Job postings in the United States declined for the third month in a row in March. Meanwhile, the layoffs reached their highest level in more than two years, according to statistics released on Tuesday. Investors hold onto hopes that a weaker labor market may help the Federal Reserve battle inflation. The US dollar index, which …
On Thursday, the euro stayed at a one-year high versus the dollar. Europe’s strong economy contrasted with financial worries and another US debt ceiling standoff. It was recently up 0.05% against the dollar at $1.104, not far off the one-year high of $1.1096 set yesterday. The dollar index, which compares the greenback to six major …
Euro is hovering at a one-year high as the US outlook dims Read More »
Here are some stock markets making headlines today. Stock Markets Analysis Indian stock indices gradually recovered from the easing of early morning volatility to close near daily highs on Friday. While IT, media stock, and PSU banks all traded higher since morning, NBFCs and private banks reversed the start of the decline. In contrast, consumer …
On Friday, the Federal Reserve’s aggressive rate-hike cycle appeared to be coming to an end. At such a pace, it puts pressure on the US dollar to suffer its second consecutive monthly loss. In contrast, the yen held steady near a one-week high ahead of a crucial central bank decision. Asia is paying close attention …
Inflation concerns and dollar’s path to monthly loss Read More »
A week of concerns about additional US bank failures and a potential recession is almost over. Remarkably, Bitcoin increased in Friday morning trade in Asia to hover above US$29,500. Therefore, some observers claim that new interest in the world’s largest cryptocurrency as a safe haven asset is emerging. Simultaneously, Ethereum dipped slightly but remained above …
A week of crypto turmoil: Bitcoin rises, Ethereum falls Read More »
Asian stocks were mostly lower on Thursday, mirroring a decline in Wall Street as concerns over the US banking sector and inflationary pressures exerted on investor sentiment. Asian Stock Analysis Japan’s benchmark index, the Nikkei 225, declined by 0.2% to 28,349 in the morning trade. Australia’s S&P/ASX 200 declined by 0.4% to 7,288.70. South …
On Wednesday, Asian stocks were mostly lower as concerns mounted over the global economy’s health following the Wall Street crash despite better-than-expected gaining reports. Sydney, Shanghai, Tokyo, and Seoul fell while Hongkong rose in early trade. “From the banking crisis still looming just beneath the surface, to the knowledge that Russia has an …
A Slump in Asian Stock Market Due to Economy Worry Read More »
Next week’s European Central Bank (ECB) meeting forced the forex market to undergo some modifications. Reportedly, the euro fell even as officials kept the door open to a 50 basis point rate hike. The US dollar nudged higher as risk sentiment worsened in Europe due to rising banking worries. The last First Republic Bank and …
Financial worries as the euro declines; US dollar at a rise Read More »
As the US dollar fell, the US stock market started to rise, but the Nasdaq stock index ended in negative territory on Monday. The fall in the dollar index pushed oil prices higher in early trading on Tuesday. Meanwhile, the fall in the US bond yields extended for another session during the morning session in …
The dollar breaks s first weekly gain. However, gains were pared by a soft economic report that suggested the economy was slowing. Japan’s consumer inflation rate remained consistent with the Bank of Japan’s target in March in the Asian region. The main index hit a four-decade peak, putting pressure on the Bank of Japan to …
In the first half of the week, investors are looking for the next catalyst. Major currency pairings have struggled to make a significant move in either direction. Nonetheless, early Wednesday’s cautious market atmosphere appears to be aiding the US Dollar’s recovery. Later in the session, Eurostat will release revisions to the March Harmonized Index of …
Wednesday Forex: Everything you need to know about market Read More »
Oil prices retreated as a potential U.S. interest rate hike, which could slow growth and pause oil consumption, weighed on strong economic data from China. Brent crude futures were down $1.83, or 2.23%, at $82.94 a barrel, while West Texas Intermediate was down $1.83. The U.S. Federal Reserve is likely to make another interest rate …
Oil prices fell as potential U.S. interest rate hikes could slow growth Read More »
The dollar held steady after seeing bond markets falter as investors eyed U.S. economic data. Meanwhile, the dollar index advanced 0.112% to 101.84 in Asian trade after retreating 0.37% on Tuesday, reversing the previous session’s 0.54% rally. Two-year U.S. Treasury yields hit a near one-month high of 4.232% overnight and remained higher in Tokyo trading …
Dollar steadied after it seesawed with bond market volatility Read More »
The IMF signaled that risks are skewed to the downside and marginally lowered its global growth projections for the year, yet the oil market nonetheless managed to close higher yesterday. ICE On the day, Brent ended 1.7% higher. Not only did oil benefit from a weaker USD, but also the larger commodities complex. However, today’s …
The dollar retreated against all major currencies except the yen as investors looked to release U.S. inflation statistics later in the day to gauge how soon U.S. interest rates will approach higher levels. The U.S. dollar index retreated by 0.072% to close at 102.06. The euro was last up 0.122% at $1.0927, while the sterling advanced …
