Author: FX

Share: Friday‘s S&P 500 intraday reversal higher didn‘t last into the close even if bonds favored that. The odds though remain heavily stacked against the buyers – from negative money supply growth, LEIs down for 14 months in a row, ISM data, yield curve, tight Fed, Treasury replenishing TGA, greedy sentiment, bank reserves likely to decline as reverse repos won‘t be enough for boosting TGA, sharply up bankruptcies vs. year ago, tax collection down some 20% YoY, tight bank lending standards, rising credit card debt, strain in leading job market indicators – or the narrow leadership that‘s not…

© Reuters. A man walks near a board showing currency exchange rates of U.S. dollar against the Russian rouble in in Saint Petersburg, Russia June 24, 2023. REUTERS/Anton Vaganov NEW YORK/LONDON (Reuters) -Investors were watching for ripple effects from the aborted mutiny in Russia, with some expecting a move into safe havens such as U.S. government bonds and the dollar when markets open later on Sunday. Heavily armed Russian mercenaries led by Yevgeny Prigozhin, a former ally of President Vladimir Putin and founder of the Wagner army, advanced most of the way to Moscow after capturing the city of Rostov…

Warning: ICL is at high risk of cutting its dividend Source link

5/5 © Reuters. Fighters of Wagner private mercenary group pull out of the headquarters of the Southern Military District to return to base, in the city of Rostov-on-Don, Russia, June 24, 2023. REUTERS/Stringer 2/5 ROSTOV-ON-DON/VORONEZH, Russia (Reuters) – Heavily armed Russian mercenaries who advanced most of the way to Moscow halted their approach, de-escalating a major challenge to President Vladimir Putin’s grip on power, in a move that their leader said would avoid bloodshed. Yevgeny Prigozhin, a former Putin ally and founder of the Wagner army, said his men reached within 125 miles (200 km) of the capital on Saturday.…

Schwab Fundamental U.S. Small Company Index ETF declares quarterly distribution of $0.1850 Source link

straga/iStock via Getty Images U.S. liquefied natural gas developers are on track to win approval of three new export projects capable of processing 5.1B cf/day of gas in this year’s first half, a record volume for new LNG projects in any year. The new developments put the U.S. on track to export 12.1B cf/day this year and 12.7B cf/day next year, which would push the U.S. even further ahead in its role as the world’s largest LNG producer and exporter. “We expect global LNG demand to grow from 399M tons in 2022 to 627M tons by 2035, more than a…

The CEO of the Securities and Futures Commission (SFC) of Hong Kong, Julia Leung Fung-yee, addressed Hong Kong’s embrace of Web3 regulation following the collapse of crypto exchange FTX in November 2022, stating that crypto trading is an important part of the virtual asset ecosystem. During the speech, Leung reportedly explained that the new licensing system for virtual asset providers would ensure that investors are protected while considering the risks that financial institutions face. In her view, incorporating virtual assets providers into the regulatory system was the only way to embrace innovation and strengthen market trust after FTX’s bankruptcy. Continue…

USD/JPY ANALYSISWill Fed Chair Powell continue is hawkish rhetoric?US economic data awaits as global slowdown concerns grow.145.00 on the cards for USD/JPY bulls? Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROPThe Japanese Yen has had a tough time last week and heads into the week on an overall weaker note due to Fed Chair Jerome Powell’s hawkish Testimony as well as Friday’s decline in Japanese CPI. Falling inflation will make it difficult for the Bank of Japan (BOJ) to shift from its ultra-loose monetary policy but changes to Yield Curve Control (YCC) is still a…

The Kremlin says Yevgeny Prigozhin will leave for Belarus is a deal that was brokered by Belarusian President Alexander Lukashenko. He agreed to leave the country in exchange for charges being dropped.Kremlin spokesman Dmitry Peskov also said that Wagner fighters who didn’t take part in the uprising will sign contracts with the Ministry of Defense while those who did take part won’t be charged.There was no word on changes as the Ministry of Defense but earlier rumours suggested Shoigu would be replaced.Peskov said Putin will not make any further comment on the issue and the invasion of Ukraine will continue…

In May, (BTC) posted its first monthly loss since December 2022 with a negative 6.98%. However, this consolidation was not obviously driven by a change in fundamentals or the broader macroeconomic environment. The crypto market was looking for direction and liquidity in this phase before the United States Federal Reserve announced a pause on the rate hiking cycle in June. Many indicators, such as the futures market and VC investment, point to an optimistic underlying sentiment. But while traditional markets and tech stocks were able to continue their rally in May, actual price action in the crypto market remained suppressed…