According to Stuart Bennett, head of G-10 currency strategy at Santander, the miss in UK retail-sales data may add to doubts over the future path for Bank of England monetary policy.
Sam Woods is deputy governor of the Bank of England, and head of the Prudential Regulation Authority Speaking in the UK parliament: – 5,000 to 10,000 UK finance jobs at risk on Brexit day oneDetails
Brainard in Washington – Warns of growing pro-cyclical pressures, including rising asset prices and leverage – Too early to revisit bank capital rules – Appropriate to require banks to build a counter-cyclical capital buffer She managed to make a speech about bank capital into something moderate hawkish. That’s an accomplishment.Details
There’s always someone who takes the joke seriously Drawing funny things on technical analysis charts is, well, funny. Forget trendlines and moving averages, you need the occasional dinosaur:Details
CEO says it will take too many resources The New York Attorney General sent 13 major cryptocurrency exchanges a list of 34 question this week (). The AG wanted details on ownership, policies, fees, internal controls, procedures and customer protection among other things with a May 1 deadline.Details
Based today at trend line and 100 day MA The USDCHF is surging higher today and in the process is trading above its 200 day MA at 0.9656. The pair got a boost today after basing near the 100 day MA at 0.9584 (the low reached 0.95802 before quickly reversing), and a lower trend line…Details
And moves to within 100 pips of the SNB depeg level of 1.2000 Way back in January 2015, the SNB surprised the market and pulled the rug out of the pegging of the EURCHF at 1.2000 level. The price plunged (there are numerous lows). Three+ years later the price traded within 70 pips of the…Details
German Dax up big despite weak ZEW economic sentiment index today The German ZEW economic sentiment index came in weaker than expectations, but that did not stop the German Dax from having a strong gain in trading today. It rose 1.64% and led the charge in the European indices today.Details