TOKYO – Stocks reversed in the afternoon and closed broadly higher on Wednesday after the Federal Reserve announced its first interest rate hike since 2018. As Wall Street had widely anticipated, the central bank announced that it was increasing its short-term policy rate by 0.25 percentage point. The Fed, which …
Read More »Dollar Peak Imminent For Traders Looking At Fed Hike History
(Bloomberg) – The dollar has outperformed all major currencies over the past nine months on the prospect of interest rate hikes from the Federal Reserve, but the end of its rally could be in sight, if history is a guide. Bloomberg’s Most Read The U.S. currency has weakened an average …
Read More »Exporters expecting declines in the value of the New Zealand dollar may be disappointed
Summary of key points:- Currency risks for future exporters Three price charts that testify to our long-standing inflation problem Currency risks for future exporters Exporting companies from all industry sectors in New Zealand currently considering their business plans for the next few years should not be content with the financial …
Read More »Dow records fifth straight week of losses as Biden says allies are trying to avert World War III
US stocks closed lower on Friday, with all three major benchmarks posting another week of losses, after President Joe Biden called for a suspension of normal trade relations with Russia amid sanctions aimed at economically isolating Moscow for his unprovoked attack in Ukraine. Tentative optimism about the war, linked to …
Read More »Euro rises from 22-month low on EU bond issuance plans announced
A shop cash register is seen with sterling and euro currency in the cash register in the border town of Pettigo, Ireland October 14, 2016. REUTERS/Clodagh Kilcoyne Join now for FREE unlimited access to Reuters.com Register The euro is gaining against other currencies like the yen and the Swiss franc …
Read More »Sri Lanka’s central bank surprised by runaway inflation
ECONOMYNEXT – Sri Lanka’s central bank has been taken by surprise by the sharp rise in inflation, Governor Nivard Cabraal said after inflation hit 15.1% in February 2022, after two years of printing record currency to keep interest rates low. The central bank also accused banks of failing to raise …
Read More »February review: ASX outperforms
Australia | March 03, 2022 Gains in the energy and materials sectors offset technology losses, leading to a 2.1% total return for the ASX200 in February as Australia outperformed global equity markets. -ASX200 gained 2.1% (total return) in February-Value continues to outperform growth-Energy and Materials were among the top performers …
Read More »Japanese Yen May Rise as Leveraged Loan Market Risks Rise
JAPANESE YEN, LEVERAGE LOANS, FEDERAL RATE HIKES – TALKING POINTS Japanese yen outlook bullish on ‘high’ risks in $3 trillion leveraged loan market The low interest rate regime has prompted companies to issue and buy high yield debt securities Fed rate hikes on the horizon could undermine credit-dependent lending stability …
Read More »The euro retreats after the shock of the war
The euro edged higher on Friday after Thursday’s sharp declines following Russia’s invasion of Ukraine. The U.S. dollar edged lower against most currencies as markets pulled back from some of the stormy moves of the previous day. The Russian ruble also recovered ground, trading at around 83.5 to the US …
Read More »Sharpen up on HYIN for alternative income
OEven though the Federal Reserve is expected to raise interest rates soon, these rates are still low by historical standards, and even when the rate hikes arrive, government bond yields will remain low in absolute terms. In other words, advisors are always striving to generate income for income-starved clients. With …
Read More »3 reasons why cryptocurrencies are a long-term investor…
With Bitcoin and with the cryptocurrency market growing at over 150% annually, it’s easy to see why long-term investors are getting more involved in this new asset class. But how do we know that cryptocurrencies are a good long-term investment? Just ask yourself these 3 questions: Is there massive adoption …
Read More »Dollar Rising on Higher-Than-Expected U.S. Inflation, Fed Rate Hike Bets By Investing.com
© Reuters By Gina Lee Investing.com – The dollar was higher on Friday morning in Asia, with stronger-than-expected U.S. inflation data and hawkish comments from a Federal Reserve policymaker accelerating expectations for aggressive interest rate hikes. However, similar pressures globally have limited the gains. The trailing greenback against a basket …
Read More »University of Michigan provost named next Boston Fed chief
The Federal Reserve Bank of Boston today announced that Dr. Susan M. Collins will be its next president and chief executive officer. Courtesy of Federal Reserve Bank of Boston. The Boston Federal Reserve, which is leading the central bank’s potential foray into digital currency and saw its chief resign last …
Read More »South African rand strengthens as dollar struggles, stocks rise
youpdate rand, add stocks JOHANNESBURG, February 1 (Reuters) – The South African rand strengthened on Tuesday, holding onto gains made in the previous session after the dollar fell as investors consolidated the greenback’s recent gains. At 3:50 p.m. GMT, the rand ZAR=D3 was trading at 15.3200 against the dollar, 0.49% …
