Market Update

“Eurozone inflation is at risk of getting entrenched above 2% so the European Central Bank will keep fighting excessive price growth, even as its policy response is shifting gears,” said French central bank chief Francois Villeroy de Galhau late Tuesday per Reuters.The EUR/USD pair grinds higher and holds onto the …

Stocks and bonds made small changes on Wall Street on Tuesday as trading was quiet in anticipation of news later in the week that might affect the markets.The S&P 500 lost 0.17 points, or less than 0.1%, to 4,108.94, its smallest one-day movement in more than a year. The majority …

As the US dollar declines, WTI crude oil surges to test resistance once more. Reduced crude oil output keeps the price of black gold higher. On Tuesday, WTI oil prices increased by over 2% to $81.55 per barrel as investors prepared for data that would reveal additional reductions in US …

The US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Wednesday, April 12. As markets get closer to the release time, economists and researchers of 10 major banks published their forecasts regarding the upcoming US inflation reading for …

Federal Reserve Bank of Chicago President Austan Goolsbee, said on Tuesday that policymakers need to be cautious about raising interest rates after recent development in the banking sector. He mentioned that the central bank needs to assess the potential impact of the financial stress on the real economy. Speaking at …

The GBP/USD pair is up by +0.05% and is trading at 1.2430. While risk sentiment has strengthened, the British pound has found stability in a crucial support level, keeping sterling close to the 10-month high it reached last week on speculation that interest rates will shortly peak and decline later …

The US Dollar performs negatively on Tuesday and weakens against its major rivals as investors gear up for the highly anticipated March Consumer Price Index (CPI) data from the US. The US Dollar Index, which closed the previous four trading days in positive territory, retreats toward 102.00, reflecting the lack …

Investor caution ahead of the release of significant inflation data and the minutes from the most recent Federal Reserve meeting is expected to prevent U.S. stocks from opening Tuesday’s trading session slightly higher. At 11:00 GMT, the Nasdaq 100 futures were up 20 points, or 0.2%, the S&P 500 futures …

On Tuesday, traders shifted their focus to U.S. inflation data due on Wednesday in search of clues as to how near U.S. rates are to peaking, and the dollar gave back the gains made the day before against the euro and the pound. As most European markets opened following the …

European stocks rose on Tuesday as investors returned from a long weekend to face a week full of important economic data that is expected to provide more clues about the path of interest rates globally. The pan-European Stoxx 600 rose 0.5 percent, with mining and auto stocks leading the gains, …