Over the last six months, financial market liquidity has played a major role in supporting credit and equities prices in spite of large fluctuations in Fed forecasts. But with April’s tax deadline drawing near, the liquidity situation is becoming less clear, which might cause uncertainty and increased volatility in the …
Read More »US dollar slides despite scoring weekly gains
At the time of writing, the US Dollar Index (DXY) is trading at 106.117, down slightly from its previous peak of 106.35. Still, the index is aimed at hitting its peak of 107.10 on November 1. With hawkish predictions on the Federal Reserve and tensions in the Middle East potentially …
Read More »Gold Price Stabilizes Higher Amid Middle East Escalation Woes
Gold price has stabilized +0.40% trading at %2387.80 per ounce after the precious metal’s earlier surge at $2,417 per ounce following the escalating Middle East conflict between Israel and Iran. The price stabilized after Tehran indicated no immediate plans for retaliation, calming initial fears. US Treasury yields and the US …
Read More »How Has Wall Street React to Netflix earnings?
Wall Street is somehow divided regarding Netflix’s first-quarter earnings. After the release of their first-quarter earnings report, Netflix’s stock price is declining. This is mostly because of two things: first, the firm decided not to reveal subscriber numbers in future earnings reports beginning next year; second, the second quarter’s outlook …
Read More »USD/CHF edges up following Fed Golsbee’s comments
The US Dollar has retraced losses and is now at levels below 0.9100. A doji candle in the weekly chart and bearish divergence on intra-day charts suggest a deeper correction. USD/CHF bears need to breach the 0.9075 support level to confirm a trend shift. The Federal Reserve is likely to …
Read More »Market Participants Still Focusing on Policy Divergence
The US dollar reached new heights this week due to bets on when the Fed will most likely begin its easing cycle. Meanwhile, confidence in an ECB interest rate cut in June continued to build, pushing the EUR/USD down to as low as the 1.0600 region. The EUR/USD is trading …
Read More »Fed’s Goolsbee: Makes sense to wait to get more clarity before moving
Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step, This sort of statements could be looked upon as a resonation of the broad hawkish stance and Fed’s tendency …
Read More »Market Drivers; US Session, April 18
Further hawkish comments from Fed speakers boosted the US dollar and sparked a decent bounce in US yields, while the ECB’s officials maintained dovish stance and continued to advocate the start of the central bank’s rate cut and monetary easing next the summer.Developments In Forex SpaceThe US dollar regained upside …
Read More »IMF: Russian economy will grow faster than the US
The International Monetary Fund expects that Russia’s economy will grow by 3.2% in 2024, outpacing all advanced economies, including the US. Despite the war, high investment and robust private consumption have driven Russia’s economy forward. The IMF expects this momentum to fade in 2025, with Russia growing at a rate …
Read More »Bitcoin recovers as halving countdown attracts attention
The price of bitcoin has recovered to the level of support that drove the bull market in 2023, with nearly nil profit margins for traders. A potential turning point in the decline of the price of Bitcoin is not totally ruled out, though. A week of declining prices for Bitcoin …
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