Latest Market News
BNY Mellon Hedge Funds Search For Value Over the past week, we met with many long-only and leveraged investors in London and Cape Town. Several highlighted the chaotic nature of markets, with no clear visibility because of central banks’ seemingly open-ended tightening cycles. We sensed meaningful divergence in opinion. Whereas hedge funds are more open […]
Crypto prices keep falling, but why? This year’s market crash has turned most winning portfolios into net losers, and new investors are probably losing hope in Bitcoin (BTC). Investors know that cryptocurrencies exhibit higher than average volatility, but this year’s drawdown has been extreme. After hitting a stratospheric all-time high at $69,400, Bitcoin price crumbled […]
Stocks ended with sharp declines, but off session lows, with the Dow Jones Industrial Average averting a bear market as it posted its lowest close of 2022. Equities fell sharply as government bond yields soared following the Federal Reserve’s rate increase and tightening by other central banks and as the U.S. dollar soared versus major […]
U.S. stocks are tumbling in the final hour of trading, with all 11 sectors of the S&P 500 selling off sharply as the index trades around its 2022 closing low that it hit in June. The energy sector is hardest hit with a loss of around 7% amid a drop in oil prices, according to […]
The U.S. dollar is on track Friday for its biggest weekly advance since March 2020 as the Federal Reserve’s third jumbo interest-rate hike and Chair Jerome Powell’s hawkish outlook helped send real yields sharply higher. The ICE U.S. Dollar Index DXY, +1.50%, a gauge of the dollar’s strength against a basket of its rivals, has […]
EURUSD, “Euro vs US Dollar” EURUSD has completed the correction to test 0.9903 from below. Today, the pair may continue trading downwards with the target at 0.9785. After that, the instrument may form one more ascending structure towards 0.9833 and then start a new decline to reach 0.9760. GBPUSD, “Great Britain Pound vs US Dollar” […]