Darktrace’s board chair said the decision to launch a third-party review was a sign of its confidence in the robustness of the company’s financial processes.
China formalizes rules for overseas IPOs
The new rules also call for IPO underwriters, typically international investment banks, to annually report to the CSRC their involvement with Chinese listings overseas.
Bundesbank: Headline inflation has peaked in Germany
<ul><li>But core inflation to only decline tentatively in the coming months</li><li>Short-term outlook for Germany more favourable than a few months ago</li><li>Economic outlook somewhat brighter but high inflation pressures still persisting</li></ul><p style=““ class=“text-align-justify“>We’ll see how wage dynamics influence the inflation outlook in the months ahead but if price pressures are more sticky than anticipated, that will continue to cast a dark cloud on the German economy this year.</p>
This article was written by Justin Low at www.forexlive.com.
Is Biden’s visit to Kyiv really all about Ukraine?
<p style=““ class=“text-align-justify“>There is no doubt that the US has been vocal in pledging their support towards Ukraine since the whole conflict with Russia began a year ago. However, the timing of Biden’s visit today, while fitting with the occasion, may perhaps be a case of sending a message to the opposition. And no, the opposition isn’t Russia.</p><p style=““ class=“text-align-justify“>It may be a case of killing two birds with one stone since Biden’s surprise trip to Kyiv comes as top Chinese diplomat, Wang Yi, is due in Moscow and possibly for a meeting with Russian president, Vladimir Putin. The visit is said to be one to „discuss ideas for peace in Ukraine“ but we all know that it is very much a show of support from China towards Russia on the matter.</p><p style=““ class=“text-align-justify“>Considering how US-China relations are suffering greatly amid the whole balloon fiasco over the past few weeks, one can definitely argue how the gesture from both sides are hardly coincidental. </p><p style=““ class=“text-align-justify“>And while the conflict between Ukraine and Russia is a different ordeal, the fact that the US and China are ending up on opposing sides would serve to only deepen the divide between the two at the moment.</p><p style=““ class=“text-align-justify“>This was definitely the perfect opportunity to highlight that contrast, I would say.</p>
This article was written by Justin Low at www.forexlive.com.
Heads up: ECB president Lagarde to be speaking tomorrow
<p style=““ class=“text-align-justify“>Just a heads up as Lagarde herself is tweeting on the appearance, which will be on Finnish television. More on that here:</p><blockquote class=“twitter-tweet“ data-partner=“tweetdeck“><p lang=“en“ dir=“ltr“>What we do <a target=“_blank“ href=“https://twitter.com/ecb?ref_src=twsrc%5Etfw“>@ecb</a> affects people throughout the euro area from Faro to Nuorgam, from Galway to Thessaloniki. Your views and concerns matter in the decisions we make. Watch from 20:00 CET on Tuesday as I answer questions from the Finnish public on Yle TV1 <a target=“_blank“ href=“https://t.co/CfuOGjjxAZ“>https://t.co/CfuOGjjxAZ</a> <a target=“_blank“ href=“https://t.co/Nh3KXiusGm“>pic.twitter.com/Nh3KXiusGm</a></p>— Christine Lagarde (@Lagarde) <a target=“_blank“ href=“https://twitter.com/Lagarde/status/1627615256120901632?ref_src=twsrc%5Etfw“>February 20, 2023</a></blockquote>
This article was written by Justin Low at www.forexlive.com.
