Yields have fallen to about 8% from 9.4% in early November but some analysts are concerned by high funding costs The junk bond market has…
USD/CHF Price Analysis: Hovers above the support level at 0.8500 amid tepid momentum
USD/CHF moves on a downward trajectory for the second successive day, trading near 0.8510 during the European hours on Thursday. The USD/CHF pair encounters difficulties…
South Korea issue travel ban to ‘Golden Triangle’ region in Laos
SEOUL: South Korea has decided to ban its nationals from traveling to the “Golden Triangle” region in Laos infamous for criminal activities starting next month, the foreign ministry said Thursday.
Tesco upgrades its outlook, while M&S warns on higher costs
Having seen Sainsbury share price slide sharply after failing to raise its guidance yesterday, Tesco is slightly more optimistic doing what Sainsbury couldn’t after a…
USD/KRW: Break above last month’s high of 1,327/1,330 essential to confirm a larger rally – SocGen
USD/KRW defends the 200-Day Moving Average (DMA) at 1,316. Economists at Société Générale analyze the pair’s outlook. November/December trough near 1,283 is important support USD/KRW…
Bitcoin Spot ETF approvals ushers in fee wars among key players, BTC price gains likely capped
Bitcoin Spot ETF was approved by the US Securities and Exchange Commission, marking January 10 as a historic moment for BTC holders. The approval has…
PBOC Provides Strongest Boost to Yuan Via Fixing Since November
China’s central bank pushed back against recent yuan weakness by setting its daily reference rate for the managed currency at the widest gap to estimates since November.
Spain sees record demand for 10-year bond as economy inspires confidence
MADRID, Jan 10 (Reuters) – Spain raised 15 billion euros from a 10-year bond sale on Wednesday on the back of record investor demand exceeding…
Some fireworks on markets with the US CPI number scheduled for release
Markets ECB’s Schnabel triggered some unexpected market action yesterday. The German board member lived up to her hawkish reputation by noting that talk about rate cuts…
USD/MXN: Inability to cross the 17.42/17.55 hurdle would mean continuation in decline – SocGen
Mexican Peso (MXN) bucked weaker LatAm trend in the first week of 2024. Economists at Société Générale analyze USD/MXN technical outlook. Next potential supports are…