Euro plunged nearly 3% in March with EUR/USD marking fresh yearly lows into the monthly close. Here are the levels that matter on the Euro technical charts.
When investors are stampeding for the exits, it pays to be first out the door. Thats what happened when falling shares in ViacomCBS last week ignited a 20 billion wave of forced selling at the Wall Street banks that cater to Archegos Capital Management, the family office founded by former Tiger Management analyst Bill Hwang. […]
Artificial intelligence companies could become so powerful and so wealthy that theyre able to provide a universal basic income to every man, woman and child on Earth. Thats how some in the AI community have interpreted a lengthy blog post from Sam Altman, the CEO of research lab OpenAI, that was published earlier this month. […]
Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship bond index, starting later this year, setting the stage for billions of dollars of inflows into the worlds secondlargest economy. The index provider also said India and Saudi Arabia were being considered for potential inclusion, and that […]
U.S. financial companies such as universal bank JPMorgan and regional lender Comerica may remain beneficiaries of higher long-term rates, but need those on the short end of the curve to rise to show any significant earnings improvement.
Rates as of 0500 GMT Market Recap JPY weakness continued to be a focus of the market as USDJPY hit the highest its been since March 25th last year almost exactly a year ago. This is despite betterthanexpected data out of Japan the February unemployment rate stayed at 2.9 vs. 3.0 expected and retail sales […]
Global banks may lose more than 6 billion from the downfall of Archegos Capital, sources familiar with trades involving the U.S. investment firm said on Monday, and regulators and investors fear the episode could reverberate more widely. Japans Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives […]