The US dollar ended the day unevenly across the FX board, despite Wall Street resuming its decline and trimming all Wednesday’s gains. Treasury yields remained stable, with the 10-year note yielding 3.75% and the 2-year note 4.17%.Gold trades near its weekly high at the $1,664 level, while crude oil prices …
Read More »Financial Markets’ Weekly Recap, September 19-23
Capital controls and currency intervention will be among tools emerging Asians can use if rapid US interest rate hikes and the surging dollar force the risk of falling in a debt crisis. So, it is appropriate and helpful to compose the comprehensive picture of financial assets’ performance, last week from …
Read More »Dollar reaches its highest level in two decades with Putin’s announcement of partial mobilization
The dollar index (DXY00) on Monday fell -0.04%. The dollar also gave up an early advance and fell slightly after stocks recovered from overnight losses and moved higher, which curbed liquidity demand for the dollar. Earlier on Monday, the American currency rose moderately after the 10-year T-note yield climbed to …
Read More »US dollar edges lower as stocks reclaim ground
The dollar index (DXY00) on Monday fell -0.04%. The dollar also gave up an early advance and fell slightly after stocks recovered from overnight losses and moved higher, which curbed liquidity demand for the dollar. Earlier on Monday, the American currency initially rose moderately after the 10-year T-note yield climbed …
Read More »Have Cryptos, Stocks Reacted Differently To FOMC Minutes?
The US central bank is continuing its efforts to tame inflation with interest rate hikes and Wednesday’s FOMC minutes have showed that the committee members agreed on the necessity of keeping interest rates higher as a means of combating inflation. Markets were cool in the hours leading up to the …
Read More »Tesla shares trade at $906 during Wednesday’s crash
Tesla stocks trade at $906, down by 1.4% at the time of writing. Tesla encounters a kind of selling pressure on Wednesday’s US session. Shares, earlier on the day, were trading down 1.7% at $903.84 about 55 minutes into the session, having opened at $910.19, traded as high as $917.34 …
Read More »US Stocks Boosted By Growth Shares Gains
The US stocks ended higher on Monday, adding to recent robust gains, with megacap growth shares rising as US Treasury yields eased. Shares of Apple Inc and Microsoft Corp were among the biggest boosts to the S&P 500 and Nasdaq.According to preliminary data, the S&P 500 gained 15.94 points, or …
Read More »China leads losses in Asia as geopolitical tensions escalate
China led Asian market losses on Tuesday, August 2nd, amid geopolitical tensions in the region due to a supposed visit of US House Speaker Nancy Pelosi to Taiwan. The Shanghai Composite Index fell 1.55% and the Japanese Shenzhen Index decreased by 1.48% at the close of trading The Hang Seng …
Read More »Nikkei halts 7-day rally and falls at close
Japan’s Nikkei snapped a seven-day winning streak on Monday, dragged down by a decline in Wall Street in the previous session. Investors awaited US gross domestic product data and this week’s Federal Reserve meeting. The Nikkei index fell at the close 0.77 percent to close at 27,699.25 points, retreating from …
Read More »Inflation in Japan jumps to its highest level since 2015 to 2.2%
Japan’s headline inflation gauge rose over the past month, exceeding the 2% target level set by the Bank of Japan. The CPI growth rate, excluding fresh food, accelerated to 2.2% in June annually. This came as energy cost inflation was exacerbated by the weak yen and higher processed food prices. …
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