Day: 22 June 2020

May Existing Home Sales Likely Hit Bottom

Existing home sales fell for the third straight month in May, but the current month’s data reflects contract signings in March and April at the worst points of the shutdown. It is expected that this may be the bottom for home resales. National Association of Realtors (NAR) chief economist Lawrence Yun said that “sales will […]

BoC’s Macklem: Not Considering Negative Rates

The Bank of Canada (BoC) is not considering negative interest rates and now sees its asset purchase program having a stimulative effect, BoC Governor Tiff Macklem said Monday. Macklem, in remarks prepared for delivery during an online event, said the Bank expects quick job gains as the economy reopens, but growth is likely to slow […]

Sibley Joins TP Icap as Head of FX Hub

Holden Sibley has joined interdealer broker TP Icap as managing director and head of FX Hub, a newly created role, based in New York. Sibley was most recently managing director and head of Americas eFX distribution within the macro division at Barclays, where he spent the past 17 years. Sibley explains that the FX Hub […]

State Street Research Finds Investors Happy with Managers

New research by State Street reveals that irrespective of the market dynamics created by the Covid-19 pandemic, 74 percent of institutional investors in Europe, remain confident in the ability of their asset manager to navigate the crisis. Unsurprisingly, the volatility caused by the crisis has damaged the ability of 66 percent of European investors to […]

Angola Adopts Bloomberg FXGO

The Banco Nacional de Angola (BNA) has adopted Bloomberg’s foreign exchange electronic trading system FXGO and its electronic auction system to bring greater efficiency and transparency to Angola’s FX market. The solutions provide the BNA with real-time visibility of market activity, improving its oversight of Angola’s FX market, and enable the central bank to manage […]

And Finally…

Last week the Mark Johnson case took its latest turn with the filing of a Writ of Certiorari, which effectively asks the US Supreme Court to listen to an appeal against the judgement. This may be the last step along a long and painful road for Johnson, his family and friends, and, indeed, the foreign […]