GBP/USD Rally May Have Peaked, Eurozone’s Outlook & USD Weakness

Sterling’s surge to pre-Covid-19 highs against the U.S. dollar Wednesday, when GBP/USD hit 1.3268 according to FactSet, may not happen again, says ABN Amro. The Dutch bank expects GBP/USD to fall as investors switch to a greater focus on Brexit uncertainty and weaker U.K. data, combined with a less negative sentiment towards the dollar, says […]

AUD Rising while most Asian Currencies Weaken After FOMC Minutes

AUD/USD is likely to continue rallying from near 0.7200 currently to 0.7800 over the next year, CBA says. The pair is already around its highest levels since early 2019. The risk over the medium term is higher commodity prices as China ramps up commodity-heavy infrastructure spending, with iron-ore prices likely to remain above US$100/ton for the […]

The Mobile App Robinhood Is Shaking Up the Stocks Trading Industry

As millions of new traders sign up for the investment app Robinhood, the company is facing scrutiny for enabling some inexperienced users to make risky bets. WSJ spoke with a financial education professional and two Robinhood traders about how the app is shaking up the brokerage industry. Robinhood’s claim to fame is that they do […]

Australia Monetary Policy at Full Throttle, RBA Governor Says

SYDNEY–Reserve Bank of Australia Gov. Philip Lowe said Friday that monetary policy is at, or close to being at full throttle, adding that government spending and structural reforms are needed now to fight off the economic downturn brought on by the Covid-19 pandemic. Speaking before a parliamentary committee on economics, Mr. Lowe said monetary policy […]

The End of Money as We Know It – a Bitcoin Documentary

The End of Money as we Know It examines the meteoric ascent of the revolutionary cryptocurrency which rose from the ashes of the 2008 global financial crisis. As economies, and ultimately people, struggle all over the world, Bitcoin purports to provide an antidote to a world in which money is created irresponsibly by private banks. […]