Beijing reopening dulls NFP retreat

By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of 325,000.

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What’s the good oil?

By Jeffrey Halley Oil markets are on the move Thursday morning, with oil prices dipping by 2.0% in early trading after the Financial Times reported that Saudi Arabia has indicated to western

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China Covid hopes boost Asia

By Jeffrey Halley  Asian markets are mostly positive Monday morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased Covid-19 restrictions. The devil is in the detail

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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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