Sage Investment Club

Bullish bets on Asian FX as easing of China COVID curbs boosts outlook

© Reuters. FILE PHOTO: Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Tejaswi Marthi (Reuters) – Bullish bets on the Singapore dollar and the Malaysian ringgit further consolidated to scale five-year highs as a fizzling U.S. dollar rally and China’s pivot from its strict COVID-19 curbs boosted […]

Market Update – January 25 – Asian markets return to hot AUD & NZD Inflation

Many Asian markets back  (China & Taiwan remain closed all week) and higher today, NYSE suffered tech meltdown (250+ stocks paused trading on Open) US Stocks mixed following a raft of uninspiring Earnings. #MSFT had its weakest quarterly sales growth in 6-yrs but EPS beat. -0.22% on the day & -1.02% after hours. PMI data […]

GLOBAL MARKETS-European stocks edge higher, Wall Street futures flat

European stock indexes edged higher on Monday, while Wall Street futures struggled to make gains as investors weighed up recession fears with hopes that inflation could be past its peak. Liquidity was thin during Asian trading hours as markets in China, Hong Kong, Singapore, Malaysia, South Korea and Taiwan were closed for the Lunar […]

ICYMI – most Asian markets are closed for a holiday today

I posted over the weekend the heads up: On holiday today are markets in: And its a holiday in Wellington, New Zealand’s capital. — In as normal today are Australia and Japan. Interest and liquidity are much lower than normal. Despite this the USD is weaker pretty much across the major’s board. Gold is up: […]