The Asian stock markets witnessed a boost as they reached a seven-month peak, in alignment with global peers. Investors were optimistic due to the possibility of a rate easing cycle led by major central banks which ultimately kept the dollar and Treasury yields subdued. Despite this positive sentiment, Japan stood out as it was speculated
admin
The upcoming US Jobs Report is expected to have a significant impact on the USD/JPY exchange rate. Economists are forecasting an increase in nonfarm payrolls and a steady unemployment rate, but a decrease in average hourly earnings compared to the previous month. Aside from the statistical data, market participants will need to pay close attention
Skechers U.S.A. Inc., a prominent footwear company, recently settled charges with the Securities and Exchange Commission (SEC) for its failure to report certain financial transactions involving executives and their relatives. The SEC highlighted that between 2019 and 2022, Skechers did not meet disclosure requirements concerning related person transactions. This lack of transparency included undisclosed payments
New York Community Bank recently disclosed losing 7% of its deposits in the month leading up to a major announcement of a $1 billion-plus capital injection from investors, with former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital leading the charge. This significant loss amounted to a decrease from $83 billion to $77.2 billion in deposits
The US SPX 500 has been on a steady rise, hitting a fresh all-time high of 5,150 recently. However, beneath the surface, there are indications of weakness when viewed from a sector rotation perspective. The 11 key sectors that make up the SPX 500 offer insights into the market trends, with certain sectors performing better
When it comes to making financial decisions, it is crucial to conduct your own due diligence. The content provided on various websites, including news, analysis, and opinions, may serve as a valuable resource, but it should not be considered as a recommendation or advice to take any action. It is essential to apply your own
The Japanese Yen (JPY) has seen a surge in buying pressure against the US Dollar as the Bank of Japan (BoJ) expressed possible intentions of raising interest rates in the near future. This increase in demand for the Yen has pushed the USD/JPY pair to a four-week low, hovering around the 148.00 level during the
The Bank of Canada (BoC) recently announced its decision to maintain the key overnight rate steady at 5%, disappointing borrowers hoping for a cut amidst high inflation. Governor Tiff Macklem expressed concerns about underlying inflation, stating that it was premature to consider a rate reduction. Despite expectations for a possible cut, Macklem emphasized the need
In a recent development, New York Community Bank received a much-needed boost with a $1 billion-plus injection announced by the bank. This injection involved a significant investment of $450 million from ex-Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, along with contributions from other private investors. This move has managed to calm concerns about the bank’s
The NZD/USD pair is showing slight gains near 0.6130 in the early Asian trading session. This slight uptrend can be attributed to Federal Reserve Chair Jerome Powell’s comments regarding the possibility of rate cuts later this year. The market is reacting to the uncertainty surrounding the timing and number of rate cuts that may be
The JOLTs Job Openings data for January and the ADP Employment Change report for February both revealed figures that fell short of expectations. This led to a negative impact on the US Dollar Index (DXY), causing it to experience losses. The JOLTs Job Openings for January came in at 8.863M, slightly below the expected 8.9M,
The Securities and Exchange Commission (SEC) recently approved a new rule that mandates certain U.S. companies to disclose their risks associated with climate change and their contribution to greenhouse gas emissions, by a narrow 3-2 vote. This new rule, spanning over 886 pages, sets a minimum standard for disclosure for publicly traded companies and aims