Vipshop: What to expect after Archegos is liquidated?

The latest news from Credit Suisse following the Archegos Capital liquidation incident is that it has once again sold its stocks related to the fund, with a total value of more than 2 billion US dollars, including as many as 14 million Vipshop stocks. In […]

US Open – Live Analysis after IMF lifts global growth forecasts

IMF lifts global growth forecasts, but warns of divergence. The IMF sees global growth at a record 6% this year, following a -3.3% contraction in 2020. A very strong rebound in the US is a key reason, but while growth in the US and indeed […]

EURGBP – Highest daily close for 2021

Sentix GmbH recorded the highest increase in consumer confidence in the entire Eurozone since August 2018. Although slow vaccine launches and the third wave were the main reasons for the Eurozone’s gloom, there is a basic factor playing a role in a different growth trajectory, […]

Market Update – April 7 – USD & Yields softer, CAD even weaker

Market News Today – US Equities closed flat, USD (2-week lows) and 10-yr yields cool further. JPY sees new financial year bid, EUR, GBP also flat – CAD & AUD crosses weaker. USOil remains under $60.00, Gold holds at $1735. EU unemployment rose unsurprisingly & […]

Midweek Market Podcast – April 7

The Market Week – April – Week 1 HotForex · Midweek Market Update – April 7 The focus of attention once again this week is on the Bond market, as the US 10-year treasury yield reversed from 1.76% to 1.63%, which also pulled the USD […]

Market Update – April 8 – USD Remains at lows

Market News Today – US Equities closed flat, USD (new 2-week lows) and 10-yr yields cool further. FED mins. supported lower for longer mantra, benign inflation concerns and no scaling back of support until recovery is clear. US Trade deficit at record, increasing by 4.8%, […]

Live Analysis ahead of Powell!

US equity futures are mostly higher, but only modestly so as the sluggish, consolidative trade that has been in place since the USA30 and USA500 closed at fresh record highs on Monday persists. Indeed, reflation trades appear to have paused for now, as the market […]

Market Update – April 9 – USD & Yields heading for Weekly loss

Market News Today – US Equities higher (USA500 hit new intra-day ATH 4098) USD weakness continues as 10-yr yields dip to 1.632%. Powell talked of “brighter outlook”, Bullard & Kashkari: “Fed in no rush to raise rates”. Daly – Bullish on recovery but Fed “we […]

Dollar steadier as Sterling continued to underperform

Wall Street closed with broad gains after further assurance from Fed Chairman Powell that the central bank can continue to support the economy without stoking inflation. Concerns about a pick up in prices, weighed on sentiment in China, however, after data showed the fastest rise […]

Events to Look Out for Next Week

Retail Sales (EUR, GMT 06:00) – Retail sales are expected to confirm the contraction seen at the start of the year at -5.9% m/m, more than anticipated originally, but hardly a surprise after dismal German data. New lockdown measures clearly were the main reason for […]