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Goldman Sachs bets against the dollar on ‘blue wave’ prospects and vaccine outlook

Goldman Sachs bets against the dollar on ‘blue wave’ prospects and vaccine outlook

Traders work at Goldman Sachs booth on the floor of the New York Stock Exchange in New York.

Scott Eells | Bloomberg | Getty Images

Goldman Sachs has recommended short-positions against the U.S. dollar, arguing that the risks arising from vaccine trials and the U.S. election are skewed to the downside for the greenback.

In a note to investors Friday, Goldman analysts said they saw “low…

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Why populist world leaders are fearing a Trump election loss

Why populist world leaders are fearing a Trump election loss

People participate in a pro-Trump rally on October 11, 2020 in Ronkonkoma, New York.

Stephanie Keith | Getty Images News | Getty Images

The upcoming U.S. election is being keenly watched by world leaders who have looked to President Donald Trump for favor and friendship, and who share his political ethos.

If he fails at the election, political experts believe other leaders who espouse…

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Chinese shoppers spend big during the Golden Week holidays — a sign consumption is on the mend

Chinese shoppers spend big during the Golden Week holidays — a sign consumption is on the mend

People wearing face masks walk along Qianmen street to shop during the country’s national “Golden Week” holiday in Beijing on October 5, 2020.

Noel Celis | AFP | Getty Images

BEIJING – Chinese tourists shopped more in their home country during the latest “Golden Week” holiday, as the coronavirus pandemic kept millions from traveling overseas.

From Oct. 1 to 8, duty-free sales in the…

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China hands out $1.5 million of its digital currency in one of the country's biggest public tests

China hands out $1.5 million of its digital currency in one of the country’s biggest public tests

A Chinese clerk counts renminbi yuan banknotes at a bank in China on December 2015.

Jie Zhao | Corbis News | Getty Images

GUANGZHOU, China — China has started one of the biggest real-world trials for its digital currency as it pushes closer toward creating a cashless future.

Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5…

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Euro Rebound Susceptible to Weak Fundamentals, Dovish ECB

Euro Rebound Susceptible to Weak Fundamentals, Dovish ECB

EUR/JPY, EUR/USD, European Central Bank, Euro-Area Inflation, Covid-19 Second Wave – Talking Points:

The US Dollar and Japanese Yen clawed back lost ground during APAC trade as investors mulled the breakdown in US fiscal negotiations.

A weakening fundamental backdrop could force the ECB to act sooner rather than later as disinflationary pressures continue to build.

EUR/USDrates at risk of…

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Mallinckrodt files for bankruptcy protection amid U.S. opioid litigation

Mallinckrodt files for bankruptcy protection amid U.S. opioid litigation

The Mallinckrodt Pharmaceuticals sign at the company’s offices in St. Louis.

Whitney Curtis | AP

Mallinckrodt filed for bankruptcy protection on Monday, saddled with lawsuits alleging it fueled the U.S. opioid epidemic and after it lost a court battle to avoid paying higher rebates to state Medicaid programs for its top-selling drug.

The company listed both assets and liabilities in the…

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APAC Stocks Weekly Outlook: Dow Jones, Hang Seng Index, ASX 200

APAC Stocks Weekly Outlook: Dow Jones, Hang Seng Index, ASX 200

DOW JONES, HANG SENG, ASX 200 INDEX OUTLOOK:

Dow Jones futures edged lower amid stimulus and political uncertainties

Hang Seng Index (HSI) surged 1.4% as Shanghai gained, challenging a key resistance at 24,450

Australia’s ASX 200 index ranged at around 6,100, upward momentum slowed

Dow Jones Index Outlook:

Dow Jones futures are trading slightly lower at Asia mid-day hours, as profit-taking…

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Gold Price Recovers to Push RSI Indicator Out of Downward Trend

Gold Price Recovers to Push RSI Indicator Out of Downward Trend

Gold Price Talking Points

The price of gold trades to fresh monthly highs as growing speculation for another round of US fiscal stimulus drags on the Greenback, and the precious metal may continue to retrace the decline from the record high ($2075) as the Relative Strength Index (RSI) breaks out of the downward trend carried over from August.

Gold Price Recovers to Push RSI Indicator Out of…

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Los Angeles Lakers win NBA title, capping league's coronavirus bubble season

Los Angeles Lakers win NBA title, capping league’s coronavirus bubble season

The Los Angeles Lakers pose for a team photo with the trophy after winning the 2020 NBA Championship over the Miami Heat in Game Six of the 2020 NBA Finals at AdventHealth Arena at the ESPN Wide World Of Sports Complex on October 11, 2020 in Lake Buena Vista, Florida.

