New Quarter Starts on a Hawkish Note

Markets In the run-up to the release of the US services ISM, (US) equity futures/markets yesterday fell prey to a tentative risk-off correction. In particular some parts of the tech sector apparently felt some vertigo after recent record race in the likes of the S&P and the Nasdaq. Safe haven flows supported Treasuries. A soft […]

USDJPY fell 0.7% in Asia on Tuesday after comments from Japanese official added pressure on the central bank for more rate hikes to further boost strengthening yen. The latest comments further improved yen’s sentiment, though most analysts expect BoJ to keep rates unchanged in the next policy meeting. Fresh weakness is pressuring key supports at […]

Nvidia selloff didn’t deepen yesterday, on the contrary, the recent end-of-quarter / end-of-the-first-half pullback attracted dip buyers – if you can call it a dip yet – and Nvidia shares ended up jumping by almost 7% in a single session. Yesterday’s jump will certainly help to cool the downside pressure and ease long squeeze worries […]