Asian stock markets rejoiced post-FOMC
US stock indices spooked by Fed Chair Powell post FOMC press conference while Asian stock markets outperformed.
Source: marketpulse.com
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Asian Stock Markets Rejoiced Post-FOMC
No surprise from the US central bank, Federal Reserve’s policy meeting outcome yesterday where the Fed hiked its policy Fed funds rate by 25 basis points as expected, its 10th hike in this current tightening cycle to a target range of 5% to 5.25%.
Source: actionforex.com
Jack Ma's Net Worth Drops By More Than Half In 2022: What Happened?
Jack Ma's net worth plunged from $48.4 billion in 2021 to $20.7 billion in 2022.
Source: ibtimes.com
Cross-strait tensions are bad news for Hong Kong, Chinese stocks no matter who's bluffing in Taiwan spat
Cross-strait tensions heightened considerably after House Speaker Nancy Pelosi was said to be headed for Taiwan late on Tuesday. Markets in Hong Kong, mainland China and Taiwan were awash in red ink.
Source: scmp.com
AUD/USD FOMC-Induced Rally Faces Technical Levels Ahead of Australian Trade Data
AUD/USD put in a blistering rally overnight after a relatively dovish FOMC announcement tanked the US Dollar. APAC traders are watching for follow-through as Australia's trade balance approaches.
Source: dailyfx.com