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Markets
RIP Wilshire Indexes. And all wannabe index disrupters?
Incumbency is a powerful force in most industries. Despite all the “disruption” chatter, many have a clear and entrenched club that dominates. Perhaps no industry is that truer for…
EUR/JPY strengthens to near 184.00 on BoJ rate hike uncertainty
The EUR/JPY cross gains ground to near 183.90 during the early European session on Wednesday. The Japanese Yen (JPY) softens against the Euro (EUR) amid market doubt about the…
Gold holds above $5,200 as Middle East tensions and weak USD support
Gold (XAU/USD) attracts buyers for the second consecutive day on Wednesday and climbs to the $5,223 area during the Asian session, back closer to a one-week high touched the…
NZD/USD remains below 0.5950 due to increased risk aversion
NZD/USD remains in the negative territory after giving up daily gains, trading around 0.5930 during the Asian hours on Wednesday. However, the pair advanced as the New Zealand…
Oil-poor Asian countries push 4-day weeks and car pooling
South-east Asian nations are girding for a Middle East oil shock by telling citizens to work from home, implementing four-day weeks and promising increased spending on energy…
Iran’s Revolutionary Guard announces targeting of enemy tech infrastructure in region
The Islamic Revolutionary Guard Corps (IRGC) on Wednesday escalated its operations against the United States (US) and Israel. IRGC announced the start of targeting the enemy's…
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PBOC sets USD/CNY reference rate at 6.8917 vs. 6.8982 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8917 compared to the previous day's fix of 6.8982 and 6.8824…
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Israeli military launches fresh wave of strikes at Iran and Lebanon
The Israel Defense Forces said that it had unleashed a new wave of strikes on Iran, shortly after a round of explosions was heard in Tehran.Israel also launches more missiles at …