Mike Ehrmann | Getty Images Sport | Getty Images

The dynamic duo of LeBron James and Anthony Davis lifted the Los Angeles…

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Fauci says comments in Trump ad taken 'out of context' and used 'without my permission'

Fauci says comments in Trump ad taken ‘out of context’ and used ‘without my permission’

Dr. Anthony Fauci, Director of the National Institute for Allergy and Infectious Diseases testifies at a House Subcommittee on the Coronavirus Crisis hearing on Capitol Hill on July 31, 2020 in Washington, DC. Force.

Kevin Dietsch | Pool | Getty Images

White House coronavirus advisor Dr. Anthony Fauci said Sunday that a new Trump campaign ad takes his comments “out of context” and used his…

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Here's what you need to know about Amy Coney Barrett's Supreme Court confirmation hearings

Here’s what you need to know about Amy Coney Barrett’s Supreme Court confirmation hearings

U.S. Judge Amy Coney Barrett, who has been nominated to the U.S. Supreme Court, on Capitol Hill in Washington, September 30, 2020.

Sarah Silbiger | Pool | Reuters

The confirmation hearings for Judge Amy Coney Barrett will kick off Monday despite criticism from Democrats about the event possibly being unsafe because of the Covid-19 pandemic.

The hearings before the Senate Judiciary…

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Japan stocks set to trade lower; investors watch Chinese yuan following central bank moves

Japan stocks set to trade lower; investors watch Chinese yuan following central bank moves

SINGAPORE — Stocks in Asia-Pacific were mixed in Monday morning trade, as investors watch movements in the Chinese yuan.

In Japan, the Nikkei 225 slipped 0.28% in early trade while the Topix index shed 0.17%. South Korea’s Kospi, on the other hand, rose 0.41% as shares returned to trade following a Friday holiday.

Meanwhile, shares in Australia were little changed, with the S&P/ASX 200above the…

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US Dollar May Weaken Further: USD/SGD, USD/IDR, USD/MYR, USD/PHP

US Dollar May Weaken Further: USD/SGD, USD/IDR, USD/MYR, USD/PHP

US Dollar, Singapore Dollar, Indonesian Rupiah, Philippine Peso, Malaysian Ringgit – Talking Points

US Dollar weakened versus ASEAN FX on fiscal stimulus bets

Declines may persist if policymakers inch closer to a package

ASEAN event risk: Bank of Indonesia, MAS, Singapore GDP

US Dollar ASEAN Weekly Recap

The haven-oriented US Dollar weakened last week against ASEAN currencies such as the…

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NZD/USD Weakness to Abate as RSI Breaks Out of Downward Trend

NZD/USD Weakness to Abate as RSI Breaks Out of Downward Trend

New Zealand Dollar Talking Points

NZD/USD pushed to a fresh monthly high (0.6673) amid growing hopes for another round of US fiscal stimulus, and recent developments in the Relative Strength Index (RSI) indicate a larger recovery in the exchange rate as the oscillator breaks out of the downward trend established in September.

NZD/USD Weakness to Abate as RSI Breaks Out of Downward Trend

NZD/USDb…

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Auction market on an upsurge

Auction market on an upsurge

Australia’s auction markets showed signs of growth last week, with volumes almost double that of the previous week, the latest figures from CoreLogic revealed.

The analytics firm tracked 1,167 auctions across the country’s capital cities, rising from 648 the previous week. However, the number is lower than the 2,022 homes taken to auction in the same period last year.

Sydney registered its…

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High-crime suburbs are performing well

High-crime suburbs are performing well

High-crime suburbs in Sydney and Melbourne have outperformed the rest of their cities’ respective housing markets, according to new data from RiskWise Property Research.

According to the study, the median house price in Sydney has grown by 69.2% over the past 10 years. However, capital growth rates in all 10 high-crime areas in the city have surpassed that of Greater Sydney.

The south-west…

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How to stage your home for sale

How to stage your home for sale

Home-staging is one of the most effective ways to maximise your property’s value without the need to break the bank. An expert shares some useful tips on how to make your home attractive to potential buyers.

When selling a property, creating a positive first impression is one of the most crucial keys to success. A well-kept home that emanates warmth is very attractive to potential buyers…