US shares rose, extending last week’s gains, and the dollar retreated with risk on by expectations that inflation is near peaking. The S&P 500 advanced with 10 of the 11 major industry groups in the green. A gauge of the dollar fell for a second day, as all G-10 peers …

The GBP/USD pair edged higher for the second successive trading day, the pair is now testing the 20-day SMA. The pair is rising on Monday and during the American session climbed to 1.1709, reaching the highest level since August 30. The pair has also been holding onto daily gains. In …

The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation declined to a new 10-month low of 5.7% in August from 6.2% in July, as reported by Reuters.Consumers’ 3-year inflation expectation declined to the lowest in nearly two …

With a new trading week, geopolitics could impact financial markets on two fronts, firstly; on the Chinese front, US President Biden is pondering an executive order to screen and restrict US overseas investment in technology development in China. The Chinese embassy in Washington said, Friday, that Beijing opposes the order, …

The US dollar slides as investors balance positions ahead of key US inflation data. The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise against most currencies, ahead of US inflation report that could determine the size of the Fed’s next …

Oil prices surged about 4% on Friday, boosted by real as well as threatened cuts to supply, although futures posted a second weekly decline as aggressive interest rate hikes and China’s COVID-19 curbs weighed on the demand outlook.Russian President Vladimir Putin has threatened to halt oil and gas exports to …

Several Wall Street banks raised expectations this week for the Federal Reserve’s next rate hike. Economists at Bank of America, Goldman Sachs, and Nomura now anticipate a 75 basis-point rate increase at their next FOMC meeting, this is up from previous forecasts of a half percentage-point hike.Following remarks by Fed …

US shares rose in afternoon trading on Wall Street, on Friday, keeping the market on track to break a three-week losing streak.The S&P 500 rose 1.5% as of 1:50 p.m. Eastern and is up 3.6% for the week. The Dow Jones Industrial Average rose 384 points, or 1.2%, to 32,155 …

The crypto market significantly surged amid the stock market’s rally and slight decline of the US dollar, which has been rising sharply in recent weeks. Bitcoin and Ethereum’s rebound led a broader cryptocurrency advance. Bitcoin mining stocks, Bitcoin ETFs and companies heavily invested in crypto also rallied.In Friday afternoon trading, …

Federal Reserve Governor Christopher Waller said on Friday that it was too soon to say whether inflation was moving meaningfully and persistently downward. The US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.6% on a daily basis at 109.00.Additional Quotes“I support another significant …