Author: FX

Early Wednesday morning in Asia, Reuters came out with the headlines while quoting anonymous US official to suggest that the US is considering new Covid measures for travellers from China. “The US government may impose new COVID-19 measures on travelers to the United States from China over concerns about the “lack of transparent data” coming from Beijing, U.S. officials said on Tuesday” mentioned the news. Market’s optimism fades Following the news, S&P 500 Futures tick down to print the mild intraday losses around 3,852, which in turn allows the US Dollar Index to remain firmer and extend the previous day’s…

The December meeting Summary of Opinions is here, giving more insight into the decision to widen the tolerance band on JGB YCC:Check out that post for the summary points of the Summary. Despite the small, but huge impact, policy tweak there is little in the Summary to indicate any imminent tightening of policy. This is not much of a surprise, but the yen is losing ground regardless:ADVERTISEMENT – CONTINUE READING BELOW Source link

Tesla, Nasdaq 100, Fed, Illiquidity – Asia Pacific Market OpenTesla’s market capitalization no longer towers over its competitionNasdaq 100 sank as Tesla plunged 11.41%, Treasury yields soaredBe wary of volatility as holidays make for thin trading conditions Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Asia-Pacific Market Briefing – Nasdaq 100 Sinks With Tesla as Treasury Yields SoarVolatility roared back to life as risk aversion struck Wall Street in the first trading session after the Christmas holiday break. This is in line with historical performance in the days leading into and after the holiday since 1990. The tech-heavy Nasdaq…

2022 was a massive year for the financial markets as we likely saw a genuine sea change in the economic environment, monetary policy and investor sentiment. Here are our top three takeaways from trading this year, which hopefully contributes to becoming better analysts and risk managers in 2023! Be Mindful of the Market Environment If you’ve been trading or investing for 10 years or less, then 2022 may have been a shock to you. It was the likely end to more than a decade of low inflation/interest rates and hyper-stimulative central bank monetary policies, which generally benefited long-term holders of…

Minerva Surgical stock rises after Accelmed takes controlling stake Source link

Chunumunu Australian biotech Medlab Clinical (OTCPK:MDBBD) (MDLB) has set terms for a proposed $8M US initial public offering. The drug delivery platform developer said that it is planning to offer 1.8M units priced at $4.45 per unit, a price that is subject to change. Each unit would consist of one share plus one warrant to buy one share for $4.45. The deal also includes 1.8M pre-funded units for buyers who would own more than 4.99% of its outstanding stock following the offering. EF Hutton is serving as lead bookrunner. Medlab is seeking to have its shares listed on Nasdaq under…

5/5 © Reuters. FILE PHOTO: Migrants run to hide from the U.S. Border Patrol and Texas State Troopers after crossing into the United States from Mexico, in El Paso, Texas, U.S., December 23, 2022. REUTERS/Jose Luis Gonzalez 2/5 By Nate Raymond (Reuters) -The U.S. Supreme Court on Tuesday left in place for now a pandemic-era order allowing U.S. officials to rapidly expel migrants caught at the U.S.-Mexico border in order to consider whether 19 states could challenge the policy’s end. The court on a 5-4 vote granted a request by a group of Republican state attorneys general to put on…

I posted yesterday on :The other leg of this, allowing Chinese people to travel overseas, was not addressed by the announcement. However, the latest from Chinese state media is that:Chinese citizens’ applications for ordinary passports for tourism and visits abroad from January 8, 2023, said the China’s National Immigration Administration has said it’ll resume processing Chinese citizens’ applications for ordinary passports for tourism and visits abroad from January 8, 2023As China gradually reopens oil and China-proxy trades (AUD AUD The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk…

Nasdaq 100, Dow Jones Industrial Average, Risk Trends Talking Points:The Market Perspective: Dow Bearish Below 32,000Risk appetite is assessed in most of our trading to some extent, regardless of asset and whether we realize our focus it or notI believe the most comprehensive ‘risk’ measure is an evaluation across otherwise unrelated assets, but the Nasdaq 100 – Dow ratio offers its own unique perspective Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast I’m skeptical of a comforting rebound in risk appetite heading into the new year. If you have been active trading or investing in the markets…

zimmytws First Light Acquisition Group (NYSE:FLAG) Co-Chief Executive Officer and Chairman Bill Weber has resigned in the wake of the board’s decision to extend the SPAC’s deadline for consummating a deal to March 14. Weber submitted his resignation on Dec. 21, effective immediately. First Light said the resignation was not the result of any disagreement with the company. Thomas Vecchiolla has been named as First Light’s sole CEO and chairman. First Light announced on Dec. 15 that its board had extended its deadline for completing a business combination to March 14. As a result, the SPAC’s sponsor will deposit $416K…