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The yield curve inversion between the 2-year and 10-year Treasury notes deepened to its widest level in four decades. The spread between the 2-year and 10-year extended to a mark of -66 basis points early Thursday, marking the deepest inversion since 1982.In early market action, the 10Y was up 9 …
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18 May, 2024 12:31 am
Walmart’s Strong Earnings and High-End Customer Base
Walmart recently revealed first-quarter fiscal earnings that were higher than anticipated. During th…
17 May, 2024 10:47 pm
Dow Jones marginally rises on quiet Friday trading
With a marginal increase, Dow Jones seems unchanged on quiet Friday, although it was still significa…
17 May, 2024 9:14 pm
US Dollar Seems Neutral Amid Cautious Remarks By Fed Policymakers
As of right now, the US dollar index is trading at 104.50, indicating a neutral performance (DXY). S…
17 May, 2024 7:46 pm
GBP/USD Rallies as bulls aim for YTD high
During the North American session on Friday, the GBP/USD pair recovered from its losses on Thursday …
17 May, 2024 7:15 pm
Weaker Canadian Dollar May Not Stop BoC’s Divergence From Fed’s Path
In order to prevent a falling currency that could jeopardize the outlook for inflation, the Bank of …
17 May, 2024 1:42 pm
Bitcoin Reverses Gains Amid Fed Warnings on Interest Rates
Bitcoin prices dipped slightly on Friday, erasing some of the gains seen in the past two days as cau…
17 May, 2024 11:38 am
European Stocks Edge Lower Ahead of Key Inflation Data
European stock markets retreated slightly on Friday, as investors awaited crucial inflation data ami…
17 May, 2024 10:33 am
Dollar Faces Largest Weekly Drop Against Euro in Over Two Months Amid Cooling U.S. Inflation and Economic Slowdown
The dollar is on track for its biggest weekly decline against the euro in two and a half months, as …
17 May, 2024 9:59 am
Gold Prices Dip Amid Fed Officials’ Cautious Stance, but Weekly Gains Persist
Gold prices saw a slight decline on Friday, trimming some of the week’s gains, as Federal Rese…
17 May, 2024 9:30 am
Asian Markets Retreat Amid Fed Warnings and Mixed Chinese Data
Asian stock markets faced declines on Friday as a series of warnings from Federal Reserve officials …
Market Analysis
November, 2022
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18 November 2022 12:26 am
SNB Maechler: Will continue to raise rates if inflation above target
The Swiss National Bank will continue to raise rates if inflation projections are seen above target according to SNB’s governing board member Andrea Maechler.On Thursday, Maechler also noted that the battle against inflation has not been won despite a dip in Swiss inflation to 3.0% in October from 3.3% in …
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17 November 2022 11:06 pm
S&P 500 falls as rising T-yields trigger recession fears
The S&P 500 fell on Thursday and US bond yields jumped as Fed officials signaled their rate-hiking campaign to slow inflation is not over.The Dow Jones Industrial Average was little changed, after falling as much as 314 points in the session. The S&P 500 slipped 0.25%, while the Nasdaq Composite …
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17 November 2022 10:26 pm
Pelosi to step down from US House Speaker role
US House Speaker Nancy Pelosi, who became Speaker of the House in 2007, announced that she will step down from her congressional leadership role, ending a two-decade streak as the top House Democrat. Pelosi’s statement, on Thursday, comes after signs that the Democrats will narrowly lose their House majority to …
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17 November 2022 9:38 pm
USD/CAD surges on hawkish remarks by Fed speakers
Hawkish commentary by Federal Reserve officials underpinned the US Dollar. US economic data was mixed as unemployment claims dropped, while housing data delivers a gloomy outlook.Wednesday’s Canadian Consumer Price Index failed to underpin the Canadian dollar which weakened versus the US Dollar after Federal Reserve policymakers expressed that inflation remains …
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17 November 2022 8:51 pm
USD/CAD could decline to the 1.25 level towards the end of 2023
At the time of writing, the is trading at 1.3362 versus the previous closing rate at 1.3327. In 2023, the Canadian Dollar may emerge as a more attractive financial asset in the face of fluctuations. Economists believe that the USD/CAD pair could drop to the 1.25 level.Overall commodity picture should …
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17 November 2022 7:58 pm
Performance of shares, sterling reacts to UK new budget
Irritating recession and interest rate worries impacted Europe’s markets on Thursday, and the pound fell as the United Kingdom seeks a way out from its disastrous fiscal experiment to leave it behind it with a new budget that is largely conceived of as austere-looking.Early optimism about Siemens’ earnings and expectations …
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17 November 2022 6:57 pm
Bullard: 5%-5.25% Minimum level for Fed policy rate
St. Louis Federal Reserve President James Bullard said on Thursday that a minimum level for a restrictive Federal Reserve (Fed) policy rate would be 5% to 5.25%, as reported by Reuters.The US Dollar Index edged slightly lower in the last hour but it was still up 0.6% at 106.90 at …
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17 November 2022 5:04 pm
Russia confirms the extension of the grain export agreement across the Black Sea
On Thursday, a statement by the Russian Foreign Ministry confirmed that the agreement to export grain through the Black Sea will be extended for 120 days, starting from November 18, without any amendments to the current agreement. The statement added that Moscow assumes that Russian concerns related to easier conditions …
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17 November 2022 3:10 pm
Dollar is stable amid mixed indicators from US economy and GBP is rising
The dollar was little changed on Thursday as investors digested mixed US economic data, while the British pound rose ahead of the government’s budget plans. The greenback has fallen in the past few weeks as inflation data and comments from Federal Reserve officials suggested the bank could soon slow the …
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17 November 2022 1:41 pm
German stocks lead Europe higher after Siemens data
German stocks led European indices higher at the open on Thursday, supported by data from Siemens, which recorded an optimistic rise in quarterly profits, while investors await the UK budget, which is expected to restore confidence in the British economy. The German DAX rose 0.9%, while the pan-continental Stoxx 600 …
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17 November 2022 1:01 pm
Gold is stabilizing as geopolitical tensions ease
Gold prices stabilized on Thursday as demand for the precious metal declined due to the latest geopolitical concerns, while hopes that the Federal Reserve (the US central bank) would be less aggressive in raising interest rates in the coming months boosted the markets. And by 0103 GMT, there was little …
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17 November 2022 12:17 pm
Nikkei closed lower on chip stocks
Japan’s Nikkei closed lower on Thursday, as Tokyo Electron and Advantest led chip-related stock losses after Micron Technology cut memory chip supplies and capital spending, while travel stocks jumped thanks to an increase in foreign tourists. Micron was the first major chip maker to sound the alarm about falling demand …
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