NZD Falls as Consumer Confidence Slows
The New Zealand dollar continues to lose ground. In the European session, NZD/USD is trading at 0.6715, down 0.39% on the day. The currency ended last week on a sour note, falling 0.89%. New Zealand consumers pessimistic There is a...
Asia Starts With Risk-off Sentiment, Yen Crosses Take a Dive
A holiday shortened week starts will risk-off sentiment. Selloff in notable in Japan with Nikkei back below 28k handle, while HK HSI also hits the lowest level this year. In the currency markets, Yen is currently the strongest one for...
Market Morning Briefing: USDCNY Rose To 6.3833 Before Falling Off From There
STOCKS Dow has room to fall down to 35000 before we see a rise again while Dax can bounce from 15500 towards 15900. Nikkei has come down sharply today and is bearish to see a fall towards 27000. Shanghai can...
‘Cash could be your friend’: Wilmington Trust sees a deeper pullback providing better opportunities for investors
The stock market’s volatility jump may be in its early stages. Despite a bullish 2022 outlook, Wilmington Trust’s Meghan Shue expects the wild swings to ramp up as investors digest a less accommodative Federal Reserve and assess new risks tied...
Kickstarter, Discord and others are raving about ‘Web3.’ Their users give them a reality check
Chris Ratcliffe | Bloomberg | Getty Images When Kickstarter unveiled its ambition to develop a blockchain-based crowdfunding system, the company characterized the move as a way to push creators closer to their audiences. “Backers should be able to easily discover...
Chinese electric car start-up Nio reveals a new sedan, augmented reality glasses
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio BEIJING — Chinese electric car company Nio revealed Saturday a new sedan and custom augmented reality (AR) glasses that reduce the need for in-car screens. Augmented reality...
Dollar Stands Tall after A Week of Central Bank Surprises
It was a very volatile week full of central bank surprises. Fed indicated that there would be as many as three rate hikes next year. BoE surprised by raising the Bank Rate. Even ECB turned out to be less dovish...
Weekly Economic & Financial Commentary: Hawkish Fed Steals the Show
Summary United States: Hawkish Fed Steals the Show, but Supply Issues Persist Behind the Scenes The more hawkish tone coming out of the Fed’s latest policy meeting was the main event grasping markets’ attention this week. But in other news,...
Week Ahead: Omicron in Focus as Holidays Begin
The last two weeks of the year are typically reserved for holidays and slow markets as much of the world is away from their desks after wrapping up the year. Indeed, many market participants finished trading a bit early this...
What Does Surprise BOE and Less Dovish ECB Mean for US Dollar Index (DXY)?
The Bank of England surprised markets AGAIN on Thursday with a hike in interest rates to 0.25%. (Recall at their last meeting they left rates unchanged when a hike was expected.) In addition, the ECB was slightly less dovish as...
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