Investors are more confident now than they were before the banking crisis in March that the Fed will lower interest rates in the second half to prevent a recession. Bond yields have decreased as a result of such bets, boosting the massive growth and technology stocks that control broad market …
Read More »Friday’s NFP reading to set the scene for noteworthy scenarios
On Friday, when markets are closed worldwide for Easter, the official US jobs report will be released. The increase in nonfarm payrolls for March is anticipated to be 240,000. The trade volume on Friday is probably going to be thin, with volatility spiking around the NFP report. There won’t be …
Read More »Fed’s Bullard expects future of inflation to be “sticky”
James Bullard, president of the St. Louis Federal Reserve, stated on Thursday that he believes future inflation will be sticky. He believes that present interest rates are at the low end of a properly restrictive range in terms of monetary policy. To bring inflation back on track, he said that …
Read More »Market Drivers – US Session 05/04/2023
Despite gloomy US data, the US Dollar rose after two days of significant losses. On Wednesday, bonds increased in value while equities on Wall Street finished neutral. Even though economic data and stock prices are slowing down, the bond market is still warning of an impending recession. From two-month lows, …
Read More »USD/CHF struggles to recover ahead of Swiss Unemployment
Early on Thursday, the USD/CHF pair declines to 0.9060 after an unsuccessful attempt to rebound from the 22-month low set the previous day. As a result, the Swiss Franc pair applauds the US Dollar’s general weakening before significant employment statistics.On Wednesday, the dollar had a corrective rebound as negative US …
Read More »GBP/USD struggles amid recession fears, speculations on Fed’s pause
the GBP/USD faces strong resistance at around 1.2500 and retraces due to market’s risk aversion as investors assess a possible recession in the United State. The latest US economic data paints a gloomy scenario, which is already foreseen by the US Federal Reserve (Fed) as the last piece of the …
Read More »US private sector employment rises by 145K in March vs. 200K expected
According to figures released on Wednesday by Automatic Data Processing (ADP), private sector employment in the US increased by 145,000 in March. This reading was lower than the 200,000 market forecast. Positively, February’s reading of 242,000 was increased to 261,000. Nela Richardson, chief economist of ADP, commented on the figures, …
Read More »Futures rise on gains in tech, growth shares; focus on jobs data
On Tuesday, advances in technology and growth sectors helped push U.S. stock index futures higher as investors anticipated important economic data that might determine the Federal Reserve’s course for monetary tightening. While sales of its Chinese-made electric vehicles increased in March, Tesla Inc. gained 1% in premarket trade. Its shares …
Read More »Gold fell as fears of raising US interest rates worsened after the OPEC+ surprise
Gold prices fell on Monday after a surprise announcement by OPEC+ to cut oil production raised concerns about inflation and increased bets on a rate hike at the next Federal Reserve meeting in May. Spot gold prices fell 0.8 percent to $1951.37 an ounce by 0401 GMT, the lowest level …
Read More »Financial Markets’ Weekly Recap, March 27-31
Wall Street rose on Friday, with the Nasdaq index posting its biggest quarterly percentage gain since June 2020, after signs of easing inflation raised hopes that the Federal Reserve would soon end its aggressive campaign to raise interest rates. The Standard & Poor’s 500 Index posted gains for the second …
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