China’s PBOC announce to cut foreign exchange reserve ratio of financial institutions by 100 basis point, from 9.00% to 8.00%. The move is to improve the ability of financial institutions to use foreign exchange funds, Read more…
Cable falls further in early Monday, hitting the lowest since Sep 2020, extending Friday’s 1.5% drop (the biggest daily fall since 18 Mar 2020) and last week’s 1.64% loss (the biggest weekly fall since mid-Aug Read more…
The Japanese yen recorded another losing week, a seventh straight if you’re counting. USD/JPY is slightly lower at the start of the week, trading at 128.26 in the European session. The Bank of Japan meets Read more…
The S&P 500, which lost 5% in a peak-to-trough slump at the end of last week, is set for further declines Monday amid a broad retreat from global risk markets. U.S. equity futures slumped lower Read more…
“We are pleased with our first quarter results as our company continues to execute effectively in a highly dynamic and uncertain operating environment,” said CEO James Quincey. Coca-Cola (KO) – Get Coca-Cola Company Report posted stronger-than-expected Read more…
The markets in China were in free fall today on fears on the impact of the spread of coronavirus, and more importantly, imposition of strict covid zero policy and lockdowns. Beijing is the believed to Read more…
Twitter is in ‘advanced’ takeover talks with Elon Musk, the Wall Street Journal reported, but billionaire Tesla CEO isn’t likely to budge from his “best and final”” offer of $43 billion. Twitter (TWTR) – Get Read more…
Bitcoin declined by 2.3% over the past week, ending it at around $39.5K. Ethereum lost 3.9%, while other leading altcoins in the top 10 fell from 2.2% (Solana) to 10.5% (XRP). The exception was Terra Read more…
The Euro fell further on Monday, extending weakness below the temporary base that was formed at 1.0757 during past two weeks. Fresh weakness emerged after last week’s limited recovery was strongly rejected and daily candle Read more…
Steep fall off 0.7661 (Apr 5 spike high) extends into fourth consecutive week, following last week’s acceleration that resulted in weekly loss of 2%. Fresh weakness in early Monday hit the lowest in nine weeks Read more…