The Dow Jones Industrial average rose for a second day to start 2022 as investors bet on the kinds of stocks that would benefit from a robust economy this year despite the omicron threat.

But a continuing spike in bond yields to start the new year caused investors to rotate out of tech stocks, sending the Nasdaq lower. Losses in tech shares that were big winners last year like Nvidia and Tesla weighed on the broader market.

The Dow rose 181 points, or about 0.5%, and hit an intraday record on Tuesday. The S&P 500 also reached an intraday record, before turning lower as tech shares fell. It was last down 0.3%. The Nasdaq Composite shed 1.8% on the losses in tech shares.Read More

Bitcoin could see further upside and reach $100,000 by the middle of this year, claims Antoni Trenchev of crypto lender Nexo.
Bitcoin has been a winner in the pandemic era, rising more than 80% in 2021 despite being far off record highs hit earlier that year.
However, some experts have warned that bitcoin may be poised for a steep drop in the coming months.

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The crypto market is relatively stable at the start of the year, with no major price movements from any of the leading cryptocurrencies.

Bitcoin (BTC) continues to trade in the $45,000-$52,000 window that it has remained within since early December, though has fallen to the lower bounds of it at the start of 2022.

Ethereum (ETH) has slipped below the $4,000 mark that it had managed to hold above for so long, but has shifted in value by less than 1 per cent over the last few days.

Several...

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Not everyone in Japan is thrilled with Square Enix's interest in blockchain games and NFTs

On January 1, Square Enix CEO Yosuke Matsuda (pictured) decided to ring in the New Year with the company's plans for things like blockchain and NFTs.

You might have read what people on the English-speaking internet thought about Square Enix's announcement, but let's now take a look at what folks on the Japanese-speaking branches thought.

Below is a cross-section of comments from bulletin boards like 2ch and 5ch, Twitter, and popular Japanese game sites like Hachima Kikou.Read More

ISM PMI FALLS BUT POSITIVES SEEN IN OTHER METRICS
The ISM manufacturing PMI data release for December came in below expectations (58.7) resulting in initial dollar weakness however, better than expected employment figures may favor the hawkish rhetoric currently flooding the market. Inflation on the other hand could be waning and the Fed's fierce stance on curbing inflation may be untimely. As a rule of thumb, a print above 50 reflects and expanding manufacturing sector and vice versa which leaves the U.S. manufacturing sector in solid footing. All eyes turn to Non-farm payrolls (NFP) later this week for further guidance.Read More

The greenback outperformed its rivals on Monday, supported by the sharp upsurge witnessed in the US Treasury bond yields. The US Dollar Index erased the losses it suffered in the last week of 2021 and continues to edge higher in the early European session on Tuesday. The benchmark 10-year US T-bond yield, which rose nearly 8% on Monday, is currently posting small daily gains at 1.63%. The ISM Manufacturing PMI for December and November JOLTS Job Openings will be featured in the US economic docket in the second half of the day. Statistics Canada will release the Industrial Product Price Index data for November as well.Read More

An individual should know how to speculate on currency market prices, intending to generate profits.

Lirunex strongly believes a successful trader does not consist of one single style or technique. Rather, as in most things in life, it takes experience, trial and error and knowledge to consistently be successful. In this article, we will explore how to become a professional trader, including strategies and psychology you need to establish as an expert trader using Lirunex.

What is a Professional Forex Trader?Read More

New Zealand, Australia, Japan, and China were all out on holidays again today but normality will return from Tuesday. As a heads up the UK and Canada will also celebrate a holiday today.



News and data flow was light but Evergrande popped up in the news once again, this time with an order to demolish 39 residential buildings due to an incorrectly obtained permit (see bullets above). In further news trading in the shares in the firm was suspended in Hong Kong although the suspension appears unrelated.Read More

NVDA has consolidated over the last few days, and found strong support around 295. Prior to this week, it recently broke the downtrend/ bullish wedge , into its current pattern. Shorts have tried all week to drop this, along with very low volume . Finally tax loss harvesting for 2021 ended yesterday. I see this running, until tapering is done in March, and rates indicated to rise with a set date.Read More

Barrick Gold making triple bottom already showing signs to commence a rally up...