The Dow Jones Industrial Average gained 455 points, or 1.46%. The S&P 500 rose 1.79% and the Nasdaq Composite ticked up 2.06%, attempting to break a seven-day losing streak.Stocks rallied as Fed Vice Chair Lael Brainard reaffirmed that the central bank would do what it takes to stifle inflation, while …

The Fed’s Beige Book has noted that US economic activity is still under pressure and that “the outlook for future economic growth remained generally weak”.The Fed released its latest summary of feedback from business contacts nationwide as policymakers are considering whether to proceed with a third straight 75-basis-point interest rate …

Treasury yields have been in focus again prior to the open, with the yield on the benchmark 10-year Treasury note rising more than 11 basis points to 3.314%, while its 2-year counterpart rose about eight basis points to 3.481%.Wednesday’s moves come after the 10-year note jumped to its highest level …

Fed Vice Chair Lael Brainard reiterated on Wednesday that the Fed’s policy rate will need to rise further and that they will need to keep the policy restrictive ‘for some time’.The US Dollar Index showed no immediate reaction to Brainard’s comments and was last seen losing 0.25% on the day …

Dow jumps 200 points Wednesday, Nasdaq tries to snap 7-day losing streakUS shares surged on Wednesday. The shares are trying to abandon three-week slide as rates and oil prices eased, cooling investor concerns about continued high inflation.The Dow Jones Industrial Average gained 280 points, or 0.9%. The S&P 500 rose …

Russia could maximize revenues if it decides to resume selling natural gas to the EU member states again. Russia may have to turn the natural gas tap back on for Europe, Citi’s global head of commodities research said Wednesday. Russia has halted Nord Stream 1 flows, and Europe is facing …

The USD/CAD is soaring despite Wednesday’s 75 bps rate hike by the Bank of Canada, from 2.50% to 3.25%, amid mixed market sentiment, with most global equities tumbling, except for US stocks.At the time of writing, the USD/CAD edges up 0.18%, trading at 1.3174, above its opening price at 1.31510.The …

According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 1.4% in the third quarter, down from 2.6% in the previous estimate.This report doesn’t seem to be having a significant impact on the dollar’s performance against its rivals. …

The US dollar extended its gains, ending Tuesday higher against most rival currencies. The EUR and the JPY were the worst performers, falling to multi-year lows against their American rival. EUR/USD traded as low as 0.9863, now hovering around 0.9900, while USD/JPY trades a handful of pips below 143.07, a …

At the time of writing, the precious metal trades around $1703. Earlier on Tuesday, gold future traded at $1712.80 with net decline of $9.80 or – 0.56%. Concurrently the dollar index was up 71 points or 0.65% and fixed at 110.22. This could mean that there was fractional buying in …