US President Joe Biden commented on Thursday that, rising energy costs and supply chain constraints have begun to ease, but the change may not be reflected in November’s data. In other words, November...
BioNTech and Pfizer confirmed on Wednesday that three shots of their vaccines neutralized the new Omicron variant in a lab test. This provides some early evidence that booster shots could be the key t...
As the fear over Omicron fades away, global risk appetite rises again. Stock markets in both Asia and the US have bounced back, and riskier currencies like AUD hit the strongest level in a week on Wed...
PBoC said on Monday that it would cut the reserve requirement ratio (RRR) again, by 0.5%. It is the second time this year, and PBoC hoped to release funds in long-term liquidity to boost economic grow...
Last week was a volatile week. Both the FX and equity markets experienced great ups and downs. Overall, USD has been growing aggressively, due to the expectations on earlier rate hikes. Omicron has sh...
USD leaped against AUD and NZD on Friday, ahead of November non-farm payrolls data. Economists expect that 530k jobs have been added in the past month. After Powell’s hawkish comments, more Fed offici...
Wall Street’s major indices fell more than 1% overnight, after the US confirmed the first Omicron case. All three indices breached their key technical levels during the session. Earlier in the week, t...
The DXY Index fell below the 96-level on Wednesday, currently trading at 95.91. Earlier, Powell testified before the Senate Banking Committee hearing that the Fed will discuss whether to wrap up asset...
The currency market has managed to calm down after the initial shock of Omicron’s discovery last Friday. AUD, MXN, and South African Rand all bounced back. Safe-haven currencies such as JPY weakened t...
US President Biden was informed on Sunday that, it will take about two weeks before definitive information on Omicron becomes available. This new COVID variant has sparked new travel restrictions in m...