Dimon’s blunt assessment was in response to questioning from analysts who pointed out the rich, tech-like valuations of fintech players.
Archiv für den Monat: Januar 2021
Biden’s $400 unemployment boost would replace 86% of lost wages for many workers
President-elect Joe Biden’s $1.9 trillion Covid relief plan would raise jobless benefits by $400 a week, replacing 86% of lost wages for the average person.
US Dollar Rebound in Focus Ahead of US Presidential Inauguration
The US Dollar breaks out of the range bound price action from the first of January going into the inauguration of President-elect Joe Biden.
Australian Dollar Outlook: Tied to Biden Stimulus Bets, S&P 500, US Dollar, Treasuries
The Australian Dollar sits on the crossroads of Treasury yields, the S&P 500 and US fiscal stimulus expectations. Will AUD/USD gains slow? Chinese Q4 GDP and Australian jobs data are due.
GBP/USD Weekly Forecast: GBP/USD Rally Out of Steam?
GBP underpinned as BoE downplays negative rates, alongside vaccine rollout.
ForexLive Americas FX news wrap: Sell-the-stimulus mood boost dollar
Forex news for North American trade on January 15, 2020:
Markets:
There was a decided risk off tone in markets and that meant a bid in the US dollar even as Treasury yields slid. It was a classic ’sell the fact‘ move after Biden’s big stimulus plan, something I about.
Markets:
There was a decided risk off tone in markets and that meant a bid in the US dollar even as Treasury yields slid. It was a classic ’sell the fact‘ move after Biden’s big stimulus plan, something I about.
Major indices close lower with the NASDAQ leading the way
NASDAQ down -0.87%
The final numbers are showing:
Below are the percentage changes and ranges of the major indices. European shares also ended lower with the Spain Ibex leading the way at -1.69%. The German DAX fell -1.44%.
The final numbers are showing:
Below are the percentage changes and ranges of the major indices. European shares also ended lower with the Spain Ibex leading the way at -1.69%. The German DAX fell -1.44%.
CFTC commitments of traders: EUR longs move back up to December highs
Weekly forex futures positioning data from the CFTC
– EUR long 156K vs 143K long last week. Long increased by 13K
– GBP long 13K vs 4K long last week. Longs increased by 9K
– EUR long 156K vs 143K long last week. Long increased by 13K
– GBP long 13K vs 4K long last week. Longs increased by 9K
The pound was the top performer this week
GBP narrowly beats out JPY and USD
It was a tight race at the top of the FX charts this week that grew much tighter after today’s drop in cable.
Yet sterling has managed to hang onto its title, at least so far. It’s a few pips higher on the week versus the yen and US dollar.
It was a tight race at the top of the FX charts this week that grew much tighter after today’s drop in cable.
Yet sterling has managed to hang onto its title, at least so far. It’s a few pips higher on the week versus the yen and US dollar.
EURUSD trades at new lows and lowest level since December 10
The EURUSD has traded most of the week below the close from last week
The EURUSD closed last week week at 1.22159. The price initially fell on Monday to a low of 1.21315 and formed a bottom between that level and 1.21364 on Tuesday before moving higher, and retesting the close from last week. The high for the week
The EURUSD closed last week week at 1.22159. The price initially fell on Monday to a low of 1.21315 and formed a bottom between that level and 1.21364 on Tuesday before moving higher, and retesting the close from last week. The high for the week