Dollar

Unlikely bets on breaking the Hong Kong dollar peg add up

Unlikely bets on breaking the Hong Kong dollar peg add up

SINGAPORE/HONG KONG, Dec 5 (Reuters) – This is what markets call “tail risk”: a highly unlikely scenario in which Hong Kong’s currency peg suddenly collapses. Still, market prices suggest betting on such a shock is building in the hedge fund world, and some traders say that makes a lot of sense. Billionaire fund manager Bill …

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Markets Week Ahead: Dow Jones, Gold, US Dollar, Crude Oil, OPEC+, AUD/USD, RBA

Markets Ahead Week: Dow Jones, Gold, US Dollar, Crude Oil, OPEC+, AUD/USD, RBA

Recommended by Daniel Dubrovsky Get your free forecast of the best trading opportunities Global market sentiment remained upbeat last week. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 gained around 0.3%, 1.1% and 1.9% respectively. That’s when the VIX market’s “fear gauge” closed at its lowest since the start of this year. …

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US stock futures pause after rally;  The Dollar Weakens: Market Recap

US stock futures pause after rally; The Dollar Weakens: Market Recap

(Bloomberg) – The dollar hit a three-month low on Thursday as U.S. stock futures stabilized after big gains on indexes fueled by China’s softer stance on Covid and the confirmation of a slowdown in the pace of US rate hikes by Federal Reserve Chairman Jerome Powell. Bloomberg’s Most Read S&P 500 contracts edged higher, a …

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Markets Week Ahead: Nasdaq 100, S&P 500, US Dollar, British Pound, Euro, Gold

Markets week ahead: Nasdaq 100, S&P 500, US dollar, British pound, euro, gold

Global Market Wrap and Lookahead. The US dollar resumed its post-FOMC decline. US indices continue to climb. A constant stream of important economic data and upcoming events. Recommended by Nick Cawley Trading Forex News: The Strategy This week’s economic calendar is packed with a wide range of market-moving economic releases that will help position the …

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Stocks fall on China Covid concerns;  Dollar Rise: Market Recap

Stocks fall on China Covid concerns; Dollar Rise: Market Recap

(Bloomberg) – Stocks fell amid fears China would tighten Covid restrictions after a string of reported deaths as investors sought refuge in the dollar. Bloomberg’s Most Read The S&P 500 and Nasdaq 100 contracts both fell at least 0.5%. Chinese stocks fell in premarket trading in the United States, as progress on reopening China could …

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