The Turkish Lira loses further ground and tests 6.50. Solid near term contention remains in the 6.00 neighbourhood. The pair almost fully recovered the post-CBRT dip. The Turkish currency remains on the defensive in the first half of the week and is now lifting USD/TRY to fresh tops in the boundaries of 6.5000. USD/TRY looks to sentiment The pair is advancing for the third straight session on Tuesday, extending the bounce off post-CBRT lows in
MARKET DEVELOPMENT – SAUDI TALK BOOSTS CRUDE OIL PRICES Crude Oil: Brent and WTI crude futures surged after reports that Saudi Arabia is said to be comfortable with Brent crude above $80/barrel. Brent now trading higher by 1.4%, having pushed above $79. Alongside this, the latest Saudi Arabian production figures from JODI showed a drop in Saudi output, consequently providing another lift to oil prices. CAD: The Loonie finding a bid this morning amid the
U.S. stock-index futures pointed to a slightly higher open Tuesday, though investors monitored the latest development on the trade-policy front, which has recently shown signs of escalating. Where are the major benchmarks trading? Futures for the Dow Jones Industrial Average YMU9, +0.00%  rose 54 points, or 0.2%, to 26,156. Futures for the S&P 500 ESU9, +0.75%  were up 3.5 points to 2,899.50, a gain of 0.1%. Nasdaq-100 futures NQU9, +0.17%  rose 8 points, or 0.1%,
Major US equity indices witnessed a positive opening on Tuesday and recovered a major part of overnight losses, triggered by the latest developments on the trade-related front. Trade tensions between the world’s two largest economies escalated further after the US President Donald Trump imposed new tariffs on about $200 billion worth of Chinese goods and warned to pursue tariffs on $267 billion of additional imports if China takes retaliatory action.  Subsequently, China also announced the
Ten years ago, America experienced a financial crisis of unforeseen proportions. The Standard & Poor’s Index SPX, +0.31% lost 57% of its value, with many people’s investments declining significantly and wiping out some retirement funds completely. While the overall economy and the stock and job markets have largely recovered and are even thriving, the recovery came too late for many who had spent their lives planning for retirement. With a decade of perspective, it’s time
An “unprecedented decline” in NHS patient admissions is set to dramatically affect earnings at Spire Healthcare as it posted a massive drop in profits for the first half of the year. Profit before tax at the private healthcare company fell 57.9pc compared with the same period last year to £5.1m, largely due to £15.3m of exceptional items. The largest of these was a £12.6m property impairment on its Spire Alexandra hospital site. The FTSE 250 company has
Are pumpkin spice lattes really mostly consumed by young women? Weirdly, that’s the internet myth. Maxwell Glick, an actor based in Los Angeles, defies it. He looks forward to pumpkin spice lattes every single year. “It’s like a celebration,” he said. When Glick heard men are sometimes stigmatized for drinking pumpkin spice lattes, he was confused — but not surprised. “In today’s society, it’s ridiculous to label something masculine and feminine,” he said. “You love
Flash data for JPY futures markets noted investors scaled back their open interest positions by nearly 3.5K contracts on Monday vs. Friday’s final 223,468 contracts. Volume, instead, decreased sharply by almost 100K contracts, adding to Friday’s important build. USD/JPY next stop 113.00? USD/JPY’s pullback on Monday was in tandem with the persistent build in open interest while volume dropped significantly for the second consecutive day. The broader up move in past sessions is poised to
Talking Points: – Global equities remain on the move and the Nikkei has broken out from a big level of resistance over the past few trading days, adding a bit of resolution to an ascending triangle formation that’s been building over the past few months. Later tonight/early-Wednesday brings a Bank of Japan rate decision with very few expectations for anything new. Will the BoJ provide any hints or clues towards future changes towards their QE
For decades, Americans have viewed a college education as a ticket to the middle class. But stagnant wages, rising college costs, growing student debt and the proliferation of degrees of varying quality have called that notion into question. Skeptics of the value of a college education assert that as a nation, we’ve promoted the four-year degree as the gold standard at significant cost — siphoning students who are more likely to succeed in cheaper, career-focused