Author: FX
Despite a bit of a setback over the past few weeks, markets are arguably still sticking with their guns as we look towards next year. It is very much a case of nobody wants to buy what the Fed is selling – at least in terms of pricing and rates.That doesn’t bode well for the dollar outlook, considering what the markets believe will ultimately result in rate cuts some time late in 2023 – which would be a massive tailwind for heavy dollar selling. But are things really going to be that straightforward? More often than not, they never are.What…
Warning: MQBKY is at high risk of cutting its dividend Source link
Warning: SVNLY is at high risk of cutting its dividend Source link
Warning: VALE is at high risk of cutting its dividend Source link
© Reuters. FILE PHOTO: A security surveillance camera overlooking a street is pictured next to a nearby fluttering flag of China in Beijing, China November 25, 2021. REUTERS/Carlos Garcia Rawlins BEIJING (Reuters) – China’s State Administration for Market Regulation (SAMR) has fined China National Knowledge Infrastructure (CNKI) 87.6 million yuan ($12.6 million) for abusing a “dominant market position”, the watchdog said on its website on Monday. SAMR launched an antitrust investigation into the Chinese academic database in May. ($1 = 6.9601 renminbi) Source link
The holiday mood will continue after the Christmas break but that might not mean a pause in the action for stocks ahead of the new year. I’ve highlighted the technical predicament for the S&P 500 for a while now, ever since before we got to the Fed meeting earlier this month here.And that story is continuing to play out for now, with the double-top pattern near 4,100 and key trendline resistance (white line) for the year providing a strong set of technical consideration for sellers to take charge. That resulted in a break back below the 100-day moving average (red…
Most people who are not into forex trading believe that forex trading is something that is very difficult and only the intellectually gifted can do. While it is true that forex trading does require a certain degree of intellect to be able to understand properly, but it is really not that difficult. Forex trading is not exclusive only for the intellectually gifted people who could understand quantitative analysis, macroeconomics and finance. Although many big banks do trade in that manner, retail traders could actually make do with simple trading strategies. It is not our job to guess the fair price…
I reckon the fact that the dot plots revealed that 17 of 19 Fed policymakers are seeing the Fed funds rate exceeding 5% by the end of next year (with no rate cuts projected) says a lot about how unanimous the thinking is at the central bank right now.As such, even a rotation in FOMC voters for next year is very unlikely to shake things up – at least for the first half of the year, in all likelihood. But let’s still take a look at the who’s who in terms of voting members for this year and the change…
3/3 © Reuters. A medical worker provides instructions to a resident at a mobile fever clinic converted from a bus amid the coronavirus disease (COVID-19) outbreak, in Huaian, Jiangsu province, China December 25, 2022. cnsphoto via REUTERS 2/3 By Bernard Orr and Casey Hall BEIJING/SHANGHAI (Reuters) – Mask-wearing Beijing and Shanghai commuters crowded subway trains on Monday, with China’s two biggest cities moving closer to living with COVID-19, as millions have been infected with the virus across the country. After years of ruthless anti-coronavirus curbs, President Xi Jinping scrapped the country’s zero-COVID policy in the face of protests and a…
Hong Kong police arrested two executives of the crypto exchange AAX accused of fraud and misleading the police, according to local media reports. Weigao Capital CEO Liang Haoming and former AAX CEO Thor Chan were arrested on Dec. 23. Local authorities accused them of claiming there was “system maintenance” as an excuse to delay customers from withdrawing assets amid liquidity issues. Continue Reading on Coin Telegraph Source link