EUR/USD 1.15954

USD/JPY 153.683

GBP/USD 1.35260

GBP/JPY 207.876

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On September 12th, according to two sources familiar with the matter, Anthropic is in talks with Nvidia (NVDA.O) to bring the latter into the IPO as an anchor investor; Anthropics IPO is expected to be the largest in history. The sources said Anthropic plans to raise up to $100 billion, which could value the AI startup at approximately $2 trillion. One source added that Nvidia is considering investing up to $10 billion in the IPO. They cautioned that the plans are still under discussion and subject to change. The report points out that bringing in a major investor with substantial financial resources like Nvidia is expected to boost investor confidence in the listing. This IPO is increasingly becoming a major test of the public markets acceptance of the huge valuations and funding needs of cutting-edge AI labs.On the evening of September 11 local time, Iraqi Armed Forces Commander-in-Chiefs spokesman, Sabah al-Numan, issued a statement condemning the attacks against Saudi Arabia and expressing opposition to any actions that endanger Saudi security and stability or damage the brotherly relations between the two countries. The statement said that Iraqi Prime Minister and Armed Forces Commander-in-Chief Muqtada al-Zaidi had ordered an urgent investigation into the specific circumstances of the attacks and those responsible, and that those involved be held accountable according to law. He also emphasized that the Iraqi government will not tolerate any activities that endanger Iraqs own security or its relations with friendly countries. The statement further stressed that Iraqi territory and airspace will not be used as a springboard for attacks on any country and stated that Iraq will cooperate with countries in the region to prevent similar incidents from happening again.The Iraqi Prime Ministers Office stated that an investigation confirmed the drone attack against Saudi Arabia originated from within Iraq, leading to the dismissal of an Iraqi military commander.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 6.2 (deep-focus) occurred at 05:24 on September 12 near the Java Sea in Indonesia (5.01 degrees south latitude, 106.88 degrees east longitude). The final result is subject to the official rapid report.Oracle (ORCL.N): Executive Chairman Larry Ellison adopted a new trading scheme on June 22, which is scheduled to terminate on October 24. The scheme aims to allow Oracle to sell up to 50 million shares of Oracle common stock.

NZD/USD finds support near 0.6220; a decline appears more probable due to China's Covid concerns

Alina Haynes

Nov 28, 2022 15:04

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China's anti-Covid shutdown protests have weakened commodity-linked currencies, resulting in a gap-down start of roughly 0.6220 for the NZD/USD pair. During the previous week, the New Zealand dollar dropped after failing to surpass the round-level barrier of 0.6300.

Individuals have taken to the streets in China to demonstrate their opposition against the zero-tolerance policy, leading to a rise in civil unrest. Due to Chinese leader Xi Jinping's conservative posture and authoritarian framework, global markets have become more risk-averse. This has created an economic expansion risk and may worsen the already shaky housing market. Increasing apprehensions about societal risks may also result in political instability, which may have long-lasting detrimental effects on economic structure.

Notably, New Zealand is one of China's most important trading partners, and instability in China could damage the New Zealand Dollar.

In the meantime, the US Dollar Index (DXY) is profiting from investors' liquidity as the demand for safe-haven assets surges. The USD Index is hovering around 106.20 and attempting to reduce volatility as China's anti-locking protests restrict the upside and predictions of a slowdown in the Federal Reserve's larger rate hike cycle limit the downside (Fed).

S&P500 futures are under heavy pressure from market players due to a risk-averse market mentality. In anticipation of Fed chief Jerome Powell's address on Wednesday, yields on 10-year US Treasuries have decreased to approximately 3.68 percent. The Fed Chair's speech could dispel suspicions about a pause to the Fed's current rate-hiking program.