Category: Markets
-
Are investors safe as VIX retraces at record pace? By Investing.com
•
While the dollar is falling at a record pace, Bank of America said in a note on Tuesday that investors may be inclined to breathe a sigh of relief. However, the bank questioned whether the path was really clear yet. After a spike in volatility on August 5, the VIX…
-
BofA notes more balanced G10 FX positioning, flags risks By Investing.com
•
Bank of America (BofA) provided insights into the current state of G10 FX positions, noting that they are more balanced than at the end of Q2. However, the bank also highlighted some continued weaknesses, particularly in hedge funds’ long positions in US dollars. According to Bank of America, demand for…
-
Will the Jackson Hole event be bearish for stocks?
•
I’ve seen a lot of posts about the stock market’s reaction to Powell’s last two speeches at the Jackson Hole Symposium. While it’s true that the market didn’t do well in the following two months, the context today is quite different. In 2022, there’s no need to say why things…
-
Will the Jackson Hole event be bearish for stocks?
•
I’ve seen a lot of posts about the stock market’s reaction to Powell’s last two speeches at the Jackson Hole Symposium. While it’s true that the market didn’t do well in the following two months, the context today is quite different. In 2022, there’s no need to say why things…
-
Remark Holdings Q2 2024 financial results show progress By Investing.com
•
Remark Holdings, Inc. (MARK), a global technology company, reported its financial results for the second quarter of 2024, highlighting a significant contract win with the Clark County School District and an optimistic outlook on future opportunities. The company is transitioning its revenue base from Asia to the U.S., citing political…
-
Remark Holdings Q2 2024 financial results show progress By Investing.com
•
Remark Holdings, Inc. (MARK), a global technology company, reported its financial results for the second quarter of 2024, highlighting a significant contract win with the Clark County School District and an optimistic outlook on future opportunities. The company is transitioning its revenue base from Asia to the U.S., citing political…
-
Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
•
By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
-
Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
•
By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
-
Eurozone June current account balance €51.0 billion vs €36.7 billion prior
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
After yacht sinks off Sicily, search continues for six missing By Reuters
•
PALERMO, Sicily (Reuters) – Rescue teams in Sicily were preparing to resume the search for six people missing, including British businessman Mike Lynch and his daughter, after a violent storm hit a luxury yacht and it sank on Monday, killing one person on board. The British-flagged 56-metre (184-foot) sailing ship…
-
Asia FX muted, dollar at 7-mth low with rate cuts in focus By Investing.com
•
Most Asian currencies rose on Tuesday, while the dollar held at its lowest level in more than seven months amid growing conviction that the Federal Reserve will cut interest rates in September. The dollar’s weakness comes just days before Federal Reserve Chairman Jerome Powell speaks at the Jackson Hole symposium…
-
Daily Broad Market Recap – August 19, 2024
•
Market participants appear to have woken up on the right side of the bed this week, as the risk-on mood led to strong gains for stocks and high-yielding currencies on Monday. How did the rest of the asset classes perform? Let’s take a look at the latest headlines and market…
-
Daily Broad Market Recap – August 19, 2024
•
Market participants appear to have woken up on the right side of the bed this week, as the risk-on mood led to strong gains for stocks and high-yielding currencies on Monday. How did the rest of the asset classes perform? Let’s take a look at the latest headlines and market…
-
The Trump-Harris debate for 4 September will no longer take place
•
This is what Trump himself confirmed here: “Comrade Kamala Harris just informed us that she will not be participating in the Fox News debate on September 4th. I am not surprised by this development because I sense that she knows that it is very difficult, at best, for her to…
-
Seven & i shares give up some gains after Couche-Tard bid By Reuters
•
TOKYO (Reuters) – Shares of Japan’s Seven & I Holdings Inc fell about 6 percent in morning trade on Tuesday, giving up some of their gains the previous day when they were boosted by news of a takeover bid from Canada’s Alimentation Couture. Although the value of the offer was…
-
TA of the Day: Is EUR/USD’s Steep Ascent Setting Up for a Reversal?
•
The US dollar is falling sharply, causing the EUR/USD pair to rise. The dollar’s weakness has fueled dovish comments from Fed officials, especially on the gradual approach to interest rate cuts. This sentiment is supported by recent US economic data (covered in our weekly summary) which points to a decline…
-
PBOC is expected to set the USD/CNY reference rate at 7.1317 – Reuters estimate
•
The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or RMB).…
-
Trump says he may end EV tax credit; is open to naming Elon Musk as an adviser By Reuters
•
By David Shepardson YORK, Pennsylvania (Reuters) – Republican presidential candidate Donald Trump said on Monday that if elected he would consider ending the $7,500 tax credit for electric vehicles and would be open to appointing Tesla Inc Chief Executive Elon Musk to a cabinet or advisory position. “Tax credits and…
-
New Zealand data, July trade balance -963m (prior +585m)
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
Wall St ends higher, extending rally ahead of Jackson Hole By Reuters
•
By Steven Kolb NEW YORK (Reuters) – U.S. stocks rose on Monday, posting their biggest weekly percentage gain this year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium. The tech-heavy Nasdaq led all three major U.S. stock indexes to a higher close, helped…