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Latest News Headlines
Bloomberg: The Pound Is Now the Most Volatile Currency in the G-10
The pound is buckling under concerns about Brexit, and the Bank of England may add further pressure to the currency when it meets this week. Sterling dropped as much as 0.8% against the dollar to 1.2119 on Tuesday, extending Monday’s 1.3% decline. [more...]
Bloomberg: U.S. Futures, Asia Stocks Edge Higher; Pound Drops: Markets Wrap
U.S. futures and most Asian stocks edged higher Tuesday as investors awaited news from the resumption of U.S.-China trade talks. The pound dropped to a two-year low, and the yen gained as the Bank of Japan left interest rates unchanged. [more...]
Bloomberg: Asia Stocks Edge Higher Before Trade Talks, Fed: Markets Wrap
Asian stocks edged higher Tuesday as investors awaited news from the resumption of U.S.-China trade talks. The yen fluctuated as the Bank of Japan left interest rates unchanged. [more...]
Bloomberg: Victoria’s Secret Has More Than a Jeffrey Epstein Problem
Time isn’t being kind to Victoria’s Secret. The lingerie retailer has a problem with the past and a problem with the future—and that leaves the present in a muddle of controversy. [more...]
Bloomberg: 37-Year-Old Former School Teacher Is India’s Newest Billionaire
India’s newest billionaire is a former classroom teacher who developed an education app that’s grown to a valuation of almost $6 billion in about seven years. [more...]
Bloomberg: Citi to Cut Hundreds of Trading Jobs in Bad Sign for Wall Street
Citigroup Inc. is preparing to cut hundreds of jobs in its trading division -- stark new evidence that an industrywide slump in revenue this year may be more permanent than the tweets and policy moves rattling clients. [more...]
Bloomberg: Capital One Says Breach Hit 100 Million Individuals in U.S.
Capital One Financial Corp. said data from about 100 million people in the U.S. was illegally accessed after prosecutors accused a Seattle woman identified by Amazon.com Inc. as one of its former cloud service employees of breaking into the bank’s server. [more...]
Bloomberg: French Economy Unexpectedly Cools in Setback for Euro Area
French economic growth unexpectedly slowed, adding to risks for a euro area already shaken by a manufacturing slump and frailties in its largest economy, Germany. [more...]
Bloomberg: Tycoon Who Founded Starbucks’ Indian Rival Goes Missing
Coffee Day Enterprises Ltd., the Indian rival of Starbucks Corp., slumped the most on record after its tycoon founder went missing. V. G. Siddhartha asked his driver to stop his car on Monday evening, before going for a walk near the Southern Indian city of Mangaluru, local police official Jayant Kumar said by phone. [more...]
Bloomberg: Foreigners Sell Rand Assets at Record Pace as Eskom Woes Mount
Foreigners are ditching South African assets at the fastest pace on record as concern mounts that the government will lose its last investment-grade rating. [more...]
Reuters: Asia stocks gain ahead of Fed, pound pressured by fresh Brexit pain
Asian stocks gained on Tuesday as equity investors prepared for an expected U.S. interest rate cut this week while the pound retreated to a 28-month low as heightened concerns about a no-deal Brexit gripped currency markets. [more...]
Reuters: Trump urges Fed to do more than a 'small rate cut'
U.S. President Donald Trump on Monday urged the Federal Reserve to go beyond making a “small rate cut” this week, raising pressure on the central bank to lower borrowing costs by more than Wall Street expects. [more...]
CNBC: If the Fed cuts rates this week, it could widen a growing rift within the central bank
There’s a good chance one or two, and maybe even three, Fed officials could disagree with the central bank’s decision to cut rates Wednesday, and that could make it more difficult for markets to glean the course of future Fed policy. [more...]
CNBC: Billionaire Ray Dalio: U.S. economy must change or there will be ‘conflict’ between the rich and poor
The United States must change its economic system or there will be conflict between the rich and the poor. So says billionaire hedge fund guru and finance entrepreneur Ray Dalio. [more...]
Currency Strength Indicators
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.