Read More »Impending Fed rate hikes raise fears of deja vu in emerging markets | Debt News
If there was one character in literature who best reflected the power the US Federal Reserve wields over the global economy, it would be Gulliver. Although he was a good guy who meant no harm, his very massiveness presented a danger to everyone around him – in this case, the …
Read More »Monday Market Minutes: Ursa Major – ShareCafe
Global equities suffered their biggest decline in more than a year last week, as heavy losses in Netflix shares on Friday accentuated a sell-off in tech stocks that spread to other sectors. After falling for the fourth straight day on Friday, Wall Street had its worst week in nearly two …
Read More »How to adapt to the market environment this year
Jhe best investors are adapting to the current market environment. Like an offensive playmaker, they successfully adapt to what the other side (the market) is doing by targeting the right areas and executing the right strategies. On Wednesday, the US Department of Labor released its updated CPI which showed inflation …
Read More »Fed vice-presidential candidate Lael Brainard calls inflation ‘too high’
Lael Brainard, a Federal Reserve governor whom President Biden named the new central bank vice chair, told lawmakers the central bank would use its policies to tame inflation in prepared remarks for her confirmation hearing on Thursday. . Ms. Brainard, who faces a check before the Senate Banking Committee, is …
Read More »OECD inflation hits 25-year high, as Fed’s Powell vows to prevent it from taking hold – as it happened | Business
6:06 p.m. GMT 18:06 Closing summary It’s time to recap. Several US interest rate hikes are looming this year, after Federal Reserve Chief Jerome Powell pledged to take action to prevent high US inflation from taking hold. During a Senate confirmation hearing, Powell told lawmakers that high inflation was a …
Read More »GLOBAL MARKETS – US stocks fall after Fed’s Powell announces 2022 rate hikes on the charts
By Koh Gui Qing, Karin Strohecker (Updates to add comments from Fed Chairman Powell) * US stocks deepen losses after comments on Fed chairperson’s rate hike * Rebound in European and Asian equities * US Treasury yields rise slightly following remarks by Fed Chairman NEW YORK / LONDON, Jan.11 (Reuters) …
Read More »US equity futures drop as Goldman raises Fed rate hike forecast
[ad_1] U.S. equity futures fell on Monday as concerns about Federal Reserve policy spilled over, especially in the tech sector. What is happening Futures contracts on the Dow Jones Industrial Average YM00, -0.13% fell 48 points, or 0.2%, to 36,059. Futures on the S&P 500 ES00, -0.32% fell 0.3%, or …
Read More »The Federal Reserve sets the wheels in motion to reduce its balance sheet
[ad_1] The Federal Reserve, at its December meeting, began to consider starting to reduce the amount of bonds it holds, with members saying a balance sheet reduction will likely begin some time after the central bank begins to increase. interest rates, according to the minutes released Wednesday. While officials have …
Read More »Devina Mehra | World premiere | Market Outlook: 2022 should be a decent year; Trendline doesn’t indicate a big correction: Devina Mehra
[ad_1] âYou have to look at the export or import substitution sectors, in particular in accordance with the PLI regime. There will be pockets in chemicals, automotive and automotive components. We don’t like two-wheelers, for example, but the automotive sector and we have to be choosy now â, says Devina …
Read More »NZD / USD stable in recent trading, but eyes a break below key support at 0.6700
[ad_1] After probing 0.6700 earlier in the session, the NZD / USD has stabilized in the last few hours in the 0.6710-0.6730 area. Sentiment is weighed down by concerns over Omicron, a major setback to US President Joe Biden’s economic program and the warmongering of the Fed. After probing the …
Read More »Five ETFs to consider in 2022
[ad_1] As economies enter the mid-cycle phase next year, investors face familiar question marks over inflation, monetary policy, and COVID-19, but without the tailwind of optimism early recovery. While additional variants could complicate the public health situation, Bob Jenkins, head of Lipper research at Refinitiv, said any volatility would “almost …
Read More »What ‘Tighter Monetary Policy’ Means and What Investors Should Do About It
[ad_1] IIf you’ve been paying attention the past few days, I’m sure you know the Fed will conclude its regular meeting today, after which it will issue a statement, and President Jay Powell will give a press conference. Almost every economist, analyst and Fed watchers thinks these things will matter …
Read More »Rupee weakens against dollar and approaches level 76
[ad_1] NEW DELHI: The rupee fell against the US dollar on Tuesday as the global strength of the greenback and weakness in domestic stocks soured sentiment for the Indian currency, brokers said. Traders also preferred to face existing bets on the rupee ahead of the Federal Reserve’s monetary policy statement …
Read More »ASX to rise on S&P 500 lead with Fed in focus
[ad_1] The coming week will focus on what US policymakers are willing to do and how President Jerome Powell describes what’s going on with inflation and where he sees it heading. The Fed will issue a statement at the end of its two-day Thursday AEDT meeting. Powell will speak to …
