ECB decision time. Fed hiked rates by 25bps, as expected for weeks, bringing fed funds rate to highest since beginning of 2001 >>> next 2 meeting are 'live', that is unchanged expectations as well, JPow keeping options open, got his balanced message across, will follow data etc... when you have wage growth of 5 or 6% it's going to be rather difficult for inflation to fall to 2% (Powell mentioned not before 2025..)>>> high(er) for longer, ECB similar pricing and expectations, BoJ tomorrow and it's more like 50/50 as to what they do or say..(given where inflation is in JPN, they have to tweak YCC but ...)
Israel’s Tech Companies Are Fighting Netanyahu—or Leaving the Startup Nation. As protests rage over Israel’s controversial reforms to the supreme court, many tech companies have been moving their money and headquarters offshore
Worst cardboard-box recession since 2008 could be a sign of broader economic weakness
Microsoft sees AI making ‘gradual’ growth contributions
Stocks will tumble, recession will strike, and dollar dominance is at risk, Thomas Peterffy warns
This GOP candidate and his ideas deserve to be taken seriously/Asa Hutchinson
Bank of Japan meet Friday - BoJ : BNP is expecting the BOJ to widen YCC to +/- 100 bps (from 50), GS and few others joining in the view
Goldman Sachs said hedge fund clients net bought Chinese stocks at the fastest pace in 9 months on Tuesday. It was led by purchases of yuan-denominated A-shares listed in mainland China, followed by Chinese stocks listed in Hong Kong. The buying was muted for ADRs
North Korea's Kim Jong Un will meet with high-level delegations from Russia & China in Pyongyang. Discussions will centre on deepening military ties
Mastercard moves to ban cannabis purchases on its debit cards
China tries to stimulate Private Investment With a $445 billion boost
The world is consuming a record amount of crude, despite talk of shifting away from the fuel. "We use enough crude to fill about 6,500 Olympic-size swimming pools every day:"/thread
Ship fire still rages off Dutch coast - with 3000 cars on board
UFOs and aliens bring a divided US Congress together!
SNAP has paid out a total of $8.2 billion in freshly issued stock (SBC) since its 2017 IPO. The company’s market cap today is $16bn, and it has never showed a profit
Markets :
Equity markets love a bit of lower vol, lower USDollar and softer/flatter curve, Dow notches longest winning streak since 1987 after latest Fed rate hike, META up nearly 10% after the bell.. SPX500 trending higher still, to new highs then, as long as 4300-4400 holds - chart below , HSI Techs 20pct off lows - massively underperforming US lately..>>> softer USDollar is also changing/supporting conf call of big large global corps including big techs..
USDollar softer still/overall going into ECB now, a hawkish Lagarde will be a surprise for markets now (after Knot the other week) and we could easily be right back to 1.12 highs in EURUSD, EURJPY 157-158 key recent tops, USDJPY needs to trade below 138 USDJPY to challenge the USD bulls
Crude and commods firm(er) with softer USDollar, Rice prices in Asia jump to the highest level in more than three years after top shipper India banned a hefty chunk of its exports
Today we discuss the FOMC meeting, which brought the expected data dependency and a complete lack of new guidance, which has allowed the US dollar to continue lower as the VIX pushes back at the cycle lows. Meta reported strong results after the close, helping to take US S&P 500 futures to new highs for the cycle. We look forward to the ECB meeting today and wonder whether Lagarde and company have already pre-empted any ability to surprise with the recent shift to less hawkish rhetoric. The Bank of Japan, meanwhile, can only surprise the market as we are all quite uncertain on their course of action from here
that is not good
And it's expensive, it's great but it'll take time...
Nothing good going on here
Ethereum Technical Analysis - The bulls are watching these support levels | Forexlive few of you were asking - no specific view here, other than 'high-er for longer ' rates + reduction of balance-sheet from CB's should not help this sector
pure coincidence.. ? GB News owner's hedge fund nets millions betting against NatWest (telegraph.co.uk)
good grief
SPX500 - grinding higher, unconcerned about much!
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