Boston Metal has been working for a decade to develop, refine and scale technologies for producing metals without less carbon dioxide emissions than the conventional processes. Since 2017, Boston Metal has been specifically focused on manufacturing clean, “green” steel
U.S markets a little softer ( combination of FOMC minutes : staying firm-hawkish, China 'metal chip curbs' perhaps and 'stretched valuation' clearly), RTY notably softer and HK markets about 3% lower again >>> it really is worth noting the FOMO like rally we had into half-year-end and consider..(>>reduce few big winners, take some P, few hedges perhaps) ahead of QT and higher for longer in rates beginning to really make an impact (and no student debt cancellation in the U.S, and thus start to repay debt again), in FXland 1st time in a while CROSSJPY's took a near 1pct hit overnight (momentum there been super strong too, overdone, but clearly tricky timing when shorting these crosses..)
FOMC minutes : A united U.S. Federal Reserve agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further rate hikes would be needed, even as the vast bulk expected they would eventually need to tighten policy further, according to meeting minutes released on Wednesday (...higher for longer)
Chinese smartphone accounted for more than 70% of total sold in Russia in H1 2023
Saxo : Why options strategies belong in every trader's toolbox (new report)
China's rare earths dominance in focus after mineral export curbs
Germany did not listen to warnings about Russia, says Annalena Baerbock
Foreign minister says Ukraine war has changed country’s mindset about ‘chequebook diplomacy’
Germany’s highest court has blocked government plans to hold a vote in parliament this week on a contentious plan to encourage home owners to replace fossil fuel heating systems with cleaner alternatives
Meanwhile in France : L’Assemblée approuve le principe des portables «mouchards»
British billionaire Jim Ratcliffe lambasted the UK’s energy policy, saying “daft” decisions in areas including nuclear power are crushing manufacturing
Belarus' Lukashenko Offers Ukraine, Russia To Start Peace Talks Without Preconditions - Tass >>> will believe it, when I/we see it
Meta has launched its Twitter competitor - Threads
Markets :
FOMC minutes : higher for longer, the one thing to watch now in H2 is credit, HYG etc, next up ADP, US claims, JOLTS and NFP tomorrow
Equity markets : be careful out there, when momentum stops and we hit summer (il) liquidities
FX : USD mixed, but all about CROSSJPY's, similar to Eq, had a monster rally last few months (overdone - btw overdone doesn't mean it's a sell, but it's at least time to be cautious on longs..) >>> EURJPY chart below : overdone
Commods generally have a feel of global economy slowing (PMI all been weaker lately..)
SAXO Q3 outlook : q3-full-report-2023.pdf (home.saxo)
And so it starts !
The end of Twitter as we knew it, probably, but not sure this is a good thing that the likes of #META have so much control over everything we do these days!
Teasing short sellers! not the first time..
Way to go!
EURJPY . just to put a picture of the recent rally in 2023..
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