Boris Johnson, a hard-line Brexiteer who has vowed to leave the EU by the end of October with or without a deal, was set to win the top spot and he certainly just did. Johnson will become Britain’s next prime minister after being elected leader of the Conservative party, defeating Jeremy Hunt in the party’s…
Read more
LeapRate Exclusive... Global economic growth fell to its lowest level in three years and is now on its way to stability, but the recovery momentum is fragile and at high risk. International trade and investment were weaker than expected at the beginning of the year. Economic activity in the major developed economies, especially the euro…
Read more
The Australia and New Zealand Banking Group Limited (ANZ) confirmed the appointment of Antonia Watson as Acting CEO of ANZ New Zealand, following the departure of David Hisco. Mr Hisco’s departure follows ongoing health issues as well as Board concern about the characterisation of certain transactions following an internal review of personal expenses. ANZ New…
Read more
The Trump administration removed India and Switzerland from its currency monitoring list of major trading partners on Tuesday. The monitoring list, among others, include China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam. The Monetary Authority of Singapore (MAS) responded today that it does not manipulate its currency for export advantage, and added…
Read more
Forex and CFD broker ATFX has just released a 23-page market outlook Q2 report, incorporating unique data on forex outlooks, the stock markets, metals, energy, and the hot topic of cryptocurrencies. The report includes regional information as well as regulatory information. Alejandro Zambrano, Global Chief Market Strategist of ATFX UK, Ramy Abouzaid, Head of Market…
Read more
The following guest post is courtesy of ATFX Global Chief Market Strategist Alejandro Zambrano. The Chinese stock market is under pressure and from its 2019 high of 14237.2 the China A50 index had slid by 12.55% at the time of writing. Chinese stock markets have much like its European and U.S. peers been thriving since the start of…
Read more
The social network giant Twitter (NYSE:TWTR) has today released its first-quarter earnings. The numbers crushed expectations, sending the stock surging more than 6 percent in pre-market trading. Highlights include: Revenue: $787 million vs. $776.1 million expected in a Refinitiv survey of analysts Earnings per share: adjusted 37 cents vs. 15 cents expected in the Refinitiv survey…
Read more
The following article is courtesy of AETOS analyst Ryan Chen. Part I and Part II of the report can be seen here and here. Impact on foreign currency market of the Fed’s policy shift It is a fact that the Fed has entered the end of its tightening cycle. However, in currency markets, even after the…
Read more
We are accustomed to witnessing strange behavior on the part of government officials in developing countries, where the all powerful leader demands loyalty at all costs and directs his minions to do whatever it takes to sustain his position in power. Apparently, according to many of his critics, the Trump administration is headed down a…
Read more
The following article is courtesy of AETOS analyst Ryan Chen. Part I of the report can be seen here. Reality not as silky as ideal As early as the end of 2018, there was sign that the Fed was shifting to dovish monetary policy. Fed Chairman Powell said, in a speech at the end of…
Read more