EUR/USD bulls take a breather around two-week high, pauses two-day uptrend. US dollar recovers on fresh fears of inflation/recession emanating from the US data. Headlines surrounding Russia, anxiety ahead of ECB Forum adds strength to the risk-off mood. US CB Consumer Confidence, comments from ECB policymakers eyed for intraday directions. EUR/USD holds onto the pullback … Read more
Bitcoin (BTC) was a response to the 2008 global recession. It introduced a new way to transact without depending on trust of third-parties, such as banks, particularly failing banks that were nevertheless bailed out by government at the expense of the public. “The central bank must be trusted not to debase the currency, but the … Read more
Notes/Observations – Central banks continued to hike to address inflation (Philippines, Norway in session). Moves recirculate recession concerns and raise second thoughts over rate path trajectories. – Collection of interest rate decisions this morning with both Norway and Philippines hiking 50bps and 25bps respectively, citing inflation as the fundamental target. Indonesia Central Bank left rates … Read more
The stock market rally that began around April 2020 reached the pinnacle in November 2021 and since then the indices are down by almost 20 per cent, with some blue-chip US stocks down by over 30 per cent. While long term investors of quality companies could be making use of this opportunity, some new investors … Read more
Energy stocks are enjoying their best market performance in years. They are also enjoying the best performance on the S&P 500 this year—at least so far. After years of poor earnings, poor market returns, and investors pulling out of oil and gas stocks, conventional energy stocks have come back with a bang. Oil rallied above … Read more