The Asian markets are generally quiet today, with the expectation in China. The Shanghai SSE reversed earlier losses and surged before the break, with talks of buying by the “national team”. But Yuan’s decline continued Read more…
Offshore Chinese Yuan hit a new record low against Dollar today, recent depreciation continued. That’s second straight session of decline after President Xi Jinping secured a tradition-breaking third consecutive leadership term on Sunday, unveiled a Read more…
RBNZ Chief Economist Paul Conway said annual inflation rate of 7.2% was “obviously too high”. But, he added, “we expect to see inflationary pressures easing going forward” and “are hopeful that it has peaked.” The Read more…
Key Highlights GBP/USD is correcting higher above the 1.1250 resistance. A key contracting triangle is forming with resistance near 1.1380 on the 4-hours chart. EUR/USD is slowly moving higher towards the 1.0000 resistance. Bitcoin price Read more…
When is the Bank of Canada meeting? The Bank of Canada interest rate decision meeting will be held on Wednesday, October 26th, 2022 at 10:00 ET. BOC Governor Macklem will follow with a press conference Read more…
The ECB will have its hands full when it meets on Thursday to discuss interest rate policy. Headline inflation in the Euro Area jumped from 9.1% YoY in August to 9.9% YoY in September. This Read more…
A video shows the CEO performing his one responsibility at a Formula One race and social media agrees it did not go well. Red Bull Racing came away with Formula One history on Oct. 23, Read more…
The drug developer finally agreed to a takeover offer from its majority shareholder after rejecting advances earlier this month. Persistence really does pay off after all. Women’s health drug specialist Myovant Sciences (MYOV) – Get Read more…
Chinese spies thought they had recruited an ally, and then found out he was working both sides. TikTok has recently been under fire for its involvement in an alleged plot to gather data on U.S. Read more…