Samsung’s new Wallet will keep payment cards, car keys, and cryptocurrency accounts in one place. | Image: Samsung First, there was Samsung Wallet. Then it became Samsung Pay. Now, because time is a flat circle, Read more…
Samsung’s new Wallet will keep payment cards, car keys, and cryptocurrency accounts in one place. | Image: Samsung First, there was Samsung Wallet. Then it became Samsung Pay. Now, because time is a flat circle, Read more…
Market movers today Markets will continue to digest the FOMC meeting yesterday while focus turns to meetings in Bank of England (BoE) and SNB today. We look for BoE to hike the Bank Rate by Read more…
A relief was what I expected after the Federal Reserve’s (Fed) fully priced decision to hike the rates by 75bp yesterday, but a rally is what happened. Nasdaq jumped 2.5% and the S&P500 recovered 1.5%. Read more…
Daily Pivots: (S1) 0.9899; (P) 0.9974; (R1) 1.0017; More… Intraday bias in USD/CHF is turned neutral again as it lost momentum ahead of 1.0063 resistance. On the upside, firm break of 1.0063 will resume larger Read more…
US stocks recovered overnight after Fed delivered the 75bps rate hike as market priced in, while Dollar and yields retreated. Asian markets are mixed with some weakness seen in Hong Kong HSI. For the week, Read more…
The cryptocurrency market tries to catch its breath after days of endless crashes. The cryptocurrency market needs a break. After days of continuous tumble, the prices of digital currencies seem to want to take a Read more…
SNB and BoE rate decisions are the next focuses for today. SNB is expected to policy unchanged today but start turning up a hawkish tone, setting the stage for the first rate hike in 15 Read more…
Australia employment rose 60.6k in May, better than expectation of 25.0k. Full-time jobs rose 69.4k while part-time jobs dropped -8.7k. Unemployment rate was unchanged at 3.9%, above expectation of 3.8%. Participation rate rose 0.3% to Read more…
New Zealand GDP contracted -0.2% qoq in Q1, much worse than expectation of 0.6% qoq. StatsNZ said: “Primary industries drove the decrease in GDP, down 1.2 percent in the quarter. Goods producing industries also experienced Read more…