Author: FX
U.S. energy equities weathered the bear market like champs in 2022! So, will we get more of the same in 2023? What’s been driving the rally and what are the risks to it in the upcoming year? Energy Select Setor SPDR ETF (XLE) Energy Select Sector SPDR ETF (XLE) by TradingView With another likely slow week ahead of the new year, we’re taking another look at a potential longer-term setup, this time in Energy Select Sector SPDR ETF (XLE). This is an exchange traded fund with holdings in companies across the U.S. energy sector like Exxon Mobil Corp., Chevron Corp.,…
3/3 © Reuters. Smoke rises from apartment buildings damaged from missile strikes, as Russia’s attack on Ukraine continues, during intense shelling on Christmas Day at the frontline in Bakhmut, Ukraine, December 25, 2022. REUTERS/Clodagh Kilcoyne 2/3 By Pavel Polityuk KYIV (Reuters) -A drone believed to be Ukrainian penetrated hundreds of kilometers through Russian airspace, causing a deadly explosion at the main base for Moscow’s strategic bombers in the latest attack to expose gaps in its air defences. Moscow on Monday said it had shot the drone down causing it to crash at the Engels air base, where three service members…
This is a big policy change from China, a major step toward fully reopening travel with the rest of the world.Currently, arriving passengers must quarantine for five days at a hotelthen followed by three days at homedown from a full 3 week quarantine periodChina’s National Health Commission announced on Monday that there would be no more quarantine requirement. people arriving in China will still need a negative virus test 48 hours before departurepassengers will be required to wear protective masks on boardADVERTISEMENT – CONTINUE READING BELOW Source link
I posted on this yesterday, doing so again (with a minor change to the day of course). ICYMI, I posted last week on the holidays in major FX centres in Asia this week. The whole week is going to be more or less a holiday, but Tuesday will be officially closed in many centres:There is data due from Japan today (November jobs & retail sales), check out the economic calendar here for timing, expected and priors. Once again, market liquidity will be very thin. If you are trading, take extra care.I won’t be around today but will pop in from…
Klaas Knot is head of the Dutch central bank. The Financial Times (gated) reported that Klass forecast a series of hikes in the first half of 2023.Via Reuters:”The risk of us doing too little is still the bigger risk,” “We are just at the beginning of the second half.”with five policy meetings between now and July 2023, the ECB would achieve “quite a decent pace of tightening” through half percentage point rises before borrowing costs eventually peaked by the summerADVERTISEMENT – CONTINUE READING BELOW Source link
© Reuters. FILE PHOTO: A plane sits on the airfield as flight cancellations mount during a cold weather front as a weather phenomenon known as a bomb cyclone hits the Upper Midwest, at Midway International Airport in Chicago, Illinois, U.S., December 22, 2022. REUTE By Kanishka Singh WASHINGTON (Reuters) – Thousands of flight cancellations and delays coupled with long lines and missing luggage at airports frustrated U.S. travelers over the Christmas weekend after a massive winter storm snarled airport operations around the country. The travel disruptions continued into Monday when airlines canceled over 2,500 flights as of early afternoon, according…
FreshSplash/E+ via Getty Images U.S. retail sales rose 7.6% Y/Y this holiday season as retailers provided steep discounts which lured consumers hunting for the best deals, according to a report released by Mastercard (NYSE:MA) on Monday. The data was published by Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment and excludes automotive sales. E-commerce continued to be a major driver, growing 10.6% Y/Y and making up 21.6% of total holiday retail sales, which was up from the 20.9% last year and the 20.6% in 2020. “This holiday retail season looked different than years past,”…
Defrost Finance ‘Hacked’ for $12 Million, Security Firms Call it a Rug Pull Defrost Finance said it lost $12 million in two hacks last week. Blockchain security firm PeckShield says community intel suggests it was a rug pull. Certink said that Defrost Finance hack was an “exit scam.” The DeFi protocol Defrost Finance suffered a hack that lost its users approximately $12 million. The attack raised suspicion among some security analysts, saying that the hack was actually a rug pull. On Sunday, blockchain security firm PeckShield cited community intel that warned them about the rug pull. The firm said the…
Ryan Spiering/iStock via Getty Images The collapse of embattled cryptocurrency exchange FTX (FTT-USD) has frayed investor confidence in the industry and its credibility. While many crypto companies fell victim to the resulting contagion, banks that deal with digital assets have also been impacted. According to a recent S&P Global report, such banks have seen an increase in crypto-related deposit outflows. And this trend is expected to continue, given crypto volatility after the FTX collapse. Crypto lender Silvergate Capital’s (NYSE:SI) crypto deposits fluctuated by over $5B in a given quarter twice this year. Metropolitan Bank (NYSE:MCB) reported a 7.2% sequential decrease…
Searchlight Pharma to acquire Nuvo Pharmaceuticals or Miravo Healthcare Source link