Tuesday, June 13:At the start of the week, stocks opened on a positive note in anticipation of significant data and events. The markets seem to be optimistic about the possibility of the Federal Reserve (Fed) ending its cycle of raising interest rates. The upcoming economic data will play a crucial role. The Dow Jones saw […]
Stock market indexes rose significantly on Wall Street as expectations for the Federal Reserve fell.
Friday, June 9:On Thursday, the stock market indexes on Wall Street experienced significant gains due to decreasing expectations of a hawkish Federal Reserve. The US Dollar faced downward pressure as a result of a substantial increase in Initial Jobless Claims. Consequently, the Greenback closed the day in a vulnerable position, susceptible to further losses.US Treasury […]
Thursday, June 8:The Canadian Dollar performed well on Wednesday following a surprise rate hike by the Bank of Canada. Contrary to expectations, the central bank increased its key rate by 25 basis points to 4.75%. The decision was based on persistent excess demand and growing concerns about inflation surpassing the target range. This move comes […]
Wednesday, June 7: The performance of the US Dollar on Tuesday was mixed as the market adopted a cautious stance ahead of an important week. Although the USD Dollar Index increased by 0.15%, it failed to surpass the 104.40 level once again. US Treasury yields remained relatively stable. There are no scheduled speeches by Federal […]
Tuesday, June 6: The US dollar faced downward pressure on Monday as economic data from the US contradicted the positive employment figures from the previous week. The Dow Jones declined by 0.59%, and the Nasdaq dropped by 0.09%. The latest data revealed that the US service sector maintained its growth, albeit at a slower pace […]
Friday, June 2: The upward momentum in US stocks on Thursday was driven by improved market sentiment, boosted by positive Chinese data and the resolution of the debt-limit issue. However, the US dollar experienced a widespread decline as US yields fell. Economic indicators from the US indicated a strong labor market, a slowdown in inflation, […]
Tuesday, May 30: The US Dollar (USD) is gaining strength against other currencies as trading returns to normal after a quiet Monday. The US Dollar Index is at its highest level since mid-March, hovering around 104.50, as investors await the Conference Board’s Consumer Confidence report for May and Housing Price Index data for March. In […]
Monday, May 29: After experiencing volatile trading before the weekend, financial markets are currently exhibiting relative calmness in the early hours of Monday, primarily due to thin trading conditions. The UK markets are closed in observance of the Spring Bank Holiday, while American traders are enjoying an extended weekend due to Memorial Day. As the […]
Friday, May 26: On Friday, the US Dollar (USD) remains relatively stable compared to other currencies after experiencing gains throughout the week. The US Bureau of Economic Analysis (BEA) is set to release important economic data for April, including the Personal Consumption Expenditures (PCE) Price Index, which is the Federal Reserve’s preferred measure of inflation, […]
Thursday, May 25: On Thursday, the US Dollar (USD) continues to gain strength against its main competitors, and the US Dollar Index is trading above 104.00, reaching its highest level since mid-March. Later in the day, the US Bureau of Economic Analysis will release the first revision to the first-quarter Gross Domestic Product (GDP) growth. […]