USD/JPY, Yen analysis FX intervention rhetoric shifts up a gear USD/JPY completely ignores the decline in US-Japan bond spreads to trade higher The markets appear to be calling the Japanese officials’ bluff as every level of intervention has been surpassed since the 2022 interventions The analysis in this article uses chart patterns and key support … Read more
After briefly being anointed king of the stock market, Nvidia has been hit hard. While that could be a warning sign for investors concerned that this year’s rally has relied too heavily on a few big tech names, there are many ways to avoid bubble-like prices while staying broadly invested. Last Tuesday, Nvidia briefly passed … Read more
A few months after opening a non-compliance case against Apple and the Digital Markets Act (DMA), the European Commission has shared its preliminary findings with Apple. And the bottom line is that the current App Store rules violate the DMA. Confirmed violations of the DMA can result in fines of up to 10% of global … Read more
London Tunnels, which aims to transform an abandoned underground network into a tourist attraction, has abandoned plans to set up operations in the capital and has instead opted for a stock exchange listing in Amsterdam. The company wants to turn the Kingsway interchange tunnels, an 8,000 square meter network under Holborn in central London, into … Read more
Some questions about candlestick patterns for leading tech names have led me to focus on possible downside targets for the S&P 500. Because if the mega-cap growth stocks start to falter, it could be a dangerous summer for our growth-dominated benchmarks. This week we saw bearish candlestick patterns for major technology names, with Nvidia Corp … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on January 22, 2024 in New York City. Michael M Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open updates investors with everything they need to know, … Read more
General view of the Bank of England building in London. Sopa images | Light rocket | Getty Images It keeps the central bank’s policy rate at a 16-year high of 5.25%, where it has been since August 2023. Seven members of the Monetary Policy Committee voted in favor of maintaining it, while two members favored … Read more
LONDON — Britain had some reason to celebrate Wednesday morning as headline inflation hit the Bank of England’s 2% target for the first time in almost three years. But the print only served to convince further traders that an interest rate cut is not imminent. Money market pricing at 11am in London implied only a … Read more
Money market pricing at 11am in London implied just a 5% probability of a bank rate cut at Thursday’s BOE meeting – after registering stronger odds earlier in the week. Bets on an August cut were also cut to around 30%. While 2% inflation is an important milestone – not least as UK politicians set … Read more
LONDON — British fintech company Zilch said Wednesday it has raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that will help the company triple revenue in coming years and move closer to an initial public offering. The company, which offers shoppers the ability to purchase items and pay … Read more