Forex - Spark Newswire

1 minute read

China’s Major State-owned Banks Seen Selling Dollars in Onshore Spot Market to Stabilize Yuan Exchange Rate

Today, 9:02 PM

-Reuters https://www.reuters.com/article/china-yuan/chinese-state-banks-dollar-selling-meant-to-prevent-the-spot-price-from-weakening-past-7-25-yuan-sources-idUSP8N2ZZ02E

FXI

2 minute read

Cathie Wood Believes Something Similar To The Plaza and Louvre Accords Could Be Repeated: Here’s What Happened In The 1980s

By Bhavik Nair

Today, 9:02 PM

Cathie Wood has said the significant appreciation in the dollar led by the ongoing aggressive policy of the U.S.

BND

2 minute read

‘This Is Worrying’: Top Economist Warns Of Stress Building In Global Financial System

By Natan Ponieman

Today, 9:02 PM

“This is worrying," tweeted Robin Brooks, chief economist at the Institute of International Finance, a global trade group composed of the 400 most important banks and financial institutions around the globe.

1 minute read

British Pound Sees Relief Rally As PM Truss Ditches Tax Cuts For Super-Rich

By Bhavik Nair

Today, 9:02 PM

The United Kingdom Prime Minister Liz Truss has dropped a plan to reduce taxes for the highest earners, giving some much-needed respite for the battered pound.

FXB

2 minute read

Nasdaq, S&P 500 Surge Ahead Of Market Open As US Stocks Look To Fight Back After Sell-Off: Nike And Peers In Focus

By Shanthi Rexaline

Today, 9:02 PM

The major U.S. index futures point to a positive start on Friday, reversing the sharp declines in the previous session. The week witnessed see-sawing movement in the market and it remains to be seen if the indices can rally hard to close the week in the green.

DECK

1 minute read

British Pound Erases Gains Against the Dollar After Reports the UK Won’t Ask the Fiscal Watchdog to Speed Up Its Economic Forecast

By Charles Gross

Today, 9:02 PM

-Bloomberg https://twitter.com/business/status/1575801728779386880

EWU

1 minute read

‘Bank of England warns of ‘significant’ rate rises as pound slumps again’ -Evening Standard

By Bill Haddad

Today, 9:02 PM

https://www.standard.co.uk/news/uk/bank-of-england-interest-rates-will-rise-kwasi-kwarteng-inflation-b1028549.html?utm_medium=Social&utm_source=Twitter#Echobox=1664296114-1

EWU

2 minute read

British Pound Weakness Far From Over? Options Market Positions Indicate Currency Will Fall To $1 Or Below

By Bhavik Nair

Today, 9:02 PM

After the British pound tumbled to its record low on Monday following the U.K.

FXB

2 minute read

Just DON’T Do it! As The Dollar Get Stronger, Nike’s Earnings Get Weaker

By AJ Fabino

Today, 9:02 PM

The U.S. Dollar Index (DXY), which measures the strength of the dollar against a host of major currencies, is reaching 20-year highs and that's bad news for businesses like Nike Inc (NYSE: NKE), which releases earnings on Thursday.

NFLX

3 minute read

S&P 500 On The Brink Of Hitting New Lows As British Pound Collapses

By Wayne Duggan

Today, 9:02 PM

The S&P 500 added to last week's losses on Monday as the index drifted closer toward its June intraday low of 3,636.87.

SPY