News and Information

  Traders are bracing for a cautious start to the week after US and European policymakers hinted at the possibility that interest rates could stay higher for longer at their annual meeting in Jackson Hole. While the Australian dollar and Japanese yen were little changed after the Asian session opened, the yen was hovering near its lowest level for the year. Australian bonds opened light and investors digested the latest move by China to support its stock market. On Friday, Federal Reserve Chairperson Jerome Powell said that the US...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on August 28, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1856 yuan for 1 US dollar, 7.8437 yuan for 1 euro, 4.9711 yuan for 100 yen, 0.91603 yuan for 1 Hong Kong dollar, 9.1438 yuan for 1 pound, 4.6657 yuan for 1 Australian dollar, and 4.6657 yuan for 1 New Zealand dollar.

  The Federal Reserve Bank of St. Louis said the US Treasury may be forced to pause its efforts to shrink its balance sheet to ensure the banking system remains stable as it borrows heavily in the short-term paper market. Since the government suspended the debt ceiling in June, the US Treasury has sold about $1 trillion of short-term Treasuries. Cash to buy government bonds can come from at least two places: bank accounts or money market funds. Recently, money market funds have been reluctant to buy Treasuries because they...

  A day after Tropical Storm Harold battered South Texas on Wednesday, the flow of natural gas to liquefied natural gas (LNG) giant Cheniere Energy's Corpus Christi export plant in the state fell by nearly 30%. According to Refinitiv data, the amount of natural gas flowing into Corpus Christi on Wednesday was up from the previous 2.10 billion...

  After a tumultuous summer for US equities, some retail investors have thrown in the towel, while many institutional investors are viewing the recent slump as a buying opportunity. Data from the American Association of Individual Investors' (AAII) closely watched retail sentiment survey show that for the first time since June, the proportion of retail investors who are bearish on US stocks has exceeded those who are bullish, with a retail investor bull-bear sentiment spread of -3.6 for the week ended August 24. Just before this month's market turmoil, retail investors invested in...

  The unexpected rise in US stocks in 2023 has left hedge funds short of the stock market with big losses. Faced with the continued rise in the stock market and the widening losses, these funds have been forced to position squaring their short positions. In the past two months, short funds have lost more than they have in nearly a decade.

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on August 25, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market will be 7.1883 yuan for 1 US dollar, 7.8510 yuan for 1 euro, 4.9928 yuan for 100 yen, 0.91653 yuan for 1 Hong Kong dollar, 9.1559 yuan for 1 pound, 4.6711 yuan for 1 Australian dollar, and 4.6711 yuan for 1 New Zealand dollar.

  Driven by the demand for AI, Nvidia's second-quarter earnings performance exceeded expectations, and the stock price soared as much as 10% after hours. Shares have risen nearly 230% this year. Highlights of the earnings report The company said that in the second fiscal quarter ended July 30, revenue doubled to $13.50 billion; excluding certain items, profit per share was $2.70, far exceeding analysts' expectations. After becoming the first semiconductor company in history to reach a market value of $1 trillion, Nvidia...

  Goldman Sachs blamed an increase in zero-day options (0DTE) for the S & P 500 sell-off in the early afternoon of August 15, but Bank of America called that logic "largely misguided." At the heart of the disagreement was the exact role played by put derivatives, which had a strike price of 4,440 at the time, close to the trading price. In Goldman's view, rising demand from clients for these contracts forced market makers on the other side of the trade to suddenly hedge their risk exposure, most...

  On Wednesday local time, US stocks opened higher and walked higher, and the three major indexes collectively closed higher. After the market, the artificial intelligence leader Nvidia released its second-quarter earnings report, showing that its second-quarter revenue and performance outlook were much higher than expected, which significantly boosted the market. The US stock industry ETF as a whole closed higher, with the semiconductor ETF up 2.17% leading the market. The Philadelphia Semiconductor Index rose more than 2%, rising above 3,600 points, with AMD and Intel leading the way. The European and American stock markets collectively closed higher, and the Nasdaq index closed up 1.5...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on August 24, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1886 yuan for 1 US dollar, 7.8864 yuan for 1 euro, 5.0312 yuan for 100 yen, 0.91697 yuan for 1 Hong Kong dollar, 9.2322 yuan for 1 pound, 4.7089 yuan for 1 Australian dollar, and 4.7089 yuan for 1 New Zealand dollar.

  Technical analysis is just an analytical method. Like any other analytical method, it is impossible to predict in advance how the market will move in the future. If you can predict in advance that this is a false breakout, or you say that you have an 80% chance of knowing in advance that a certain node is a false breakout, then you should hold a reverse pending order (sell limit or buy limit) at a certain high or low point, and place a stop-loss order to prevent the occurrence of this 20% small probability.

  U.S. officials are drafting a proposal that would ease sanctions on the South American country's oil industry, allowing more companies and countries to import Venezuelan crude if free and fair presidential elections are held, according to five people familiar with the matter. Washington has been trying to encourage Venezuelan President Nicolas Maduro and the political opposition to negotiate over Venezuela's election and other demands. Maduro was sanctioned by the United States after his re-election in 2018, and many Western countries...

  This week, Nvidia's earnings report and Federal Reserve Chairperson Powell's speech at the Jackson Hole annual meeting are undoubtedly the two biggest market drivers. If you have to compare, who is the real manipulator? Ben Emons, senior portfolio manager and head of fixed income at NewEdge Wealth, believes that the answer may be unexpected, and it may not be Powell, but Nvidia, that drives the Federal Reserve's interest rate hike expectations. He pointed out that the family...

  This week, Nvidia's earnings report and Federal Reserve Chairperson Powell's speech at the Jackson Hole annual meeting are undoubtedly the two biggest market drivers. If you have to compare, who is the real manipulator? Ben Emons, senior portfolio manager and head of fixed income at NewEdge Wealth, believes that the answer may be unexpected, and it may not be Powell, but Nvidia, that drives the Federal Reserve's interest rate hike expectations. He pointed out that the family...