Wall Street posted solid gains as Treasury yields tumbled further. Beliefs the FOMC and other DM central banks are done hiking rates continue to boost investor sentiment. Hawkish jawboning from a number of Fedspeakers was generally dismissed. Treasury yields continued to richen, led by the long end. Rates lagged lower after the decent 3-year auction
ECB policymakers keen to cool euphoria over inflation drop FULL STORY The European Central Bank needs to see further progress in dampening inflationary pressures, and companies along with governments need to chip in to prevent more policy tightening, ECB policymakers said on Wednesday. Policymakers speaking at various venues across Europe appeared keen to cool any
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 Analysis and Charts FTSE 100 weighs on minor support The FTSE 100 continues to slide on some disappointing earnings. The index is in the process of testing the early September and early October lows at 7,384 to 7,369 and may drop
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© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk LONDON (Reuters) -The dollar’s rebound extended for a third day on Wednesday after some Federal Reserve policymakers left the door open to further rate hikes, as traders looked to a speech from Chair
Share: USD/MXN consolidates in a tight range of 17.4000 – 17.5900 since Monday. Banxico is expected to keep interest rates unchanged at 11.25%, Investors await Fed Chair Jerome Powell’s conference to gain additional insights into the interest rate trajectory. USD/MXN treads water near 17.5000 during the European session on Wednesday. The pair has
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Commodity Update: Gold, Oil Analysis Gold heads lower on a stronger dollar and pulls back from overbought territory Gold volatility (GXZ) has witnessed a sharp decline after approaching levels synonymous with the banking turmoil earlier this year Brent crude oil drops as global growth outlook outweighs supply concerns The analysis in this article makes use
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