The bond market will remain a key spot to watch in trading this week
<p style=““ class=“text-align-justify“>If you recall how trading went last week, it was a case of markets struggling with what to do in the aftermath of the US CPI data. However, the bond market was steadfast as sellers continued to push their agenda and yields moved higher. Eventually, the rest of the market listened and on Friday, it looked like we were on the verge of a trending break.</p><p style=““ class=“text-align-justify“>However, that all turned around when 10-year Treasury yields failed to seal a break above its December high of 3.90% and reversed lower before the end of the day:</p><p style=““ class=“text-align-justify“>As that played out, the dollar also saw gains dissipate and failed to clinch any major technical breaks as outlined earlier <a target=“_blank“ href=“https://www.forexlive.com/news/close-but-no-cigar-for-the-dollar-20230220/“ target=“_blank“ rel=“follow“>here</a>.</p><p style=““ class=“text-align-justify“>Going back to the bond market, it has been a tricky start to the year with January observing a rally in bonds only for that to completely falter in February. That is a sign that traders are struggling to find a balance on the Fed outlook and how much higher rates might possibly go in the months ahead.</p><p style=““ class=“text-align-justify“>However, the good news is that the technical battle lines are quite well defined at the moment. The December high at 3.90% will be a key topside level to watch for 10-year yields in the US with the downside level to keep an eye out for being the 200-day moving average (green line) and the recent lows so far this year closer to 3.32% to 3.33%.</p><p style=““ class=“text-align-justify“>If we get a break on either side of that, expect other assets to also respond in kind to what the bond market has to say.</p>
This article was written by Justin Low at www.forexlive.com.
Dow Jones Technical Analysis
<p>On the daily chart below, we can
see that the Dow hasn’t done much since the end of last year. Recently, the
price got even stuck in a tight range between the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> at 34477 and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> at 33538. </p><p>The bias is turning more bearish
as the hot economic data is making the market to rethink its expectations about
earlier than expected pause in interest rates hikes and cuts by the end of this
year. In fact, the market now sees a higher terminal rate with almost no cuts
in 2023. </p><p>On the 4 hour chart below, we can
see more closely the current rangebound price action with the support at 33538
holding pretty well. This is the worst environment for traders as one can be
chopped out pretty easily on both sides. The best strategy would be to wait for
a clear breakout on either side before taking any position. </p><p>In the 1 hour chart below, we can
see that the price bounce from the support and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> are now pointing north. This may be a signal that the price can move up
again towards the resistance, but the recent catalysts are all bearish for the
market. If one wants to “play the range” then buying at support and selling at
resistance with defined risk is the only way to go for now. </p>
see that the Dow hasn’t done much since the end of last year. Recently, the
price got even stuck in a tight range between the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a> at 34477 and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> at 33538. </p><p>The bias is turning more bearish
as the hot economic data is making the market to rethink its expectations about
earlier than expected pause in interest rates hikes and cuts by the end of this
year. In fact, the market now sees a higher terminal rate with almost no cuts
in 2023. </p><p>On the 4 hour chart below, we can
see more closely the current rangebound price action with the support at 33538
holding pretty well. This is the worst environment for traders as one can be
chopped out pretty easily on both sides. The best strategy would be to wait for
a clear breakout on either side before taking any position. </p><p>In the 1 hour chart below, we can
see that the price bounce from the support and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a> are now pointing north. This may be a signal that the price can move up
again towards the resistance, but the recent catalysts are all bearish for the
market. If one wants to “play the range” then buying at support and selling at
resistance with defined risk is the only way to go for now. </p>
This article was written by ForexLive at www.forexlive.com.
Interview: Obi-Chef: „Zur Inspiration gehen junge Menschen nicht mehr in den Baumarkt“
Sebastian Gundel hat dem Händler einen umfassenden Umbau verordnet. Mit Digitalisierung will er junge Kunden erreichen – aber auch den klassischen Baumarkt retten.Dax aktuell: Positive Impulse aus Asien stabilisieren den Dax – Biontech-Aktie gefragt
Die Hoffnungen auf Zinssenkungen waren ein wichtiger Treiber der laufenden Rally. Jetzt beginnen sie zu schwinden. Zwei Marken sind nun besonders wichtig.Nikkei, Topix & Co: Chinas Börsen im Aufwind – Tokio stagniert
Die Anleger in Asien starten optimistisch in die neue Woche. Die Blicke richten sich auf die Veröffentlichung der US-Notenbankprotokolle am Mittwoch – und auf eine Rede.