May 2022 – Page 46 – UAG Trade Asia

ARKK Pummeled as Tech and Growth Stocks Tank, Nasdaq 100 Extends Sell-Off

U.S. Treasury yields rise on Friday and weigh on sentiment, sparking a sell-off in tech and growth stocks, with the ARKK ETF falling more than 4% to its lowest level since early April 2020.

Nasdaq 100 Long-term Chart Very Bearish, Market Darlings Failing

The NDX is well off its highs, but the long-term chart suggests that a much more significant decline is in progress.

May 6, 2022
Finance
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Trading in SOFR futures continues to benefit from elevated uncertainty about inflation and as the Federal Reserve prepares to hike interest rates further.

May 6, 2022
Finance
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The first few months of 2022 have made it clear that exchange-traded funds are well-positioned for another record year.

May 6, 2022
Oil
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U.S. plans to buy back 60 mln barrels for emergency stockpile U.S. Senate committee passes antitrust bill pressuring OPEC LONDON, May 6 Reuters Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply. Brent […]

May 6, 2022
Finance
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Rates as of 0500 GMT Market Recap GBP was in the spotlight yesterday. The Bank of England hiked 25 bps to 1, a 13year high, as expected. It also confirmed that it will start selling some corporate bonds from September and consider selling gilts later in the year and thereby reducing its balance sheet. Furthermore, […]

May 6, 2022
Finance
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The dollar index renewed its highs in almost 20 years, surpassing 104, as crucial US currency rivals one by one lost buyer support. Suddenly the dollar was a safe haven of last resort. In 2018 and 2020, the dollar was approaching current extremes amid a total selloff in equities and commodities. But in those years, […]

Euro Leaps as British Pound Sinks and Rate Hikes Rattle Markets. Where to For EUR/GBP?

The Euro managed to avoid a rout as the US Dollar took flight on Fed hawkishness that pummelled Sterling. Will EUR/GBP continue to make new highs?

May 6, 2022
Finance
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Russian rouble gains around 6 versus dollar and euro Closes at 66.30 vs dollar, strongest since March 2020 Currency hits 69.80 vs euro, a more than 2year high Cenbank39;s capital controls buoying Russian currency May 4 Reuters The Russian rouble jumped on Wednesday to a more than twoyear high against both the dollar and euro, […]

May 6, 2022
Finance
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BENGALURU, May 5 Reuters Indian shares closed on a flat note on Thursday, giving up gains from earlier in the session, as the rise in information technology and metal stocks was offset by losses in realty and banks. The NSE Nifty 50 index was up 0.03 at 16,682.65, while the SP BSE Sensex rose 0.06 to 55,702.23, […]

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ARKK Pummeled as Tech and Growth Stocks Tank, Nasdaq 100 Extends Sell-Off

Nasdaq 100 Long-term Chart Very Bearish, Market Darlings Failing

Volatility boosts SOFR trading ahead of LIBOR `drop-dead’ date

ETFs continue to grow, adapt and evolve

Oil Rises as Supply Concerns Persist

GBP Down on BoE Wavering, USD gains as Ultimate safehaven

Dollar as a Safe Haven of Last Resort

Euro Leaps as British Pound Sinks and Rate Hikes Rattle Markets. Where to For EUR/GBP?

RUB Leaps to over 2Y High vs USD, EUR as EU Ups Sanctions

Indian Shares Muted as Realty Offsets IT, Metal Gains

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