Nasdaq 100 Leads Markets Higher as FAANG, Chipmakers Outperform
Nasdaq 100 components outperformed on Thursday, as chipmakers and FAANG names carried equities higher.
Nasdaq 100 components outperformed on Thursday, as chipmakers and FAANG names carried equities higher.
The Turkish Lira plunge weighs on EMFX through the sentiment channel, causing moderate losses for the Mexican peso, but contagion and spill-over should be limited in the near-term.
AUD/USD fell overnight after a better-than-expected US retail sales report lifted Treasury yields. Meanwhile, natural gas prices surged following a regulatory spat of Europe’s Nord Stream 2 pipeline.
Recent price action raises the scope for a larger correction in crude oil as it fails to defend the opening range for November.
Market pricing for the BOC and RBA has relaxed over the past week while the outlook for the RBNZ remains extremely aggressive.
The move above the November 2017 high (114.74) may push USD/JPY towards the March 2017 high (115.50) as it breaks out of a bull flag formation.
The SARB expectedly raised interest rates to 3.75% from 3.5% previously although the MPC were split on the decision. Rand depreciation seems like the primary influence for the hike. Markets shrug o…
Macy’s and JD.Com report positive earnings, Alibaba misses expectations and lowers forecast for remainder of the year
The US is pushing China, India, and Japan to release some of their strategic oil reserves to drive down the cost of oil.