Evergrande Fights off Default Yet Again After Making Overdue Coupon Payments
Evergrande yet again flirted with default, as the distressed property giant made overdue coupon payments to holders of 3 separate offshore bonds.
Nasdaq 100 Dives as Supercharged Inflation Lifts Yields and Dents Sentiment
The Nasdaq 100 suffers big losses Wednesday as red-hot inflation roils financial markets, denting risk appetite and boosting U.S. Treasury yields on bets of tighter monetary policy.
3 Key Tips to Becoming A Successful Trader
Whether you are an experienced or first-time trader, there are certain patterns to follow that can separate you from being a profitable trader or one that loses money.
US Dollar Technical Analysis: DXY Index Breakout, USD/JPY Reversal in Play
The US Dollar (via the DXY Index) jumped to a fresh yearly high after the October US inflation report and a weak US bond auction.
Mid-Week Market Updates: Hot Inflation's Impact on USD, Gold, Bitcoin, & Stocks
US inflation just jumped to its highest rate since 1990. What’s next for financial markets?
US Dollar Jumps to Yearly Highs on the Back of Weak 30-Year Treasury Auction
A weak auction of 30-year US Treasuries saw the US Dollar race higher to fresh one year highs above 98.84.
USD/CAD Rate Outlook Mired by Bear Flag Formation
A bear flag formation has taken shape in USD/CAD as the exchange rate struggles to trade back above the 200-Day SMA (1.2472).
Amazon and Ford backed ‘Rivian’ Gears up for Nasdaq Debut, Tesla Bounces Back
Tesla rival ‘Rivian Automotive’ (RIVN) makes it’s eagerly awaited debut on the Nasdaq Stock Exchange as Tesla selling abates
Gold Price Forecast: XAU Spikes on 6.2% CPI – Gold Four-Month Highs
Gold prices broke out to a fresh four month high this morning, pushed along by a really strong CPI read. It appears that both fundamental and technical backdrops are lining…
FTSE 100 IG Client Sentiment: Our data shows traders are now at their least net-long FTSE 100 since Oct 16 when FTSE 100 traded near 7,240.50.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.