As the day works toward the close, the major US stock indices have turned into negative territory: Dow Industrial Average is down 61 points or-0.18% at 34000.61 S&P index is down -9.36 points or -0.21% of 4349.01 NASDAQ index is down -22.71 points or -0.71% at 13455.90 All 3 major indices or trading between their
This week there have been some big shifts on the market’s thinking around the path of Fed policy. Given the market moves, it’s no surprise that’s in a dovish direction. At the start of the week, the Fed funds futures market was pricing in 74 bps of rate cuts by the end of 2024. That’s
Share: Australian Dollar’s strength is reinforced by stronger Retail Sales. Australia’s Retail Sales surged to 0.9%, significantly higher than the market consensus of 0.3%. US and China have agreed on a meeting between Presidents Joe Biden and Xi Jinping in November. US Dollar encountered a challenge after a moderate Core PCE Price Index data on Friday.
Gold (XAU/USD) Analysis, Prices, and Charts US Treasury yields are subdued and a mild risk-on sentiment prevails. Central bank policy decisions may change the landscape. Learn how to trade gold with our free guide Recommended by Nick Cawley How to Trade Gold DailyFX Economic Calendar Gold is treading water in early trade with little fresh
© Reuters. The Nigerian Naira continued its downward trend against major currencies, hitting a record low on Monday. Despite the Central Bank of Nigeria’s (CBN) efforts to manage the currency value by floating it on June 14 and lifting forex restrictions on commodities, the Naira’s depreciation persisted. According to Aboki FX, the Naira started the
Share: GBP/USD struggles to extend gains as US Dollar rebounds. UK Retail Sales dipped to 0.9% against the expected 0.1% decline. Upbeat US Treasury yields provide support to underpin the Greenback. GBP/USD struggles to continue the winning streak. trading around 1.2160 during the Asian session on Monday. However, the currency pair encountered a hurdle
© Reuters. 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 U.S. dollar swayed in a tight range on Tuesday as traders took stock of developments in the Middle East and braced for speeches this week by central bank officials, while the
Share: Australian Dollar continues to gain post-release of the RBA Meeting Minutes. RBA board members favored to maintain the current interest rates. Australia’s Consumer Confidence declined to 76.4 compared to the previous figure of 80.1. US Dollar faces challenges due to the dovish comments made by multiple Fed members. Fed member Patrick Harker
The major European stock indices are closing the day lower. The German Dax was the weakest. German Dax -1.55% at 15186.67 France CAC -1.42% at 7003.54 UK’s FTSE 100 -0.59% at 7599.59 Spain’s Ibex -1.10% at 9232.91 Italy’s FTSE MIB -0.92% at 28230.89 For the trading week, the indices are closing with mixed results: German
The major US indices are closing higher for the day. The gains came despite strong and expected US jobs report and higher yields. Traders are hoping that the tame wage data and the unemployment rate remaining unchanged at 3.8% (expected 3.7%) will keep the Fed on hold. Next week we get key consumer price index
