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Below is the latest sentiment as compiled by etoro, the world's largest (social) trading network. It provides a view of what individual investors think about the specific instruments and gives a view of the current sentiment.
Bloomberg: Treasury 10-Year Yield Slides Below 2% to Lead Global Decline
Treasuries led a global bond rally, with 10-year yields dropping below 2% for the first time since November 2016 as expectations grow that major central banks will ease policy. [more...]
Bloomberg: Trump Moves From Trade War Toward Currency War
President Donald Trump has already given the global economy trade wars. Now there are signs he may be gearing up for a currency war, too. [more...]
Bloomberg: Fed Scraps Patient Approach and Opens Door to Potential Rate Cut
The Federal Reserve signaled it was ready to lower interest rates for the first time since 2008, citing “uncertainties” that have increased the case for a cut as officials seek to prolong the near-record U.S. economic expansion. [more...]
Bloomberg: Growth in Global Financial Wealth Screeched to a Halt in 2018
Gains in global personal wealth ground to a near-halt in 2018, rising just 1.6% for the weakest growth in five years. The slowdown is a steep drop from the 7.5% gain in personal global wealth in 2017, and the 6.2% compound annual growth rate from 2013 to 2017, according to an analysis by Boston Consulting Group released Thursday. [more...]
Bloomberg: ‘Mushrooming’ India Growth Potential Driver for Facebook's Libra
Facebook Inc.’s new cryptocurrency system Libra will be counting on continued explosive growth from emerging markets and especially India to succeed, according to strategists with Jefferies Financial Group Inc. [more...]
Bloomberg: A $222 Billion Manager Shifts to Cash on Worries Trade War Will Spread
A $222 billion wealth manager that piled up cash to the highest level in years before last month’s global equity rout is now worried Europe might be next on President Donald Trump’s tariff radar. [more...]
Bloomberg: Stock Market Reaction ‘More Ambiguous’ Than Bonds to Fed Meeting
The stock market reaction to the latest Federal Reserve missive seems to be a clear case of sometimes it’s better to travel than arrive. After trading on tenterhooks all week, the S&P 500 Index rose just 0.3% after the Fed signaled it was ready to lower interest rates for the first time in 11 years. [more...]
Bloomberg: ‘As Close as They Could Come to Cutting’: Wall Street Reacts to the FOMC
While the Federal Reserve held rates steady Wednesday, investors said evidence is building for a reduction later in the year. The deletion of the pledge by policy makers to stay “patient” before economic data and estimates from eight of 17 members that the Fed funds rate would fall in 2019 supported risk assets including stocks. [more...]
Reuters: Stocks rally, bond yields plunge as Fed fuels rate cut hopes
A gauge of global stock markets rose on Thursday while the dollar dropped and global bond yields plunged, with the 10-year U.S. yield falling below two percent, after the Federal Reserve signaled possible interest rate cuts later this year. [more...]
Reuters: Goldman Sachs now expects Fed rate cut in July and Sept
Goldman Sachs Group Inc analysts now expect the U.S. Federal Reserve to cut interest rates in July and in September, according to a research note issued after Fed Chairman Jerome Powell on Wednesday signaled a rate cut as early as next month. [more...]
CNBC: Trump could cause market ‘turmoil’ if he removes Powell as central bank chief, says former Fed governor
U.S. President Donald Trump risks hurting investor sentiment if he removes Jerome Powell as chair of the Federal Reserve, according to a former American central bank governor. [more...]
CNBC: Bitcoin’s digital gold, but Facebook’s Libra is the digital dollar—here’s why that matters
The crypto craze is gaining serious momentum. On Tuesday, social media giant Facebook unveiled plans for a new cryptocurrency called Libra, backed by a host of companies including Visa and PayPal, that would function as a digital payment on its platform. Other project partners include eBay, Uber and Spotify, indicating that Libra may eventually be accepted as payment on their platforms as well. [more...]
The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair.
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