Tag Archives: Wall Street

At the time of writing, the EUR/USD pair is down 0.45% in the North American session, to 1.0833, after rising to 1.0915, helped by the Fed’s policy outlook. The Eurozone’s decline in confidence and the ECB’s tighter credit policy impact the euro against the greenback.Future US GDP estimates and ECB …

Joshua Shifrin, the international head of trading strategy at Goldman Sachs, has stated that the bank anticipates the US Federal Reserve to cut interest rates four times in 2024. He also expects inflation in the United States to reach 2% during the year. Shifrin suggests that the first half of …

Tuesday saw a decline in US stocks as investors continued to monitor the direction of interest rates following a mediocre start to the earnings season that was marked by significant bank results.The S&P 500 fell 0.2% and the Dow Jones Industrial Average fell 0.4%. Despite briefly entering positive territory during …

A drop in producer prices caused Treasury two-year yields to drop to their lowest level since May, suggesting that the Fed may cut rates this year. This comes after a higher-than-expected figure on consumer prices, which highlights how difficult it is to meet inflation targets.Wall Street analyzed bank results and …

The US Dollar rose on Wednesday, supported by US economic data and a slight deterioration in market sentiment as well as hawkish remarks by Fed’s Patrick Harker on the rate policy outlook.Holiday-linked rally was paused, with Wall Street’s main indexes about to end a five-day positive streak on profit taking. …

The Japanese Yen suffered a significant decline on Tuesday as a result of the Bank of Japan’s dovish stance. Governor Kazuo Ueda noted the challenge of articulating a plan to leave the negative interest rate policy, but the BoJ did not specify a timeline for liftoff. The USD/JPY pair first …

The Treasury market is focusing on short-term debt with a 4%-plus yield as the Fed gears up to lower rates and support a soft landing. This sentiment is driven by the belief that the economy may avoid a recession and investors’ lack of appetite for longer-term securities. The two-year Treasury …

As of writing, the price of gold has surged by 0.55% to $2,038.16 per ounce. The yield on the 10-year US Treasury note is at its lowest level since July as interest rates continue to decline. The US Core Personal Consumption Expenditures (PCE) Price Index is still the major focus. …

Goldman Sachs said the disruption to energy flows in the Red Sea would likely not have a major impact on crude oil and liquefied natural gas prices, as opportunities to reroute ships meant production should not be directly affected. Oil prices rose on Tuesday, continuing the gains they achieved in …

According to Wall Street analysts, there is a chance that oil prices could possibly rebound in the upcoming year, though probably not much. Five major banks have projected that the global benchmark Brent will average roughly $85 per barrel in 2024, down from its current level of $77.Goldman Sachs Group …