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One technical and three fundamental reasons to short the Australian dollar against the Canadian dollar. Technical picture for the AUD/CAD is bearish. There is a bearish divergence between the AUD/CAD and the yield spreads. The Aussie ranks as one of the most overvalued cu...
China continues to harass Taiwan with incursions into its air defense zone. The bullying practice has escalated in the past week or so. European banks took 174.5 bln euros from the ECB's latest Targeted Long-Term Refinancing Operation. In the UK, Chancellor Sunak canceled the fall...
Japan's preliminary September PMI was little changed from October, and the composite remained below the 50 boom/bust level. The French PMI showed a similar pattern to the German report, but a bit worse. The US preliminary PMI is expected to follow the European pattern of a continu...
The S&P 500 tumbled for its fourth consecutive, the longest losing streak since February. The dollar strengthened broadly. Asia Pacific shares were lower, led by a 2.4% decline in South Korea and around a 1% loss in China and Taiwan. Gold held yesterday's low near $1882.50. La...
Not surprisingly, China's Prime Loan Rate was left unchanged for the fifth consecutive month at 3.85% and 4.65%, respectively, for the one and five-year benchmarks. S&P is concerned that Spain's political climate may struggle to pass the 2021 budget and continue to press ahead wit...
The major central banks have met, and not one announced fresh policy action. All the brouhaha about the rapid rise of the euro misses that it has been moving sideways for nearly two months. With all the commentary on the euro, it was the yen, whose 1.6% gain last week, led the maj...
The EUR/AUD currency pair, which expresses the value of the euro in terms of the Australian dollar, has fallen significantly from its recent highs of almost 2.00 in March 2020. The euro drifted downward fairly quickly from its high against the Australian dollar, finding its way back to its pre...
Overview: Profit-taking after the FOMC meeting saw US equities and gold sell off. The high degree of uncertainty without fresh stimulus did not win investors' confidence. The Fed signaled rates would likely not be hiked for the next three years, and without additional measures, that appears ...
Overview: The dollar has been sold against nearly all the world's currencies ahead of what is expected to be a dovish Federal Reserve, even if no fresh action is taken. The Scandis and Antipodean currencies are leading the majors. The South African rand and Mexican peso are leading the emerg...
Overview A flurry of deals, including the still-evolving Oracle ( ORCL )-TikTok ( BDNCE ) tie-up, helped lift equity markets in the Asia-Pacific region. South Korea's Kospi, and Indonesia, which had been battered last week, led the advance. The MSCI Asia Pacific Index rose for the third cons...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E605 Company Name:
DAUD Stock Symbol:
NYSE Market:
Citigroup Global Markets Holdings Inc. (“CGMHI”) announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the “ETNs”). Holders of the ETNs will receive a cash payment per ETN in...