GBP News 

GBP/USD Forecast November 18-22 – Pound rises despite soft British data

“Despite this weak reading, second-quarter GDP posted a gain of 0.3%, just shy of the forecast of 0.4%” writes Kenny Fisher for forexcrunch.com. After posting gains of more than 5% in October, the pound has been swinging in both directions in November.Finally, retail sales declined by 0.1% in October, shy of the forecast of 0.2%. Source: forexcrunch.com

Read More
News 

EUR/USD Forecast: Potential selling opportunity Kudlow’s optimism, bearish technical outlook

“Are the US and China on the verge of signing a trade deal?” writes Yohay’s Google Profile for forexcrunch.com. Without confirmation from Trump, optimism may erode – the same happened in early November when a Chinese announcement of an upcoming deal was met with silence.See US October Retail Sales Preview: Consumers keep faith with the economy Overall, trade headlines, stimulus speculation, and US data are set to determine euro/dollar’s path today.It is followed by 1.1125, which served as support when the pair traded at the high ground two weeks ago.…

Read More
News 

US retail sales rose a modest 0.3% in October

“The Commerce Department said Friday that retail sales rose 0.3% in October, rebounding from a 0.3% drop the previous month” writes The Associated Press for seattletimes.com. Walmart reported a strong sales increase in its third quarter Thursday, boosted by a huge 41% increase in online sales.Grocery stores and general merchandise retailers, which includes stores such as Walmart and Target, also said that sales increased. Source: seattletimes.com

Read More
Brokers News 

KVB PRIME Gains Key UK Influence by Sponsoring Major Finance Conference

“KVB PRIME, a globally reputable online trading broker, is delighted to announce that the Finance Magnates London Summit 2019 was a great success” writes Finance Magnates Staff for financemagnates.com. KVB PRIME (UK) Limited is a UK-based electronic trading brokerage firm founded in 2014.As an FMLS sponsor for 2019, UK-based online trading company KVB PRIME received substantial interest from clients and experts alike; the company’s executives showcased their cutting-edge array of online forex trading platforms. Source: financemagnates.com

Read More
News 

U.S. retail sales rebound in October, but a small group of stores reap most of the gains

“If autos and gasoline are excluded, sales rose a scant 0.1%, with almost all of that gain coming from Internet retailers” writes Jeffry Bartash for marketwatch.com. Internet retailers also reported a nearly 1% increase in sales while receipts at auto dealers and grocers both climbed 0.5%.Retail sales increased 0.3% last month, the government said Friday, matching the forecast of economists polled by MarketWatch.The increase in sales was concentrated in just a few segments, however. Source: marketwatch.com

Read More
Crypto News 

Institutional Investors Want These 3 Things Before Jumping Into Crypto

“Moderated by DataDash founder Nicholas Merten, the panel covered the role of institutional investors within the crypto world, and the challenges these investors face in entering the crypto space” writes Agustin Beltramino for cointelegraph.com. The other panelists agreed that these are essential catalysts, suggesting that institutional interest in crypto investing is growing day by day.We are registered in the British Virgin Islands and have our headquarters in Singapore — the Singaporean government is open to crypto and blockchain technology.Jasper Lee said, “Which country is better really depends on what kind…

Read More
News Platforms 

Nike to pull its products from Amazon’s e-commerce platform, ending 2-year pilot program

“Athletic retail giant Nike will stop selling its products on Amazon, ending a two-year pilot program” writes Nat Levy for geekwire.com. Nike had long avoided selling directly on Amazon, but in July 2017 it changed course, announcing plans to offer “a limited Nike product assortment,” on the e-commerce platform. Source: geekwire.com

Read More
News 

Wells Fargo’s head of cards and retail services has taken a job at Equifax. The bank told us who’s filling in, but said it hasn’t named a permanent replacement yet.

“Wells Fargo’s head of cards and retail services left the bank and taken a job at Equifax, and the bank has not yet named a permanent replacement” writes Shannen Balogh for businessinsider.com. Wells Fargo had tapped Anderson to run cards and retail services in August 2017.That falls under the broader cards and retail services she was running more recently. Source: businessinsider.com

Read More
News 

Trump’s tariffs will ‘scorch’ growth in 2020 and job losses are likely, says UBS

“The usual seasonal rise in retail bankruptcies in late Q1 will likely be notably larger in 2020 reinforcing the rise in job losses.”” writes Finanzen Net Gmbh for businessinsider.com. “The retail sector will have substantial difficulty passing on the additional costs of the tariffs without falling sales.”Already this year the manufacturing sector is being hurt, with job growth decelerating,” the note said.UBS says that tariffs will “scorch” US growth in 2020.The US economy is already slowing in part due to President Donald Trump’s tariff war with China hampering global growth. Source:…

Read More
News 

Qurate Retail Surpasses Q3 Earnings Estimates

“Qurate Retail (QRTEA) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.34 per share” writes Zacks Equity Research for nasdaq.com. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Qurate Retail was mixed.Qurate Retail, which belongs to the Zacks Internet – Commerce industry, posted revenues of $3.09…

Read More