US Treasury bond yields were lower on Friday, though off session lows, as traders assessed the recent hawkish Federal Reserve stance as the central bank tries to balance rising inflation against the economic toll of the Omicron coronavirus variant.Yields edged up in the short end, overall flattening the curve after …
Read More »EUR/USD Falls Post-Fed, ECB Policy Meetings
The US central bank doubles its QE reduction to USD 30 billion, eyeing three rate hikes in 2022. The ECB announced a “hawkish” hold, PEPP to end in March as scheduled.On Friday, the EUR/USD plunges during the New York session, trading at 1.1237, down by 0.85%. The market sentiment is …
Read More »Hot inflation, Omicron, Withdrawn Stimulus Shaping Economic Outlook For 2022
The US economy is expected to slow in 2022 in comparison to 2021, but economic growth will continue at a pace that is above average. Consumers have powered the economic recovery since mid-2020 and that will continue in the coming year.Consumer spending is expected to rise another 4% to 5% …
Read More »USD/CAD Surges as Hawkish Fed’s Waller Spurs USD Gains
The USD/CAD pair is approaching 1.2900 after hawkish comments from Fed member Waller, who said that March meeting was live. A break above 1.2900 would likely open the door to a test of the initial post-Fed meeting highs near 1.2940.Some had thought that this week’s rollercoaster ride in Forex markets …
Read More »Gold Prices Moved By Keener Risk Aversion On Friday
Gold futures climbed back above the $1,800 mark on Friday to post their highest settlement in nearly four weeks. The precious metal’s rise above the key $1,800 level appears to be driven by broad capital flows leaving risk markets and moving into defensive havens such as gold. Gold (XAU/USD) advances …
Read More »NY Fed’s Williams: Raising Rates Be Positive Event For US Economy
The Federal Reserve raising interest rates next year would signal the central bank feels good about the country’s economic recovery, New York Fed President John Williams said Friday.“I go into next year feeling [like] the baseline outlook is a very good one. Therefore, actually raising interest rates would be a …
Read More »S&P 500 Bounces On Quad Witching day
US stock markets have maintained uneven performance on the final trading day of the week as traders still busy digesting this week’s Fed’s hawkish signals pivot and a continued rise in global Omicron Covid-19 variant infections.The S&P 500 was last down 0.1%, though it bounced from earlier session lows in …
Read More »Fed’s Decisions Digestion Pull Wall Street lower
US stocks are digesting Fed’s decisions after the positive kneejerk reaction, which led to the decline of most New York Stock Exchange indices. The Dow Jones Industrial Average fell to 35578 points, after adding about 327 points, or 1.00%. S&P500 fell to 4,649 points, losing about 19 points, or 0.4%. …
Read More »Oil Prices Are Heading Towards a Weekly Loss Due to The Uncertainty Related to Omicron
Oil prices fell on Friday, heading towards a slight weekly loss, with an increase in infections with the new Omicron mutant from the Coronavirus, which reinforced fears of imposing new restrictions that may negatively affect demand for fuel, while the decline in the dollar supported commodity markets on a large …
Read More »Oil Extends Gains On Dropping Stockpile, Weaker Dollar
Oil rose for a second day after the US reported the biggest crude stockpile drop since September while the dollar slipped.Futures in New York gained 2.1% on Thursday in a thinly traded session as a weaker dollar helped bolster the appeal of commodities. The price of WTI crude rose by …
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