The dollar index held onto modest gains by late US trading session on Monday but was well off its highs as Treasury yields slid in the face of falling stocks, while Omicron uncertainties and Fed event risks also loomed over markets.Omicron fears increased after the WHO said the variant poses …
Read More »Gold Price, USD 1810 Eyed
On Monday, the price of gold started off as investors are eyeing a breakout to test the familiar daily resistance near USD 1815. The yellow metal is higher by some 0.3% and has travelled between a low of USD 1781.89 and a high of USD 1791.65.The start of the week …
Read More »White House: US, Allies Will Respond To Russia’s Aggression
“US and its allies would respond to Russia’s aggression,” said the White House early Friday. The news came after chatters that Russia rejected Ukraine’s proposal to strengthen the July 2020 ceasefire.The White House communiqué also mentioned that US President Joe Biden reaffirmed the United States’ unwavering commitment to Ukraine’s sovereignty …
Read More »Wall Street, European Stocks Jump on Powell’s Second Term News
Wall Street shares rose to record levels on Monday and European stocks turned into the positive territory after US President Joe Biden picked Jerome Powell to continue as Chair of the Federal Reserve Bank, in a move welcomed as a signal of stability by global investors.The S&P 500 rose 0.92% …
Read More »The Dollar Rises by NFP Data Before Retreating
The U. S. dollar jumped on Friday to hit highest level in a year, after official data revealed more solid U.S. job growth in October, but the American currency retreated in late trading as risk appetite improved and stocks surged.NFP increased by 531,000 jobs last month, above expected 450,000, as …
Read More »U.S. Stock Futures Are Almost Flat, Awaiting The Fed
US stock futures were almost flat in morning trading on Wednesday as investors awaited a decision from the Federal Reserve on its move to start tapering, and the Dow Jones Industrial Average futures fell 51 points. S&P 500 futures were flat, Nasdaq 100 futures rose slightly, and the three major …
Read More »USD ready to resume advance
Risk turned off on Thursday leading the USD to reap the most out of it. The dollar weaker yesterday, but it managed to appreciate against most major rivals, except safe-haven CHF and JPY.There was no certain catalyst behind the retreating risk appetite although inflation-related concerns constitute one part of the …
Read More »US Stock Futures Are Down on Thursday Morning
Stock futures fell in early trading on Thursday after the blue-chip Dow Jones Industrial Average regained its highest level in the previous session amid strong corporate earnings, Dow futures fell 104 points or 0.2%, and S&P 500 futures fell By 0.2%, the Nasdaq 100 futures contract lost 0.2%. IBM shares …
Read More »Wall Street surges as earnings stir risk appetite
U. .S. stock indexes surged on Tuesday over positive results from several companies. Earnings have stirred up risk appetite, after big banks had announced third quarter positive earnings last week.The S&P 500 index is now 0.7% away from a record high hit last September, while investors hope that a flow …
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