The Traderszone Network

With Chinese trading halted mere minutes into its day-session on the back “insane” moves as one Asian manager exclaimed, the rest of the world’s markets have borne the brunt of hedging, unwind, selling pressure.

Happy “Chinese” New Year…

read more

Greetings one and all
There’s a lot going on out there right now and not a lot of it very pleasant albeit unsurprising, to this writer at least.
I’ve warned about the global fragility and fall out from interest rate hikes for many a month/year now and I fear there is far more to come.

Here’s what the DTCC have listed for today
– USDJPY
– EURUSD 1.0885 (361m) 1.0900 (739m)
– GBPUSD 1.4800 (596m)
A thin board at present which Eamonn has already posted early in his session but I’ll check back later for any updates

The layoffs, which would result in more than 1,000 people leaving the tech giant, is set to affect Yahoo’s media business, European operations, and platforms-technology group, Business Insider said on Wednesday. This move follows activist investor Starboard Value LP’s letter to Yahoo on Wednesday ramping up pressure on Yahoo, taking aim at Chief Executive Officer Marissa Mayer and her leadership team and raising the prospect that a proxy battle is approaching. Starboard implied that Mayer and her officers needed to go, without naming her specifically.

Bloomberg reporting info from their sources “familiar with the matter”
– will continue direct intervention
– measures being considered to restrict the CNY-CNH arbitrage gap and speculative trades especially foreign company deals
The sources didn’t say whether the PBOC has intervened today

Experts will hunt for particles to test North Korea’s claim it tested a hydrogen bomb, but drawing a conclusion could be tricky.