The EUR/USD pair falls for the second straight day, as sellers are eyeing 1.0800. US New York Empire State Manufacturing Index climbed for the first time in five months. The pair losses traction on technical reasons and on a stronger US Dollar (USD, as speculations that the US Federal Reserve …
Read More »Wall Street floats through a quiet US session ahead of CPI data
Stocks and bonds made small changes on Wall Street on Tuesday as trading was quiet in anticipation of news later in the week that might affect the markets.The S&P 500 lost 0.17 points, or less than 0.1%, to 4,108.94, its smallest one-day movement in more than a year. The majority …
Read More »GBP/USD trading below 1.2400 on misty week’s start
Next Thursday, the UK will reveal crucial macroeconomic data. On the strength of a gloomy market environment, the American Dollar is gaining. With selling pressure present, the GBP/USD pair may decline towards 1.2273. GBP/USD is currently trading at approximately 1.2380 after making a minor recovery from an intraday low of …
Read More »What Does Wall Street Expect From Next Week’s Earnings, CPI Data?
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 »US dollar rebounds despite disappointing US data
The US Dollar Index has rebounded slightly after a two-day slide despite disappointing US data. The inflation component of the PMI survey, the Price Paid sub-index, edged lower to 69.5 from 65.6 in February. The Employment sub-index fell to 51.3 from 54. Economic activity in the US services sector expanded …
Read More »Wall Street closes lower on renewed recession concerns
Tuesday saw a lower closing price on Wall Street as signs of a slowing economy increased worries that the Fed’s efforts to contain decades-high inflation may trigger a severe recession.All three major indices declined after statistics revealed that industrial orders dropped for a second consecutive month and that job vacancies …
Read More »Market Drivers – US Session 03/04/2023
On Monday, OPEC+ surprised the markets by substantially raising crude oil prices, yet Wall Street continued to advance. The regular suspects will once again be the focus on Tuesday. The Reserve Bank of Australia (RBA) will hold its monetary policy meeting, while the Eurozone’s February Producer Price Index will provide …
Read More »Silver exceeds monthly highs amid improved market sentiment
Because of declining US Treasury bond yields, silver prices are trading at fresh monthly highs above $24 per ounce. At the time of writing, silver is trading at $23.974 at the time of writing.US markets are expected to end the month with gains as sentiment continues to be the session’s …
Read More »U.S. stocks are rising after inflation data boosts hopes for Fed pause
As a crucial inflation figure came in lower than anticipated, U.S. equities were up. The Dow Jones Industrial Average was up 171 points, or 0.5%, at 10:01 ET (14:01 GMT), while the S&P 500 and the NASDAQ Composite were also higher. The Federal Reserve constantly monitors the personal consumption expenditure …
Read More »Dow jumps more than 100 points on easing banking fears
With a gain of 0.57%, the S&P 500 finished at 4,050.83. The broad market index reached its highest point since March 7 throughout the day. The Nasdaq Composite rose 0.73% to close at 12,013.47 as investor interest in tech equities remained high. To close at 32,859.03, the Dow Jones Industrial …
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