Author: FX
With only a few days left in 2022, it is time to look ahead to some possible themes to watch in the next year, as well as our usual round of outlandish predictions for 2023. But first, let’s revisit some of our brief thoughts on 2022 and see how they played out. 2022 Calls Review: USD & CHF dominate, JPY crushed In last year’s “Quick and Wacky Predictions for 2022“, we said that “inflation and pandemic issues will likely remain top trading themes for playas in any market to watch in the first half of 2022” and that USD and…
LiveOne confirms PodcastOne spin-out plan, will explore spinning SlackerOne Source link
Recognized as one of the most turbulent years for the cryptocurrency and blockchain industry, 2022 has still been vigorous for the metaverse. With over $120 billion invested in the first half of the year alone — according to a McKinsey report — the industry is anything but broken. Some of the most significant partnerships to date were sealed throughout 2022, with even a few unexpected institutions — JP Morgan, for instance — embracing the Web3 revolution despite their proverbial distaste for the decentralization concept.Click “Collect” below the illustration at the top of the page or follow this link.Continue Reading on…
Indices Talking Points:There’s one trading day left in 2022 after today’s session, and it’s time to start looking into 2023 market themes.The S&P 500 set its current all-time-high on the second trading day of 2022 and it was a bearish outing since, with a net move of about -20% in S&P 500 futures. But there were multiple twists and turns along the way.The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Recommended by James Stanley Get Your Free Equities Forecast The door…
The major European stock indices are close in the day higher and rebounding from declines seen yesterday:German DAX, +0.97%France’s CAC +0.97%UK’s FTSE 100 +0.15%Spain’s Ibex +0.68%Italy’s FTSE MIB +1.17%in the European debt market, the benchmark 10 year yields are modestly lower:European 10 year yields are lowereA snapshot of the US stock market as European traders look to exit shows:Dow up 375 points or 1.14%S&P up 68.47 points or 1.82%Nasdaq up 270 points or 2.65%ADVERTISEMENT – CONTINUE READING BELOW Source link
Japanese Yen among top performers on Thursday despite higher equity prices. US Dollar turns negative as Wall Street soars. USD/JPY is ending a four-day positive streak with a 1% loss. The USD/JPY broke below the 133.45/50 zone after the beginning of the American session and tumbled to 132.90, a two-day low. The pair remains under pressure, hovering around 133.00, down 1% so far for the day. The decline took place amid a weaker US Dollar across the board hit by an improvement in risk sentiment. US bond yields remained steady. The Dow Jones was rising by more than 300 points…
US natural gas inventory fall greater than expected Source link
© Reuters. EV Santa Claus rally muted in China as subsidies expire By Michael Elkins China’s new electric vehicle penetration was largely muted in December despite several auto brands announcing promotional campaigns and a decent sales recovery for passenger vehicles, following the easing of quarantine/mobility restrictions and testing requirements. J.P. Morgan analysts noted that the usual peak season rally is not happening for the year despite this being the last year of China’s long-running NEV subsidy program. The analysts wrote in a note, “The NEV penetration rate is estimated to remain stable at ~32%. While NEV sales continue to increase…
KEY POINTS: Recommended by Zain Vawda Get Your Free Oil Forecast Most Read: The Importance of Liquidity in Forex TradingWTI FUNDAMENTAL OUTLOOKCrude Oil declined around 2.5% in the Asian session as markets fear a rise of Covid cases following China’s relaxation of its Covid zero policies. The European session did bring some respite with a modest bounce from Asian session lows around $76.78 a barrel to trade around $77.80 a barrel.China’s relaxation of Covid zero policies saw oil prices rally significantly over the past few weeks but the recent rise in cases had seen concern grow globally. The fear is…
USDJPY 30 minsUSD/JPY is at a session low, down 120 pips to 133.29 as part of a broad US dollar selloff. The decline has extended since the release of an in-line jobless claims number.It’s all about flows at this time of year as market participants position for 2023. S&P 500 futures are now up 30 points to 3836, or 0.8% in a strong rebound from yesterday’s slump.Bond market trading is thin but there’s some pain there for the US dollar with US 10-year yields down 3 bps to 3.85% on the day.The claims data is the only thing on today’s…