Tag Archives: Forex

The US dollar continued its downward trajectory on Tuesday, succumbing to pressure from rising risk appetite and mounting expectations of a Federal Reserve interest rate cut. The greenback closed lower against a basket of major currencies, including the euro and the pound, as investors flocked to riskier assets. The Federal …

US stocks rallied on Tuesday, driven by anticipation of Nvidia’s second-quarter earnings and expectations for a potential Federal Reserve interest rate cut. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted modest gains. Nvidia, a tech titan, is under the spotlight as investors await its earnings report, …

The German economy experienced a slight contraction of 0.1% in the second quarter of 2024, reversing the modest growth seen in the first quarter, according to official data released by the Federal Statistical Office on Tuesday. Economic Performance Overview The quarter-on-quarter shrinkage follows a 0.2% expansion in Germany’s Gross Domestic …

European stocks remained subdued on Monday, with the pan-European STOXX 600 index trading flat at 518.22 by 0708 GMT. The market is cautiously awaiting a series of significant economic reports throughout the week, which could influence investor sentiment and market movements. Market Overview:The STOXX 600 index remained steady after touching …

European shares were largely flat on Friday as investors adopted a cautious stance ahead of a crucial speech by Federal Reserve Chair Jerome Powell, scheduled for later in the day. The pan-European STOXX 600 index edged up 0.1% to 516.28 points by 0709 GMT, maintaining gains after hitting its highest …

Germany’s business activity continued to shrink in August, marking the second consecutive month of contraction and signaling deepening challenges for the eurozone’s largest economy. A preliminary survey released on Thursday revealed that the downturn was more severe than economists had anticipated. PMI Index Highlights Economic Struggles The HCOB German flash …

European shares were mostly flat on Tuesday as investors held back from making significant bets ahead of crucial euro zone data. The pan-European STOXX 600 index remained stable at 514.87 points as of 0710 GMT, after reaching a three-week high in the previous session. Sector Highlights: Energy Stocks Fall: The …

European shares opened flat on Monday, stabilizing after their best weekly performance in three months, as investors geared up for a data-heavy week. The primary focus is on U.S. Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium, which could provide insights into potential interest rate cuts. …

European shares opened higher on Thursday as favorable inflation data reinforced expectations of a U.S. rate cut in September, while a strong earnings report from insurer Admiral added to the positive market sentiment. By 0710 GMT, the pan-European STOXX 600 index had risen 0.2%, approaching a two-week high and marking …

The US dollar weakened again today as continued signs of cooling inflation diminished expectations for further interest rate hikes. The Dollar Index fell to its lowest level in several days as July’s CPI data reinforced the trend of declining inflation.Key economic indicators will be released today in the US, including …