STOCK MARKET SNAPSHOT FOR 23/04/2024
NASDAQ-Adv: 2,157 Dec: 2,014 NYSE-Adv: 2,581 Dec: 1,434 (Source: Nasdaq) Traders who bet against the “Magnificent 7” group of big U.S. tech stocks booked their biggest-ever weekly profit of more than...
View ArticleEuro at highest since 2008 on yen, markets nervous about Toyko stepping in
The yen hit fresh multi-year lows against the dollar and the euro on Tuesday, keeping investors on heightened intervention watch ahead of the Bank of Japan’s meeting this week, while dovish policy...
View ArticleAsian shares extend gains ahead of tech earnings, yen fragile
Asian shares extended gains on Tuesday, taking cues from Wall Street as investors’ focus shifts to earnings reportsfrom U.S. tech giants in the week, while a still strong dollar pressured the Japanese...
View ArticleFX Daily: Sterling makes its move
USD: Going steady The dollar has returned to consolidation mode after last week’s run on the upside. Friday’s March core PCE deflator release remains the biggest number of the week and will determine...
View ArticleForlorn dollar sunset theses gather dust
One by one, scenarios of a dollar demise are getting batted away yet again. A source of currency market hand-wringing for decades, tales of the dollar’s decline as the dominant world currency are...
View Article‘Overdue’ pullback in US stocks to test dip-buyers’ resolve
The first sharp pullback for U.S. stocks in half a year is leaving investors wondering whether to buy the dip or hold out for more declines. Following several turbulent weeks, the is down more than 5%...
View ArticleUS bond bulls lean into latest selloff despite inflation scare
A sharp selloff in U.S. bonds so far in April is prompting some investors to consider allocating more funds to the asset class to lock in higher yields ahead of interest rate cuts by the Federal...
View ArticleBankers lose hope of London IPO revival for another year
Banks have mostly given up hope this year will bring a long-awaited recovery in UK IPOs, as stock exchanges within the European Union and Switzerland have so far proved more tempting, senior bankers...
View ArticleYen tumbles vs euro, US dollar as markets on alert for Japan intervention
The yen dropped to multi-year lows against the U.S. dollar and euro on Tuesday, keeping investors on heightened intervention watch ahead of this week’s Bank of Japan meeting, while dovish policy maker...
View ArticleSTOCK MARKET SNAPSHOT FOR 24/04/2024
NASDAQ-Adv: 2,682 Dec: 1,499 NYSE-Adv: 2,990 Dec: 1,043 (Source: Nasdaq) Wall Street’s main indexes advanced on Tuesday as growth and chip shares gained, while stocks like General Motors and Spotify...
View ArticleJapan’s yen slumps, hits 155 per dollar; US currency regains footing
The yen dropped against the U.S. dollar on Wednesday to its weakest since mid-1990, with markets alert to any signs of intervention from Japanese authorities to prop up their currency. As the yen slid,...
View ArticleSTOCK MARKET SNAPSHOT FOR 25/04/2024
NASDAQ-Adv: 3,051 Dec: 1,135 NYSE-Adv: 3,342 Dec: 0,683 (Source: Nasdaq) Wall Street’s main indexes pared early gains to trade lower on Wednesday, as losses in heavyweight tech stocks outweighed...
View ArticleYen’s slide toward 160 level could trigger action, says senior ruling party...
Japan’s ruling party is not yet in active discussion on what yen levels would be deemed worth intervening in the market, though the currency’s slide towards 160 to the dollar could prod policymakers to...
View ArticleYen hits fresh 34-year lows against dollar ahead of BOJ meeting
The yen hit fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday as investors expect a Bank of Japan policy meeting that ends on Friday not be hawkish enough to support...
View ArticleAsian stocks slide on US tech earnings worries; currencies fall
The Philippine peso and South Korean won led losses on Thursday among subdued Asian emerging currencies, while stock markets in the region were pulled lower by a weak tech sector after Facebook parent...
View ArticleFX Daily: When the second decimal place counts
There will be quite a lot of attention on today’s first quarter US core GDP price deflator and what it means for tomorrow’s release of the March core PCE figure. Analysts will be looking at the second...
View ArticleFund offering ‘venture capital’ exposure sends investors on meme-like ride
A new fund that allows shareholders access to privately owned technology companies has sent investors on a wild ride in recent weeks while eliciting criticism from the likes of Morningstar and...
View ArticleThe yen has a yield problem the BOJ can’t easily fix
As the yen plumbs three-decade lows and pressure grows on Japan to intervene or make monetary policy changes, traders figure there is not much Tokyo can do to reverse the currency’s slide while...
View ArticleDollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
The U.S. dollar gained on Thursday after a hotter-than-expected inflation reading for the first quarter, affirming expectations that the start of the Federal Reserve’s easing cycle could be pushed...
View ArticleSTOCK MARKET SNAPSHOT FOR 26/04/2024
NASDAQ-Adv: 1,875 Dec: 2,292 NYSE-Adv: 1,705 Dec: 2,260 (Source: Nasdaq) U.S. economic growth for the first quarter could be revised higher and inflation will ease to more normal levels, Treasury...
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