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Finance 0
Why Bonds Aren’t Overvalued
Doug Kass wrote a very interesting piece this week on the bond market: “As overvalued as I believe the U.S. stock market may be, fixed-income instruments may be even more overvalued. Yesterday the 10-year note was yielding 2.21% — the lowest yield since last Nov. 11 — and the long bond’s yield is down to 2.88% after weak core consumer price index (CPI) and retail sales were released on Good Friday, when the markets were closed. This decline in yield and rise in bond prices may be the last opportunity for a generation to sell fixed-income positions. Indeed, bonds may now represent the single most overvalued asset class extant.” ... -
Finance 0
Canadian Banks Are Your Friends
About a month ago, TD Bank (TD.TO)(TD) was caught doing naughty things. They have been accused of pushing employees selling products clients don’t really need A bank pushing product sales? Nah, never gonna happen, right? To be honest, I laughed when I read that news. Many journalists jumped on this story and explain the world all banks are evil and tries to make money from clients… Well, this is pretty much the concept of a bank; in fact, we want them to make money. Why it’s a good thing banks make money For those who are still frustrated because they pay fees or because their bank manager refused them for a loan, I can tell you; ... -
Finance 0
Is The Recent Divergence Between Soft And Hard Data Unusual?
Judging by media, blogosphere, and Wall Street reports in recent weeks, it’s tempting to assume that the so-called soft economic data – surveys of spending plans, expectations, etc. – have become disconnected from reality, defined by the hard data, such as payrolls, sales, and production. Morgan Stanley, for example, recently advised that “there is a record gap between the strength of ‘hard’ and ‘soft’ US macro data.” But the devil’s in the details for quantifying this divide. In the case of Morgan Stanley’s provocative claim, the smoking gun is derived from the hard and soft components in the Bloomberg US Economic Sur... -
Finance 0
Technical Levels For Majors And Crosses – Post Easter Edition
Markets are back from the Easter holidays and they are in full swing, with the pound standing out. What levels should we look out for? The two videos below discuss lines of support and resistance for both majors and crosses: Technical levels for major pairs – ahead of the French elections. Lines of support and resistance for the major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD and USD/CHF. Video length: 00:06:09 Technical levels for crosses – ahead of the French elections. Lines of resistance and support for the following crosses: EUR/CHF, EUR/GBP, EUR/JPY, GBP/JPY and we also top it off with WTI Oil. Video length: 00:03:... -
Finance 0
HelloPay To Be Rebranded Into Alipay Following HelloPay, Ant Financial Merger
HelloPay Group, which runs the helloPay payment platform on online shopping and selling site Lazada, and Ant Financial Services Group, parent company of Alipay, a mobile and online payment platform in China, jointly announced a merger between helloPay Group and Ant Financial. Because of this merger, helloPay will be rebranded as Alipay Singapore, Alipay Malaysia, Alipay Indonesia and Alipay Philippines in the respective market it is operating in starting April 19. After the merger, helloPay team became part of Ant Financial and Ant Financial will be operating the rebranded helloPay. The rebranded helloPay will continue to provide payment serv... -
Finance 0
HelloPay To Be Rebranded Into Alipay Following HelloPay, Ant Financial Merger
HelloPay Group, which runs the helloPay payment platform on online shopping and selling site Lazada, and Ant Financial Services Group, parent company of Alipay, a mobile and online payment platform in China, jointly announced a merger between helloPay Group and Ant Financial. Because of this merger, helloPay will be rebranded as Alipay Singapore, Alipay Malaysia, Alipay Indonesia and Alipay Philippines in the respective market it is operating in starting April 19. After the merger, helloPay team became part of Ant Financial and Ant Financial will be operating the rebranded helloPay. The rebranded helloPay will continue to provide payment serv... -
Finance 0
Europe And S&P Futures Higher, Dollar Drops As OPEC Talks Oil Up
European stocks rose amid earnings beats, offsetting weakness in the energy sector and easing investor concerns ahead of the weekend’s French election. Asian shares and U.S. futures also rise. The dollar weakens against the euro and most crosses, while crude oil rebounds following renewed OPEC chatter of a production cut, this time with Saudi Arabia seemingly onboard. World stocks eked out small gains on Thursday, with the MSCI’s world stock index up 0.13 percent, as investors resisted risky bets ahead of the first round of the French presidential election over the weekend. Oil prices, which fell sharply on Wednesday on supply news, r... -
Finance 0
Euro Leads European Currencies Higher On French Election Optimism
The Japanese Yen underperformed as investors’ mood brightened in Asian trade, with most regional shares rising and the standby anti-risk currency dutifully heading the other way. The US Dollar likewise fell, erasing the previous session’s recovery. Curiously, the greenback sank even as firming sentiment bid up Treasury yields, which had been a supportive dynamic just yesterday. Perhaps traders have concluded that the coast is clear enough to reach further out along the risk, particularly as first-quarter slowdown fears undercut the case for Fed tightening. Indeed, the Australian and New Zealand Dollars enjoyed healthy gains. ... -
Finance 0
French Elections Poll Still Show Macron Leading With 23% – EUR/USD Unconvinced
Yet another “no change” and “too close to call” daily poll by Opinionway: Macron is first with 23%, Le Pen second with 22% and the next two are Fillon with 20% and Melenchon with 19%. In the second round, Macron holds on to the wide margin of 30 points with 65% to 35%. However, Fillon loses some ground to Le Pen, leading 57% to 43%. The polling group releases the daily poll every day at 10:00, while IFOP does it at 16:00. The elections are held on Sunday, April 23, in three days and the markets are focusing on this huge event. #presitrack 20/04 EM 23% (=) MLP 22% (=) FF 20% (=) JLM 19% (=) BH 8% (=)@LesEchos @ORPI_France @radioclassi... -
Finance 0
Sterling Surges On Early Election Announcement
Bank Holiday Ends with A Bang The week following a long, holiday weekend in the UK was far from quiet as UK PM Theresa May made a shock announcement that she would be calling an early election on the 8th June. This latest vote will mark the fourth important, public voted for the UK in as many years. Although the PM had previously stated on several occasions that there would be no early election until 2020, she argued that the divisions in parliament were disrupting the government’s Brexit agenda and it would be for the benefit of the British people to resolve them by way of an election. In accordance with the Fixed Term Parliament Act, the ...
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