Gold Price Trading at a Critical Level of Support; XAU Hold or Fold?
Gold weakness continues, and is doing so at an important level of support; watch how price action plays out here.
BOJ to Offer Clearer Guidance on Acceptable Yield Moves
The Bank of Japan will likely insert clearer guidance in its policy statement on what it sees as an acceptable level of fluctuation in longterm interest rates, sources said, in an effort to show it wont tolerate rises that hurt the economy. The move would be part of the BOJs review of its policy tools […]
Bitcoin Futures Open Interest Hits new ATH as Traders Flock to Derivatives
With BTC again edging toward alltime highs, a large volume of money is flowing into the Bitcoin derivatives markets. According to crypto market data aggregator Glassnode, outstanding futures contracts pushed into new alltime highs on March 11, with open interest across exchanges approaching 20 billion. Options have also surged to see record volumes in 2021, […]
EUR Gains despite ECB PushBack on Yields; Canada Employment
Rates as of 0500 GMT Market Recap Well, I was wrong about the European Central Bank ECB meeting. I was even wrong about President Lagardes scarf! she didnt wear one this time. They did take a concrete step to deal with higher bond yields, namely they announced that purchases under their Pandemic Emergency Purchase Programme […]
EM Stocks Set for Best Week in Month; Strong USD Weighs on FX
March 12 Reuters Emerging markets currencies and stocks looked to end a volatile week on a sour note on Friday, with a dollar on the rise dousing risk appetite. MSCIs index of EM stocks fell 0.4 as a pickup in U.S. bond yields pressured risk assets. Gains during Asian hours were erased with a 2.2 […]
Where to invest $1 million right now
Six experts offer investment ideas for a post-pandemic future.
Tennet to Spend 56 bln Euros a Year on Europe Power Grids
TenneT, the largest electrical grid operator in the Netherlands and Germany, said on Friday it planned to invest 5 billion6 billion euros 5.967.15 billion a year to prepare grids for renewable energy and increase connections in north Europe. TenneT, which is 100 owned by the Dutch state, said it would continue talks with the Dutch […]
Rakuten to Sell 8 Stake to Japan Post in Amazon Battle
Japanese ecommerce firm Rakuten Inc said on Friday it would sell an 8.32 stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tieup in the face of competition from rivals such as Amazon.com Inc. Rakuten, which plunged to an operating loss in 2020, is under pressure on multiple fronts as […]
UK Publics Inflation Outlook Holds at 4Year low BoE
The British publics expectations for inflation over the next 12 months held at its lowest level in more than four years, in sharp contrast to a recent rise in market expectations, Bank of England data showed on Friday. Average expectations for inflation over the next 12 months remained at 2.7 its lowest reading since August […]
Japanese Shares Rise on Economic Optimism, Tech Rebound
TOKYO, March 12 Reuters Japanese shares rose for a fourth straight session on Friday, as technology stocks bounced back while expectations that low interest rates and big fiscal spending would continue to support global economic growth kept investor sentiment supported. The Nikkei 225 Index rose 0.76 to 29,434.40 by 0202 GMT and the broader Topix […]