Author: FX
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
In the final week of the year, there was mixed performance by the major US indices: USA500 closed a tad lower at 3,863; USA100 recorded a 3-week losing streak, closed at 11,038; USA30 was the best performer, ended higher at 33,309. In the last trading week of 2022 and in general in December no ‘Santa Claus Rally’ happened. A research study revealed that a Santa rally would result in the USA500 showing average gains of 10.9% in the year, otherwise there would be an average gain of 4.1% in a ‘non-Santa’ year and tend to imply a potential bearish year.…
Binance CEO Changpeng “CZ” Zhao took to Twitter on Dec. 23 to share his perspective on the reasons behind the recent fear, uncertainty, and doubt (FUD) surrounding the crypto exchange. According to CZ in the thread, Binance’s FUD is primarily caused by external factors – not by the exchange itself. Continue Reading on Coin Telegraph Source link
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 Monday and Tuesday will be officially closed in many centres:Japan and China are officially open on Monday. BOJ Gov Kuroda is speaking:Once again, market liquidity will be very thin. If you are trading, take extra care.I won’t be around today or tomorrow but will pop in from time to time. For Kuroda’s speech, for example (although afterwards rather than live coverage). Have a great break if you are taking one. ADVERTISEMENT…