Yen is finally recovering slightly today, as selloff in bonds ease. That is by no means an indication of reversal. But the Japanese currency should be turning into a consolidation phase after recent massive selloff. Read more…
Stocks are heading lower after strong gains yesterday when the bond market saw a record sell-off on expectations of a more hawkish Fed. Oil prices rise. US futures Dow futures -0.44% at 34700 S&P futures Read more…
Nikkei staged another power full rally today after a gap up, gained 3.00% or 816.05 pts to 28040.16. Export-oriented shares led the rally, with help from recent decline in Yen change rate. Japan Prime Minister Read more…
GBP/AUD’s fall from 1.9218 resumed by breaking through 1.7729 support last today. For now, near term outlook stays bearish as long as 1.8173 resistance holds, next target is 1.7412 low. Current fall from 1.9812 is Read more…
U.S. stocks may struggle to avoid a bond market meltdown Wednesday as investors track comments from Fed speakers amid a broader repricing in interest rate risks in the world’s biggest economy. U.S. equity futures edged Read more…
The Fed’s inflation fight has lifted U.S. mortgage rates to the highest levels in two years, and with more hikes on tap, the cost of buying a home will continue to rise. Updated at 7:48 Read more…
EURGBP’s latest decline traced the lower Bollinger band before unearthing some positive traction from the 0.8300 handle, which is the 61.8% Fibonacci retracement of the up leg from the more than 5½-year low of 0.8202 Read more…
U.S. yields have surged higher again this week to the their highest level since May 2019 after Fed Chair Powell opened the door to a 50bp rate hike at the next FOMC meeting. Sentiments shared Read more…
The USDJPY rose to the highest in six years on Wednesday, in extension of Tuesday’s 1.1% rally (the biggest one-day advance since Nov 10), as dollar continues to benefit from rising optimism on expectations of Read more…
This crypto broker is a very different company a year after its popular direct listing. Direct listings are something of a rage on Wall Street these days. The avoid things like setting the IPO price, Read more…