The EUR/USD pair is trading at 1.0817, down 0.05% from the previous day’s gains against the dollar. The Eurozone’s largest economy contracted by 0.3% in Q4 2023, while business sentiment improved. The US economic calendar is absent, but recent unemployment claims figures and S&P Global Flash PMIs justify Fed officials’ …

The USD/CAD exchange rate saw volatility on Thursday due to mixed US PMI data and Canada’s retail sales statistics. The pair moved towards the lower end of the range early on Thursday as investors prepared for the US Purchasing Managers Index (PMI) data of the day. The pair is trading …

As Nvidia’s stock surged to an all-time high, the S&P 500 approached a new high and global stock rallies gained momentum.The chip manufacturer, propelled by the surge in demand for AI systems, announced another quarter of record-breaking performance. During afternoon trade, Nvidia’s shares increased by 15%. As a result, the …

The US S&P Global Composite PMI fell from 52 in January to 51.4 in February’s flash estimate, indicating that the private sector’s business activity in the US is still growing, but more slowly than it was in January.During the same time period, the S&P Global Manufacturing PMI increased to 51.5 …

Phillip Jefferson, the Fed Vice Chair of the Board of Governors, delivered a speech on Thursday in Washington, DC, at the Peterson Institute for International Economics.Key QuotesContinuing strength in spending is an upside risk to forecasts.Fed needs to remain vigilant, nimble.Fed shouldn’t be taken by surprise by any unexpected shocks.Fed’s …

In the face of shifting risk appetite patterns and the FOMC Minutes’ lack of surprises, the dollar somewhat weakened on Wednesday. Meanwhile, speculation about when the Fed could cut interest rates for the first time continued to drive general market mood. In the context of continued increases in riskier assets, …

US stocks were able to erase previous losses ahead of Nvidia Corp.’s quarterly numbers, as investors eagerly awaited the firm’s ability to match the high expectations surrounding artificial-intelligence technology. Nvidia has been the poster child of AI enthusiasm, making semiconductor chips that power generative AI and demand for those chips …

Nvidia stock is soaring despite Wall Street’s bad week. Nvidia will pay its next quarterly cash dividend of $0.04 per share on March 27, 2024, to all shareholders of record on March 6, 2024.Nvidia reported earnings after the bell, on Wednesday, beating analysts’ estimates on the top and bottom lines. …

The minutes from the most recent meeting of the Federal Reserve indicate that before hiking interest rates, officials will need to see more proof that inflation is heading downward. Though they aren’t prepared to drop rates just yet, policymakers don’t see rates rising during this economic cycle.Several members of the …

In the North American session on Wednesday, initially the DXY Index fell below 104.00 following the publication of the minutes from the FOMC meeting in January. At the time of writing the Index records 104.040, it is back above the 104.00 mark but with mild loss.Several FOMC members think interest …