DXY US Dollar Currency Index
Market jump after Fed rate hike is a ‘trap,’ Morgan Stanley’s Mike Wilson warns investors
Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief U.S. equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic. “The market […]
Read More
This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why
There’s something about the latest crypto crash that makes it different from previous downturns. Artur Widak | Nurphoto | Getty Images The two words on every crypto investor’s lips right now are undoubtedly “crypto winter.” Cryptocurrencies have suffered a brutal comedown this year, losing $2 trillion in value since the height of a massive rally […]
Read More
Charts suggest the euro could see a ‘swift rally’ and lift the market with it, says Jim Cramer
CNBC’s Jim Cramer on Wednesday said that the euro could rise in value in the near future, relying on analysis from DeCarley Trading technician Carley Garner. “The charts, as interpreted by Carley Garner, suggest that the euro’s ready to rebound — if not now then very soon — and I wouldn’t be surprised if she’s […]
Read More
Asia-Pacific markets trade higher ahead of U.S. jobs report
SINGAPORE — Asia-Pacific markets opened higher on Friday as investors look ahead to the release of U.S. jobs data for June. The Nikkei 225 rose 0.54%, while the Topix index gained 0.34%. Australia’s S&P/ASX 200 advanced 0.51%. South Korea’s Kospi added 0.91%, while the Kosdaq was 1.03% higher. The U.S. Bureau of Labor Statistics is set […]
Read More
Euro continues to slide toward dollar parity — and could fall even further
A financial trader monitors data as a television shows euro currency banknotes at the Frankfurt Stock Exchange in Germany. Martin Leissl | Bloomberg | Getty Images The euro dropped below $1.02 this week, continuing its slide to new 20-year lows and potential parity with the U.S. dollar. The euro traded as low as $1.0165 on […]
Read More
Asia-Pacific markets poised to open lower after Wall Street staged a comeback
SINGAPORE — Futures in the Asia-Pacific pointed to a lower open in the region despite Wall Street recovering most of its losses by the close. The Nikkei futures contract in Chicago was at 26,240 while its counterpart in Osaka was at 26,220. That compared against the Nikkei 225’s last close at 26,423.47. In Australia, SPI […]
Read More
The second-half is ‘not looking good’: Strategists on how to weather the market storm
A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters The first half of 2022 was historically dismal for global stock markets, and strategists think there are dark clouds on the horizon and some way to go before the storm blows over. The S&P 500 […]
Read More
Asia-Pacific markets rise; Reserve Bank of Australia decision ahead
SINGAPORE — Shares in the Asia-Pacific traded higher as investors look ahead to the Reserve Bank of Australia’s rate decision. South Korea’s Kospi increased 1.29%, and the Kosdaq advanced 3.25%. SK Hynix jumped 3.37% while Naver rose 3.19%. The Nikkei 225 in Japan gained 0.82%, while the Topix index rose 0.4%. Hong Kong’s Hang Seng […]
Read More
Asia-Pacific markets set to open higher; central bank decisions ahead this week
SINGAPORE — Asia-Pacific futures pointed to a higher open on Monday ahead of Australia and Malaysia central bank decisions this week. The Nikkei futures contract in Chicago was at 26,285 while its counterpart in Osaka was at 26,320. That compared against the Nikkei 225’s last close at 25,935.62. In Australia, SPI futures were at 6,545, […]
Read More
Asia-Pacific markets poised to trade lower; survey on China’s factory activity results ahead
SINGAPORE — Asia-Pacific futures pointed to a lower open on the first day of the new quarter as investors wait for the results of a private survey on Chinese factory activity. The Nikkei futures contract in Osaka was at 26,380. That’s compared against the Nikkei 225’s last close at 26,393.04. In Australia, SPI futures were […]
Read More