FOMC minutes settle nerves

By Jeffrey Halley  The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps

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Least worst choices

By Jeffrey Halley  The Reserve Bank of New Zealand raised policy rates by 0.50% to 2.0% Wednesday morning, with Governor Orr setting a hawkish tone in the press conference afterwards. In the

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Growth fears strain sentiment

By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares and US equity futures flashed red Tuesday morning despite the overnight rally on Wall Street. Investors seem to be on edge, adopting

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Snap, crackle, pop!

By Jeffrey Halley Snap, Crackle, Pop! may bring back memories of breakfast cereals, but for Snap Inc their quarterly guidance was more of a dog’s breakfast. Snap’s stock price went snap, crackle,

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Asia starts week cautiously

By Jeffrey Halley Recessionary concerns continue to hold back the buy-the-dippers in Asia on Monday, with stock markets ignoring the strong rally by US index futures. It is always worth taking the

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Flip-flop in the markets

By Jeffrey Halley It was another night of tail-chasing, this time led by Goldman Sachs that said a US recession is a real possibility and that the US Dollar might fall as

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Damage control

By Jeffrey Halley  New York had another tumultuous session overnight, dominated by noise from the crypto sector where (un)stable coins continued to suffer from untethering. Either the crypto noise was pushing equities

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Asia bets on China stimulus

By Jeffrey Halley  Mainland China stocks are leading the way higher Wednesday after onflation data showed a benign inflation landscape. Inflation YoY in April climbed to 2.10% (1.8% exp), and Inflation MoM

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Hawks fill the skies

By Jeffrey Halley The procession of central banks hiking rates in an attempt to see off inflation has continued over the last 24 hours. The Bank of Canada hiked by 0.50% overnight,

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