Share: GBP/USD Price Analysis: Gains traction below 1.2500, investors await BoE’s Bailey speech The GBP/USD pair holds positive ground around 1.2485 during the early European session on Monday. The recovery of the pair is bolstered by the softer US Dollar (USD) and lower US Treasury bond yields. Investors will take more cues from
Share: The S&P 500 is extending declines into a two-week stretch, down over 5% for the period. S&P index down over 10% from the July peak at $4,600, enters correction territory. US Equities mixed on Friday as recession fears, lopsided earnings reports drag on stocks. The Standard & Poor’s index marked in the
The broader stock indices are trading lower. The S&P index is now down -0.19% while the NASDAQ index is down -0.68%. The Dow industrial average is holding onto a modest 0.16% rise. With the clock ticking toward the close of the trading week, the major indices are holding onto gains: Dow industrial average is up
Share: The NZD/USD reversed its course and fell towards 0.5930, after reaching a high of 0.5985. The US Dollar strengthened on the back of rising US yields after the Fed’s hawkish pause. The Fed kept rates at 5.25-5.50% as expected. The bank reduced projections of 100 bps of rate cuts in 2024 to
© Reuters. U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Brigid Riley TOKYO (Reuters) – The dollar remained firm against a basket of peers on Wednesday ahead of a much-anticipated rate decision by the Federal Reserve later in the day, while the yen continued to hang close
Fed’s Bostic The Fed funds market is pricing in a decline to 4.04% at the end of 2024 right now with cut pricing accelerating around May. You can imagine there will be some genuine enthusiasm in equities when we get a better sense of when cuts are coming but that will also depend on what
Share: Atlanta Federal Reserve Bank President Raphael Bostic said on Friday to Bloomberg, that the central bank is likely to keep monetary policy in a restrictive territory well into 2024. He added that the Fed is on a trajectory to get to the 2% inflation target. Asked about the recent jobs report, Bostic
As the Fed decision looms at the top of the hour, the major indices are trading lower led by the NASDAQ index. The Dow is down marginally. A close lower today would snap its 12-day winning streak. The record is 13 straight days of gains. A snapshot market currently shows: Dow industrial average -3.28 points
