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CySEC Counters Investment Scams: Warns against Impersonators and Fake Websites
This alert involves individuals impersonating CySEC's representatives.The fraudsters allegedly solicit fees from investors for fake compensation claims. The Cyprus Securities and Exchange Commission (CySEC) has issued a warning against fraudulent actors who falsely present themselves as CySEC office
PBOC sets USD/ CNY reference rate for today at 6.8359 (vs. yesterday at 6.8319)
The onshore yuan mid-rate for the trading session ahead set by the People's Bank of China.
USD/CNY can trade in a band +/- 2% of this rate
offshore yuan (CNH) has no such limit imposed
PBOC injects 100 billion yuan liquidity via 7-day reverse repo
100 billion yuan reverse repo mature today
AUD/NZD dips below 1.09 despite dovish comments by RBNZ's Orr
AUD/NZD drops more than 25 pips after RBNZ's Orr talked dovish.
Orr signaled readiness to expand stimulus, left the door open for negative rates.
The Reserve Bank of New Zealand's governor Orr said Wednesday that the central bank is ready to deliver more stimulus. Even so, the NZD picked up a bid,
GOOG, NFLX, NVDA, ONVO Technical Analysis Elliott Wave [Video]
US Stocks ALPHABET GOOG NETFLIX NFLX NVIDIA NVDA ORGANOVO ONVO Technical Analysis is Elliott Wave Technical Analysis: Many of the large stocks in this video have completed their corrections and are expected to move higher. Organovo is an early-stage medical laboratory and research company which
Equity market pushes downward on US Coronavirus fears
NASDAQ down 2% on Coronavirus fears
Tech and consumer equities lead the charge downwards as fears that the recovery has stalled in the US emerges. The NASDAQ is down 2.33% today, with the SP500 and Dow Jones down 0.66% and 0.7%. Priced-to-perfection tech stocks, even with better than expected earnin
Where now for the EUR/CHF?
CHF weakness to fade?
EURCHF has gained recently on two factors. Firstly, the improving risk tone. Secondly, on the hopes of the €750billion recovery fund being agreed over the weekend. This has led to the EURCHF pair rising above 1.0700 handle and now heading testing the 200DEMA marked on the chart
China Leaves Benchmark Lending Rates Unchanged
China left its benchmark lending rates unchanged for the second straight month despite the economy struggling to recover from the impact of the coronavirus crisis.
The one-year loan prime rate was retained at 3.85 percent and the five-year loan prime rate was maintained at 4.65 percent.
The one-year
European Shares Seen Opening Little Changed
European stocks are seen opening largely unchanged on Monday following reports of rising coronavirus infections in some countries.
The Trump administration has declared there will not be another shutdown, but Apple Inc. (AAPL) is temporarily closing about 11 retail stores in four U.S. states in view
US Employment Report supports view of a decent rebound in GDP growth in Q3 – Rabobank
"Today’s Employment Report supports our view that we will see a decent rebound in GDP growth in Q3," noted Rabobank analysts.
Key quotes
"However, the extreme swings in economic activity that we are now seeing are caused by the lockdown and reopening of the economy, and it will take until Q4 before
U.S. Stocks Seeing Modest Weakness Amid Cautious Trading
Stocks are turning in a relatively lackluster performance during trading on Friday after ending the previous session mostly lower. The major averages have all dipped into negative territory, although selling pressure has remained subdued.
Currently, the major averages are posting modest losses. The
Continued Consolidation Predicted For China Shares
The China stock market has moved lower in consecutive trading days, surrendering more than 30 points or 1 percent along the way. The Shanghai Composite Index now rests just beneath the 2,870-point plateau and it's looking at another red light for Friday's trade.
The global forecast for the Asian mar
USD/CAD Daily Outlook
Daily Pivots: (S1) 1.4062; (P) 1.4110; (R1) 1.4196;
USD/CAD edged higher to 1.4173 but retreated quickly . Intraday bias remains neutral first. Price actions from 1.4667 are seen as a corrective pattern. On the upside, break of 1.4265 resistance will indicate completion of the correction. Intraday b
European Shares Seen Up On Optimism Over Phased Reopenings
European stocks look set to open higher on Wednesday amid optimism over the phased reopening of businesses in some countries.
After Italy announced a timetable for reopening its economy and daily life beginning on May 4, the French and Spanish governments also announced plans to ease anti-virus cont
Pull-up Update