The US dollar traded with a soft tone on Thursday, ending the day mixed across the board. The EUR was among the weakest, while the AUD and the CAD were the strongest. Economic DataDisappointing US employment-related figures were behind the broad dollar’s weakness at the beginning of the American session, …
Read More »US Shares In Like A Lion, Out Like A Lamb
Dow Jones futures fell slightly overnight, while S&P 500 futures and Nasdaq futures lost some ground. For the second straight in a row, the major indexes tried to rebound but were pulled lower with sharp losses, extending the stock market correction.The Dow Jones Industrial Average fell 0.9% in Thursday’s stock …
Read More »US Shares Briefly Up As focus Turns To Netflix Earnings
US equities are trading broadly higher on Thursday, as stocks in the region track gains seen in Europe and, before that, Asia markets are the PBoC on Thursday took further steps to ease monetary policy. The Chinese central bank cut its one-year loan prime rate to 3.7% from 3.8% and …
Read More »The Nikkei index is Recovering After Falling to a Five-Month Low
Japan’s Nikkei rose on Thursday after falling to a five-month low, boosted by gains in Sony and other video game makers, and after China ramped up monetary easing measures to boost a sluggish economy by cutting a set of key interest rates. The Nikkei increased at a close 1.11% to …
Read More »Market Drivers – US Session – 19-01-2022
Demand for the US dollar eased on Wednesday, with the American currency edging lower against most major rivals. Losses were limited across the major currencies, with gold outstanding amid rallying beyond $1,840 an ounce, its highest since last November.US Treasury yields inched higher at the beginning of the day to …
Read More »US Shares Lower Despite Positive Earnings
US equities dipped again on Wednesday, with the S&P 500 failing to reclaim 4600 and down over 4.0% in 2022. The Nasdaq 100 dipped 0.2% and the Dow fell 0.3%.US equity markets have been under selloff pressure on Wednesday, with markets under fears about Fed tightening and higher interest rates, …
Read More »Inflationary Pressures Turning Into Global Headache
Demand for the US dollar eased on Wednesday, with the American currency edging lower against most major rivals. Losses were limited across the major currencies, with gold outstanding amid rallying beyond $1,840 an ounce, its highest since last November.US Treasury yields inched higher at the beginning of the day to …
Read More »Nikkei Index Falls to Its Lowest Level in 5 Months
Nikkei index falls to its lowest level in 5 months, affected by the decline of Toyota and Sony Toyota’s stock fell 4.97% after it said it expected not to achieve its goal of selling 9 million vehicles annually due to the chip shortage crisis. 12 shares rose on the Nikkei …
Read More »Market Drivers – US Session – 18-01-2022
The US dollar has been the most prominent winner, and performed up against all major rival currencies. US Treasury yields soared to fresh highs with the yield on the 10-year note reaching 1.856% and that on the 2-year note surpassing 1%, and consequently impacting gold prices. At $1,813.56, gold is …
Read More »Most Important Question Marks About FOMC’s January Meeting
The Federal Open Market Committee meets for the first time in 2022 on 25-26 January. FOMC meeting comes at a critical time as far as US inflation is concerned.With headline consumer price index reaching 7% year-over-year; reflecting increases in a wide range of major categories, and unemployment moving below 4%, …
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