Federal Reserve Governor Lisa Cook said on Monday that expectations of near-term policy rates do not appear to be driving rise in long-term rates. These comments failed to trigger a noticeable market reaction. As of writing, the US Dollar Index was unchanged on the day at 105.05. The US financial …

The dollar fell to an almost eight-week low against the euro on Monday on growing confidence that the Federal Reserve is done hiking interest rates, while comments from multiple U.S. central bank officials this week will be watched for further signals on rate policy.Fed Chairman Jerome Powell is due to …

Despite difficulties brought on by the political election season and dwindling cable subscriptions, Fox reported modest results for the first quarter of its fiscal year. The company’s success with Tubi, its free streaming service, and its strong pricing strategy offset the challenges. The year-over-year increase in total revenue was less …

After a very busy week, several economic data releases are expected to weigh on the performance of multiple assets and most prominently, the US Dollar Index with the beginning of the new trading week.Oil’s PerformanceWTI crude dropped to $80.70, a decrease of more than 2%. Soft labour market data was …

Wall Street’s major indexes reached session highs after regaining their 50-day moving averages. The softer October payrolls report boosted stocks, with the Dow Jones Industrial Average holding a 0.9% gain. The S&P 500 rose 1.3%, while the Nasdaq led by 1.6%. Small-cap Russell 2000 surged 3%, while Innovator IBD 50 …

The clear winner for Friday is the Sterling. The EUR/GBP pair is retreating into 0.8660 despite the strengthening of the pound sterling on Friday. Next week’s economic schedule includes the UK GDP and EU retail sales in the latter half.As the market approaches the weekly closing bell, the EUR/GBP is …

“I may support holding rates for about 8 to 10 months”, Atlanta Fed’s Raphael Bostic said on Friday. Bostic added that monetary policy is in the right place given the economic outlook. He added he may support holding interest rates steady for about 8 to ten months. Bostic also mentioned …

WTI crude dropped to $80.70, a decrease of more than 2%. Soft labour market data was released by the US. Middle East tensions are reducing, which will help the price drop. The US economy, which consumes the most oil, is the primary cause of the steep losses in US crude …

US Treasury Secretary Janet Yellen, who took office in January 2021, is accused of committing the worst mistake in the Department’s history when she “failed to issue cheap bonds before the Fed began its latest series of rate hikes,” which “paved the way for a debt catastrophe” and “exacerbated the …

The 150K weaker US labour market and nonfarm payrolls data that fell short of the 180K estimates, on Friday, does much to refuel a significant rally in the EUR/USD pair’s performance. With hiring slowing down and unemployment rising, there is growing speculation about Fed rate cuts in H2 2024.Notwithstanding the …