000 area stalls at 0.9100. The pound holds its ground despite growing concerns of a no-deal Brexit. The EUR/GBP is seen at 0.8900 in three months – Rabobank. The euro has been unable to extend its recovery from weekly lows neat 0.9000 to levels past 0.9100 on Friday. The pair found resistance right
Will Johnson do the unexpected and blow up negotiations for good? The pound is drifting to start the day, with cable seen back under 1.2900 ahead of European trading but not really facing any urgency to retest the lows this week @ 1.2863. For now, sellers are still keeping a more bearish near-term bias upon
Comments by UK foreign secretary, Dominic Raab We are disappointed and surprised by EU position on Brexit We are close to a deal A deal also ‘depends on the other side’ With goodwill on both sides, we can get there This is largely more posturing as well, but it sure sounds like they will be
Ripple announced a contribution of $10 million to Mercy Corps to help it use digital assets in its work on financial inclusion in emerging markets during the annual Swell conference. Mercy Corps is a non-governmental, humanitarian aid organization that aims to create economic opportunities in countries where the financial system isn’t operating properly. The organization
NEW DELHI: Gold and silver prices were trading mixed around the flatline in Friday’s session amid steady US dollar and indecisiveness of US lawmakers about economic stimulus. US President Donald Trump said on Thursday he was willing to raise his offer of $1.8 trillion for a COVID-19 relief deal with Democrats in Congress, but the
Dollar and Yen remain generally firm in Asian session while Australian and New Zealand Dollars are soft. US stocks pared back much of the initial losses overnight with DOW ended nearly flat. Overall sentiments are also stable and mixed in Asia only. Coronavirus infections and politics, like US election and stimulus as well as Brexit,
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv. Revenue: $9.46 billion,
EUR/USD has declined by 1% so far this week and looks set to extend losses as the technical picture is bearish despite the fact that the pair is entering oversold conditions according to Friday’s 4-hour chart, Yohay Elam, an Analyst at FXStreet, reports. At press time, the EUR/USD pair is trading largely unchanged on the
Down $0.08 or -0.19% The November WTI crude oil futures are settling at $40.96. That is down $0.08 or -0.19%. The December contract settle down $0.10 at $41.24. The high price for the November contract reached $41.29. The low price extended to $39.52. The crude oil inventories showed a drawdown of 3.818 million barrels. That was
Bank of Canada announces changes to programs that support key financial markets Citing better financial market conditions, the Bank of Canada has announced the end of mortgage bond purchases and buying Bankers’ acceptances on Oct 26. Term repos will be reduced to bi-weekly from weekly but with tighter securities eligible. “The Bank will continue to
LONDON: Oil prices fell on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth and a recovery in fuel demand. Brent crude futures dropped 70 cents, or 1.6% to $42.62 a barrel at 0905 GMT, while U.S. West Texas Intermediate (WTI) crude futures were
Risk aversion is currently in driving seat in the markets today. In the US, hope of fresh fiscal stimulus fades for now, most likely not until after elections. In Europe, countries are going back into lockdowns as coronavirus cases hit records. Negative sentiment drive global stock indices lower and pushed bonds higher. In particular, Germany
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to
Oil prices rally in New York but remain down on the day. Demand-side risks mounting as the COVID-19 second wave swells and USD catches a bid. The price of US oil is trading at $40.88 and between a range of $39.25 and $41.27, down some 0.5% on the day so far. The rally in the