The USD/CAD pair is eagerly awaiting BoC’s rate decision this week and the build-up momentum ahead of the Fed’s policy meeting next week. The USD/CAD is flat on the day following stock market volatility. The USD/CAD is flat on the day after journeying between the 1.3346 low and the 1.3413 …
Read More »US Stocks hand back previous gains as January’s rally loses momentum
US Stocks gave back earlier gains on Wednesday as investors put an end to the new year’s rally, now in its third week. The latest reversal could be attributed to a combination of fluctuations as well as skittishness and profit taking.The Dow Jones Industrial Average fell 436 points, or 1.3%, …
Read More »US Stocks had biggest midday moves on Q4 earnings
Shares of JPMorgan, which is the biggest US bank by assets, surged more than 2% after the firm posted Q4 profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 billion, or $3.57 per share. Interest income at the …
Read More »US stocks edges higher after CPI data
The Dow Jones Industrial Average advanced modestly on Thursday post the December’s consumer price data that came as expected, indicating cooling inflation in the United States.The 30-stock index gained 140 points, or 0.4%. The S&P 500 added 0.1%, while the Nasdaq Composite was little changed.Fed’s Susan Collins said in an …
Read More »US stocks surge after Powell’s speech
US stocks closed higher, on Tuesday, following a choppy session, as markets digested a downgraded global outlook from the World Bank and awaited key inflation data. US stocks have made modest gains after Fed Chair Jerome Powell had said the US central bank may need to make unpopular decisions to …
Read More »US stocks jump as NFP data eases rate policy worries
The nonfarm payrolls rose by 223,000 jobs in December according to the data announced by the US Labour Department while a 0.3% rise in average earnings was smaller than expected and lower than the previous month.The numbers for November were revised to show nonfarm payrolls rose by 256,000 and average …
Read More »US stocks swing as investors digest economic data, FOMC minutes
The S&P 500 was up a modest 0.1% in the afternoon, falling from a session high of more than 1% after minutes came in more hawkish than anticipated. The Dow Jones Industrial Average fell 0.2%, and the technology-heavy Nasdaq Composite was roughly flat.US stocks wobbled in back-and-forth trading Wednesday as …
Read More »US stocks heading tow third-successive losing week
US stocks extended their losses on Friday as they encountered extended selling that has become a general trait of December ahead of the long holiday weekend.The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each sank 0.5% after struggling for direction at the open. The technology-heavy Nasdaq Composite (^IXIC) …
Read More »Wall Street slides on positive US economic data
Wall Street’s major indexes dropped on Thursday after fresh US economic data underlined the US economy’s strength and erased concerns over the Federal Reserve’s continued monetary policy tightening.Losses in rate-sensitive megacap growth stocks such as Apple Inc., Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower.The final …
Read More »bitcoin Can Bitcoin hold above $17,000 before new year?
Bitcoin is trading at $16764 at the time of writing. The most famous cryptocurrency is struggling below $17,000 as the new year draws nearer. BTC fades a bit with some profit-taking. Simultaneously, US stocks are in the green territory and provide more tailwinds and help Bitcoin traders build up considerable …
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