Hazlitt

September 14 Good morning from the UK. I will be covering Justin's slit while he is away taking some well earned R and R. This morning I expect we will be back to Brexit headlines and GBP selling unless there is some kind of breathrough/blockage of the new Internal Markets Bill. Aside from that, ver

According to analysts at Goldman Sachs, the rising likelihood of more widely available coronavirus vaccines by next spring would counter a slump in oil demand and help the market gain momentum in 2021.  The West Texas Intermediate crude is now forecasted to rise to $55.88 next year versus the previo

Industrial production in South Korea gained a seasonally adjusted 1.6 percent on month in July, Statistics Korea said on Monday - shy of expectations for an increase of 1.9 percent and down from 7.2 percent in June. On a yearly basis, industrial production sank 2.5 percent - again missing forecasts

While US markets continue to set new records, markets elsewhere are finding upside progress much more difficult to attain, with the Nikkei 225 still below its pre-pandemic highs for this year, along with similar underperformance for European markets. After a negative session yesterday markets here i

Photo: source: FM A recent report from Inside Paradeplatz reveals that the Liechtenstein Financial Supervisory Authority has rejected Binance’s attempts to acquire a stake at Union Bank AGa (UBAG), which had been at the verge of liquidation since 2019. The rumors further spread on Tuesday after th

EUR/JPY is trapped in a pennant pattern, as seen on the 4-hour chart.  A breakout would expose overhead resistance at 124.90. EUR/JPY has carved out a contracting triangle or pennant pattern on the 4-hour chart.  A breakout, if confirmed, would signal a resumption of the rally from the July 10 low

Economist Barnabas Gan at UOB Group noted that GDP figures for the second quarter in Singapore could be revised lower. Key Quotes                                                                                      “Singapore’s industrial production disappointed market expectations with a 6.7% y/y c

Photo: FM, Financial Conduct Authority The UK financial markets regulator, the FCA, has found itself in hot water over significant shortcomings in handling of investors’ complaints as its relevant capacity were not coping with “the volume and complexity.” In a report published by the Complaints Co

Manufacturing PMI forecast to rise to near expansion. Factory sector had been in a two year decline. Pandemic collapse projected to be erased in June. May retail sales and consumer confidence in May and June could encourage manufacturing. Good PMI numbers will further ease the recent risk-aversion d

The dollar dropped back after a short-lived pop higher at the open in Asia-Pacific trading today, inversely correlating with a 0.7%-plus rally in S&P 500 futures, which pointed to an opening gain on Wall Street that would more than reverse Friday's losses. The narrow trade-weighted USD index (DX

The dollar has been trading mostly narrow ranges against most other currencies, though gained again the pound, which came under fresh pressure, extending a two-week phase of underperformance that the UK currency has been seeing. Cable printed an 18-day low at 1.2378, while EUR-GBP posted a three-wee