Day: 20 March 2020

US Existing Home Sales Surge, But Cliff’s Edge is Near

NAR’s Yun Downplays Above-Expected Sales, Cites Slower March Traffic US home resales surged in February, rising by 6.5% to a 5.77 million annual rate, the strongest in 13 years and well ahead of expectations for a 5.51 million pace. But any positive momentum to be found in the February jump is blunted by the reality […]

Central Banks Coordinate on Further US Dollar Liquidity

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to further enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements. To improve the swap lines’ effectiveness in providing US […]

Market Associations Stress the Importance of Keeping Markets Open

A group of financial market trade associations have issued a statement highlighting the importance of keeping US markets open. There have been suggestions in some quarters that the authorities may seek to curb the excess volatility of recent weeks by curtailing trading hours or even closing markets. The associations are; the Managed Funds Association, US […]

Currency, Crypto, Managers Outperform in February

Data from BarclayHedge shows that while CTAs generally returned -0.31% in February, currency and crypto managers were the strongest performers, achieving positive results. The BarclayHedge Currency Traders Index was up 2.2% in February with 85% of funds reporting results, this means the Index is up 3.45% for the first two months of 2020, the second […]

Market Fear Peaks Too Early? Infection Rate Higher

White House Watch updates on investigational drugs, therapies and markets. US stock indices started flapping in what seemed to be a changing wind Thursday, improving even in the face of rapidly worsening counts of coronavirus infection combined with surging oil prices. The day’s charts showed the oscillating path of trading as stocks erratically sketched a […]