Headlines:Markets:JPY leads, NZD lags on the dayEuropean equities mixed; S&P 500 futures down 0.2%US 10-year yields down 3.1 bps to 4.505%Gold up 0.2% to $1,963.67WTI crude down 0.7% to $76.10Bitcoin down 1.1% to $37,215It was a rather slow session as markets are...
Alibaba shares down in pre-market as Jack Ma’s family plans to sell down shares
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ECB’s Lagarde says Europe’s financial system has avoided worst-case scenario
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US futures stay rather muted so far on the day
Even if we are seeing a lack of follow through after the Tuesday moves, equities are still in a comfortable spot. US futures are little changed and flattish today but it doesn't distract from the strong gains already posted so far this week. All three major indices in...
Cryptocurrency Adoption in Africa
Cryptocurrency adoption has been steadily growing in various parts of the world, with Africa emerging as one of the regions showing significant potential for its expansion. In recent years, countries across Africa have witnessed a surge in the interest and usage of...
Cryptocurrencies and Their Regulation Features
Cryptocurrencies have gained significant traction in recent years as a revolutionary form of digital currency. They operate on decentralized networks, commonly known as blockchains, which ensure secure and transparent transactions. However, due to their disruptive...
Cryptocurrency Crimes in Financial Markets
Cryptocurrencies, such as Bitcoin and Ethereum, have gained significant popularity in recent years. With their decentralized nature and potential for high returns, they have attracted the attention of both legitimate investors and criminals. Unfortunately, as the use...
Xi told Musk that he supports Tesla’s development in China
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ECB’s Centeno: Interest rates will not desirably return to zero
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
BOE’s Greene: I am not thinking about rate cuts
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Market Update – November 16 – Stocks rally fizzles out
Profit-taking on overbought conditions was the general rational after bond bulls overzealously brought forward Fed rate cuts to the spring, and aggressively priced in 50 bps in easing by mid-year. The mixed signals from the data on retail sales, PPI, and the Empire...
Major currencies little changed as dollar pauses at critical point
It's all looking rather tentative so far in European morning trade, as major currencies are not showing much appetite. The dollar is mostly little changed, with only the kiwi lagging against the rest of the majors. This comes as stocks are also mixed and little...
Investors still bearish on most Asian currencies, latest Reuters poll shows
The poll is one that reflects what analysts and fund managers believe are the current market positioning for emerging market currencies in Asia. The latest snapshot reveals that short positions have eased in most Asian currencies but the dollar is still very much well...
Mixed start for European stocks as US futures remain flat
Eurostoxx flatGermany DAX +0.3%France CAC 40 -0.1%UK FTSE -0.1%Spain IBEX +0.4%Italy FTSE MIB +0.1%It's a mixed and more tentative start to the session for European stocks, following the gains from yesterday. US futures are also little changed and flattish, not...
FX option expiries for 16 November 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones being for EUR/USD at 1.0800 and 1.0850, which are likely to help keep price action more contained in between the two levels before rolling off later in the day. A quieter European morning...
Limited workability amid a lack of key economic releases in Europe later
Once again, the dollar is proving to be a bit more resilient than expected after the rough aftermath to the US CPI data on Tuesday. USD/JPY came close to testing 150.00 yesterday before rebounding back to 151.30 currently while we are seeing the likes of GBP/USD and...
GBP/USD backs away after nearing key technical resistance this week
GBP/USD daily chartThe highs this week were seen near 1.2500 and that is just under the 100-day moving average (red line) at 1.2509 currently. But that is enough for sellers to keep their composure after having endured a poor showing on Tuesday after the US CPI data....
AUD/USD to go back to the drawing board?
The pair looked poised for a break higher this week, running up above the 0.6500 level as well as the 100-day moving average (red line) in trading yesterday. But despite bullish attempts by buyers to seal such a breakthrough, they are being dealt a massive technical...
China is ready to be a partner and friend of the US, says Xi
There is plenty of room for US-China cooperationThe door of US-China relations cannot be shutThe world needs China and US to work togetherHave reached important consensus with Biden to enhance people-to-people exchangesChina has no intention to challenge the USUS...