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The British Pound's Best Day Since 2008, Explained
Tuesday, January 17, 2017 - 3:26pm | 344Read More...The British pound recorded on Tuesday its best single-day performance since 2008. Bloomberg's Richard Jones explained during Tuesday's "Bloomberg Daybreak: Americas" segment that there are several moving parts which support the pound's gains of nearly 3 percent against the U.S. dollar. What Made...
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Donald Trump: U.S. Dollar Is 'Too Strong'
Tuesday, January 17, 2017 - 10:25am | 391Read More...President-elect Donald Trump's comments to the Wall Street Journal prompted a selloff in the U.S. dollar and a spike in gold-related investment tools. Trump told the WSJ that the U.S. dollar is "too strong," which makes it difficult if not impossible for U.S. companies to compete against Chinese...
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Algos Boosted The Euro By 1.6% In Mini Flash Crash
Friday, December 30, 2016 - 10:14am | 256Read More...While American investors and traders were sleeping, the combination of a rush of computer-generated orders and low liquidity prompted a 1.6 percent spike in the euro. Coinciding with the start of the Asian trading day, the euro was trading just below $1.05 but quickly soared as high as $1.0653...
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Pro: The Dow Is A Superior Gauge Of The Sentiment Of The Market
Wednesday, December 21, 2016 - 2:42pm | 318Read More...Jonathan Golub of RBC Capital Markets was a guest on CNBC's "Squawk Box" segment on Monday to talk about the hot topic of the week — Dow 20k. Dow Versus S&P Index Golub started off by stating that the Dow Jones is a superior index to gauge the overall market, even though the index has...
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President-Elect Trump Could Be A 'Shot In The Arm' For Japan And EU
Friday, November 18, 2016 - 3:04pm | 291Read More...Japan's prime minister Shinzo Abe recently met with U.S. President-elect Donald Trump, and the Japanese government described the discussion as marking an "extremely good start" between the two leaders. Mouhammed Choukeir, the chief investment officer of Kleinwort Hambros, told Bloomberg TV that Abe...
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U.S. Dollar Is Benefiting From A 'Perfect Storm'
Friday, November 18, 2016 - 11:19am | 249Read More...Joseph Trevisani of Worldwide Markets was a guest on CNBC's "Squawk Box" segment on Friday and explained why the U.S. dollar is benefiting from a "perfect storm." According to Trevisani, the "perfect storm" consists of: a) the Federal Reserve almost essentially guaranteeing an interest rate...
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Thanks To Brexit, There's An Opportunity In The U.S. Mortgage Sector
Wednesday, September 28, 2016 - 6:38am | 1018Read More...History was made on June 23 when the UK voted to leave the European Union. But Brexit left more questions than answers, especially in the United States and global commercial mortgage investment sector. Case in point: While the prospect of untangling the UK from the European Union may take...
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A Stronger U.S. Dollar Puts Pressure On Gold Prices
Wednesday, August 17, 2016 - 7:07am | 892Read More...Over the last few days we have seen some important news releases, which have pushed up the price of the US dollar against its major counterparts. This in turn normally puts additional pressure on the gold prices.That’s because there is an inverse correlation between these two assets: gold...
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British Pound Outranks Argentina's Peso As Worst Performing Currency
Friday, July 8, 2016 - 2:27pm | 314Read More...The British pound, also known as the sterling, gained 0.34 percent Friday morning — a move that is hardly sufficient to erase its nearly 3 percent decline over the past four trading days; the currency is trading at levels it hasn't seen since the 1980s. The British pound sank immediately...
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Oil Pro: Focus On The Fed, Not OPEC
Wednesday, June 1, 2016 - 9:40am | 237Read More...OPEC nations will gather in Vienna this week but this analyst is more focused on the Federal Reserve. Tamar Essner, NASDAQ Energy Director, was a guest on CNBC early Wednesday morning and explained why she is paying closer attention to the Federal Reserve than the outcome of the OPEC meeting...
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U.S. Dollar Books 7th Consecutive May Gain
Tuesday, May 31, 2016 - 2:56pm | 316Read More...For the fourth year in a row, traders subscribing to the old Wall Street adage “sell in May and go away” are off to a rough start. Barring a massive Tuesday selloff, the S&P 500 is on pace to finish the month of May up about 1.4 percent. While most of the “sell in May”...
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Stakes Have Never Been Higher Headed Into Annual U.S.-China Economic Meeting
Friday, May 27, 2016 - 1:39pm | 379Read More...June 6–7, U.S. and Chinese officials will be sitting down to discuss monetary policy, and the stakes for both nations have never been higher. Last August’s U.S. market selloff and much of the volatility since has been directly tied to worries about the health of the Chinese economy. But...
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Test The Eurozone Recovery With This ETF
Thursday, May 19, 2016 - 4:39pm | 536Read More...The eurozone economic recovery is ongoing. That is a statement some investors may be tired of hearing because they've been hearing it for four or five years now, but data indicate even peripheral eurozone economies are farming though lingering pockets of concern. Although the euro is...
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CNBC: 3 Events Continue To Shape Wednesday's Session
Wednesday, May 4, 2016 - 10:54am | 216Read More...U.S. equities recovered early morning losses on Wednesday after one hour of trading. The Dow Jones index opened for trading at 17,735.02 and hit an intra-morning low of 17,618.66 before climbing above the 17,700-level. CNBC's Bob Pisani highlighted three key themes that continue shaping...
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Asian Stocks Tumble Yet Again, Europe Follows Suit
Wednesday, May 4, 2016 - 7:19am | 231Read More...Asian stocks were mostly lower on Wednesday due to a strengthening of the U.S. dollar and declining oil prices. A stronger U.S. dollar adds pressure to commodity prices, which in turn led to a strong selloff in the commodity heavy Australian market. Australia's ASX index lost 1.47 percent,...














