Stocks progressed on Tuesday as technology stocks recouped some losses, when a rotation away from growth names picked up steam as concerns over inflation lingered. The Nasdaq gained more than 1% after the index dropped over 2% a day earlier. Both the S&P 500 and Dow each also gained over …

The NZD/USD pair is fluctuating in a relatively tight range on Tuesday. The Reserve Bank of New Zealand is expected to hike its fiscal policy rate by 25 basis points on Wednesday. Meanwhile, the U. S. Dollar Index has clinged to modest daily gains, and stayed below 94.00. The NZD/USD …

The USD/CHF pair has remained biased higher on the long term. The US dollar has regained lost ground on Tuesday, following three successive days in the red area, after bouncing at 0.9225 lows and return to levels near 0.9300.The safe-haven Swiss Franc has lost ground due to a moderate risk …

Senator Elizabeth Warren said revelations about investment transactions last year by Federal Reserve officials calls into question Jerome Powell’s leadership of the U.S. central bank.“For Fed officials to actively trade in the market raises legitimate questions about conflicts of interest and insider trading,” the Massachusetts Democrat said Tuesday during a …

The European Central Bank is closely watching inflation expectations and wage developments as predicting the length of disruptions caused the economy’s post-pandemic reopening is difficult, ECB President Christine Lagarde said. “We should not overreact to supply shortages or rising energy prices, as our monetary policy cannot directly affect those phenomena”, …

The EUR/USD pair has reversed part of recent gains and returned to 1.1600. Sellers returned to the market and forced EUR/USD to abandon the area of recent highs and refocus once again on the 1.1600 hereabouts.After two successive daily pullbacks, the EUR/USD pair now trades on the defensive and hovers …

New Zealand’s dollar declined 0.34% to $0.6939, away from a four day peak at $0.6981.The Reserve Bank of New Zealand will decide on the state’s fiscal policy on Wednesday, with markets expecting a quarter point rate hike. With markets already pricing a rate hike cycle, the likelihood of material NZD …

The IBD/TIPP Economic Optimism Index, a pioneering national poll on consumer confidence, declined for the fourth consecutive month. The October index fell another 3.6% after September’s 9.5% drop, moving from 48.5 last month to 46.8 this month, and remained in the negative territory for the second successive month.For the IBD/TIPP …

Natural gas contracts have hit new highs in Europe on Tuesday, as soaring prices continue to put pressure on the continent’s energy sector ahead of winter months.November delivery contracts at the Dutch TTF hub, a European benchmark for natural gas, were trading at around 118 Euros per megawatt hour just …

Early Tuesday morning in Asia, CNN came out with the news suggesting a different approach by U. S. President Joe Biden to get his infrastructures spending plan through the Senate during a group of House progressives.The Democrats said to have backed the need to trim the top line of the …