US EQUITIES RALLY EVEN AFTER HAWKISH FED DECISION American stocks rose while the US dollar slipped in the overnight session after the latest interest rate decision by the Fed. As was widely expected, the Fed decided to hike interest...
US EQUITIES RALLY EVEN AFTER HAWKISH FED DECISION American stocks rose while the US dollar slipped in the overnight session after the latest interest rate decision by the Fed. As was widely expected, the Fed decided to hike interest...
EURUSD TILTS HIGHER AS THE ECB HIKES RATES BY 0.50% The Japanese yen declined against the US dollar after the latest interest rate decision. The BoJ decided to leave interest rates unchanged at -0.1%. It also decided to continue...
STERLING GAINS AHEAD OF THE LATEST BOE RATE DECISION The British pound rose slightly against the euro as traders waited for the latest interest rate decision by the Bank of England. The BOE finds itself in a difficult situation...
EURUSD APPROACHES KEY RESISTANCE AHEAD OF US NFP DATA The price of crude oil rose even after the latest decision by OPEC and its partners pledged to boost production. They will increase production by 650k barrels a day in...
EURO STRENGTH ACCELERATES AHEAD OF EU INFLATION DATA The euro continued rallying ahead of key economic data from the euro area. Eurostat will publish the flash consumer inflation data from the bloc. Analysts expect the data to show that...
KING DOLLAR STRENGTH ACCELERATES AMID MULTIPLE RISKS American stocks declined sharply on Tuesday as volatility in the financial market continued. The Dow Jones slipped by more than 400 points while the tech-heavy Nasdaq 100 index fell by 330 points....
US DOLLAR BOUNCES BACK, STOCKS RETREAT AFTER HAWKISH POWELL STATEMENT The US dollar rose while stocks retreated after a hawkish statement by Jerome Powell, the Fed chair. In a speech at an IMF forum, Powell signaled that the central...
CRUDE OIL SUPPLY AND DEMAND IMBALANCES REMAIN Crude oil prices remained at elevated levels on Monday morning as investors reacted to the rising fears of supply and demand imbalances. Brent is trading at $107 while WTI is at $103....
US DOLLAR INDEX LOSES MOMENTUM AHEAD OF INFLATION DATA The momentum in Wall Street extended on Wednesday as investors reacted to strong quarterly results by companies like CVS, CME, and Chipotle Mexican Grill. In general, while companies like PayPal,...