Forex trading and market news!
In today’s Asian and European sessions, the economic calendar is light again. After several months of decline, the S&P/CS Composite-20 HPI YoY house price index for the US session is expected to turn positive and gain 0.2%. Sales of new homes were above expectations last month but are expected to fall below 700k this month. […]
September 26 Forex Brief: Consumer Confidence and Home Sales Read More »
The dollar was little changed on Monday after a mixed US employment report failed to spark any significant market reaction. Traders shifted their focus to the upcoming inflation data from the US and China, which could provide some clues on the economic outlook and the monetary policy stance of the two largest economies. US Jobs
Dollar Holds Steady as Traders Await Inflation Data from US and China Read More »
London’s main stock index opened lower on Wednesday as investors awaited the outcome of a crucial vote in the US Congress on a deal to increase the debt ceiling and avoid a default. The FTSE 100 index fell 0.5%, or 35.65 points, to 7,486.42 in early trading. The FTSE 250 index also dropped 0.4%, or
London stocks open lower as US debt deal faces opposition Read More »
The debt ceiling is a limit imposed by the law on the federal government’s borrowing to pay its bills. It was raised to $31.4 trillion on December 16, 2021, but the Treasury Department has been using “extraordinary measures” to keep borrowing since then. What are the consequences of not raising the debt ceiling? According to
US Debt Ceiling: Biden and Mccarthy Near Deal as Default Looms Read More »
Rate Hike in Line with Expectations As expected by most traders and economists, the European Central Bank increased the policy rate by 0.25% to 3.25% on Thursday, following three previous hikes of 0.5% each. This is the highest level of rate since 2008. The ECB stated that its Governing Council would make sure that the
ECB Raises Deposit Rate to 3.25%, Signals Two More Hikes Read More »
Financial markets are caught in a tug-of-war between continued inflation and recession worries as they try to guess the Federal Reserve’s next move. This means that investors are potentially ignoring a much more dangerous outcome: stagflation. The combination of slower economic growth with persistent inflation could potentially shatter hopes for a reversal of the Fed’s
Stagflation Fears Stemming from Looming Economic Woes Read More »
Bitcoin closes April with gains. This marks the 4th month in a row of price increases. Longest streak since March 2021. On Sunday, March 30, the BTC coin climbed to $30,000, down from its peak of $31,000 on April 14. Bitcoin has plunged 77% from its record highs of nearly $70,000 in 2021 to its
Bitcoin’s Longest Winning Streak since 2021: Analysts Predict Future Growth Read More »
The US dollar edged higher on Thursday as easing worries about the banking sector lifted sentiment, and investors turned their attention to the Federal Reserve’s fight against inflation. The dollar index, which measures the exchange rate against six major currencies, rose 0.019% to 102.65 after rising 0.19% yesterday. However, amid market turmoil following problems in
Risk Sentiment Improves as Banking Crisis Subsides Read More »
Alibaba spurs rally in Hong Kong, UBS leads banks. European stocks rose alongside Asian stocks as the Hong Kong market fell sharply on Alibaba Group Holdings Ltd’s proposed reorganization, which bodes well for Chinese tech companies. US stock futures rose as well. The Stoxx Europe 600 rose 0.6%, with technology and consumer stocks gaining the
US Stocks Soar amid Improved Sentiment in Chinese Tech Read More »
Traders buy when prices go down, pushing gold up. This is because the Initial data showed that fewer Americans are applying for unemployment benefits than experts had thought. This caused a drop. The gold has reached a daily high of $1,982 so far today. For investors, lower interest rates are good news for Gold because
Forecast on Gold Price: Uptrend in Gold as Traders Buy the Dip Read More »
