– US growth is currently above its potential
– The United States has seen positive growth since 2010
– Household savings have declined over the past two years. Strength of growth will depend on households’ consumption-to-savings ratio
– Trumponomics is not dead against the background of hurricane impact
Swiss bank UBS could shed almost 30,000 workers in the years ahead due to technological advances in the banking industry, Chief Executive Sergio Ermotti said in a magazine interview.
Ermotti told Bloomberg Markets that “process-oriented” companies see scope to cut workforces in half through new technology but he believed the true number for banks was around half that.
In the wake of Sunday night’s terrible shooting at the Mandalay Bay Hotel in Las Vegas, gun makers are certain to come in for searing public criticism. They’re also due for something else: a jump in stock prices.
Yet gun stocks began climbing as soon as the market opened Monday, with shares of Sturm Ruger rising 4.7% in early trading. American Outdoor Brands, formally known as Smith & Wesson, was also up 4.5%.
HSBC has been fined $175 million on Friday for ‘unsafe and unsound’ practices in its currency trading business by Fed, as Reuters reported.
HSBC failed to monitor chat rooms where traders swapped information about investment positions, the U.S. central bank said, echoing findings by other regulators investigating the $5 trillion-a-day foreign exchange or FX market.
The September FOMC meeting did not result in an immediate interest rate hike, but it seems highly probable that there will be a December interest rate increase while balance reduction should start in October with further interest rates increases in 2018. Experience indicates that the Fed is getting ready to bring about a recession as soon as markets take the hint that the days of easy money and cheap credit are coming to an end.
Cristiano Ronaldo, said to be the world’s most highly paid football player, is lending his name to promoting contracts for difference (CFDs) derivatives, which regulators across Europe have been seeking to clamp down upon due to the high risk of deep losses to retail investors they can entail.
The mercurial Portugal and Real Madrid forward tweeted his 59 million followers last month to say, “Happy with my new partnership with @EXNESS”.
He also retweeted a statement from Exness in which he says:”It’s an honour to partner with an international company that gives back to the world not only in offering the highest quality of services but also in fostering a socially conscious culture.
In result of combination of technical factors and fundamental events, the currency pair made a turn around and broke though the bottom boundary of a previously dominant ascending channel.
From technical point of view, the rate encountered a resistance level formed by the monthly R2 at 112.54 and the upper boundary of a long-term falling wedge.
Only the fewest traders earn long-term money on the stock market. One of the reasons for this is the indiscriminate or incorrect setting of stops. But how much leeway should you give to a trade and when is it better to get out? There are many myths, some of which are misinterpreted and blindly believed. Traders who have long-term profitability, however, are working on a statistical basis, which we would like to present to you in the following.