Read More »Powell Drops Stocks, Flattens Yield Curve With Talks About Accelerating Fed Taper
[ad_1] Text size Federal Reserve Chairman Jerome Powell. Alex Wong / Getty Images What is transient? Federal Reserve Chairman Jerome Powell admitted on Tuesday that it was not about inflation, and said the central bank would likely consider accelerating its reduction in bond purchases at its next meeting political on …
Read More »Jérôme Powell or Lael Brainard? An explanation of the Federal Reserve system and who could be the next Fed chairman
[ad_1] By Friday, US President Joe Biden is expected to announce his candidate for the post of Chairman of the Federal Reserve. The mandate of the current holder of this function, Jerome Powell, expires February 5. Powell is also the lead candidate, who is expected to be reappointed by the …
Read More »EMERGING MARKETS – Latam FX wins, Mexican rate hike expected as inflation soars
[ad_1] * Mexican consumer prices rise 6.24% in the year through October * Brazil's real hits three-week high, stocks jump * Bolsonaro set to join the center-right Liberal Party (Adds details, updates prices) By Shashank Nayar and Ambar Warrick Nov 9 (Reuters) - Most Latin American currencies gained on Tuesday, …
Read More »The dollar hits its highest level in over a year, but retreats
[ad_1] The US dollar surged to its highest level in more than a year on Friday, after data showed better-than-expected job growth in the US last month, but fell slightly late in the day then that risk appetite improved and stocks rose. Non-farm payrolls increased by 531,000 jobs last month, …
Read More »Dollar explodes higher on strong labor market data
[ad_1] – The United States is moving closer to “full employment”– paves the way for rate hikes in the United States– Dollar hits new 15-month highs– GBP / USD and EUR / USD near the lower end of the range Image © Adobe Images The dollar was on the verge …
Read More »America rally: dollar companies ahead of Fed policy meeting, Wall Street ends higher, gold prices fall, oil mixed with choppy trading ahead of US stocks, OPEC + meeting of November 3, 2021
[ad_1] Market overview ⢠Building permit Canada Sep (MoM) 4.3%, 3.1% forecast, -2.1% previous ⢠US Red Book (YoY) 16.9%, 15.6% previous ⢠French 12 month BTF auctions -0.651%, previous -0.636% ⢠French auctions BTF 3 months -0.772%, previous -0.736% ⢠French auctions BTF 6 months -0.684%, previous -0.685% ⢠…
Read More »Focus on RBA: AUD / USD holds 0.7500
[ad_1] USD / DXY eases, euro rebounds, Asian / EMFX close is mixed Summary: The Australian dollar held above the 0.7500 (0.7517) mark ahead of the RBA’s monetary policy meeting and rate announcement today (Sydney, 2:30 p.m.). Australia’s central bank is the first of two other major central banks (Federal …
Read More »Pound drops as growth concerns complicate BoE rate decision
[ad_1] Band Sujata Rao LONDON, November 1 (Reuters) – The pound slipped on Monday, hitting its lowest level in more than two weeks against the dollar, under pressure from uncertainty over Bank of England policy and a post-Brexit escalation with France over Fish. High German and US inflation last week …
Read More »Nobody likes it, but inflation is taking off
[ad_1] With the S&P 500 closing low on October 27 and mining stocks following suit, surging inflation is starting to rock financial markets. For example, the Bank of Canada announced on October 27 that it was “ending quantitative easing and moving into the reinvestment phase, where it would buy Government …
Read More »Dollar drops as risk sentiment improves, bitcoin hits record high – Shore News Network
[ad_1] By Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday as risk sentiment improved and investors focused on rising commodity prices and when global central banks are expected to start raising interest rates for to deal with still high inflation. The greenback hit a one-year high against …
Read More »Credit Suisse maintains its GBP / EUR forecast target
[ad_1] Reference rate GBP / EUR at publication: Place: 1.1772 Bank transfers (indicative guide): 1.1460-1.1542 Specialist money transfer rates (indicative): 1.1666-1.1713 Get a specialized rate here Set up an exchange rate alert, here The pound may be in a lose-lose situation with investors seeing possible Bank of England rate hikes …
Read More »Dollar close to its 14 month high against the euro, focus on inflation
[ad_1] LONDON (Reuters) – The dollar held close to a 14-month high against the euro on Thursday, as surging energy prices increased the risk of the US Federal Reserve taking action earlier to normalize its policy. FILE PHOTO: One hundred US dollar bills can be seen in this photo taken …
Read More »America’s Roundup: Dollar Gains As Soaring Energy Prices Raise Inflation Concerns, Wall Street Rises, Gold Companies, Oil Pulls Back From Multi-Year Highs After U.S. Stocks Build Up on 7 October 2021
[ad_1] Market overview ⢠Non-farm employment change in US in September ADP 568K, forecast 428K, previous 374K ⢠2:30 pm US gasoline inventories 3.256M, -0.279M forecast, previous 0.193M ⢠2:30 PM US crude oil stocks 2.346M, forecast -0.418M, previous 4.578M Future Outlook Economic Data (GMT) ⢠23:50 Japan Seven Foreign …
Read More »America’s Roundup: US Dollar Falls for Day 2, Wall Street Rises, Gold Companies, Oil Settles Near 3-Year High Ahead of OPEC + Meeting on October 2, 2021
[ad_1] Market overview ⢠US August Personal Income (MoM) 0.2%, forecast 0.3%, previous 1.1% ⢠August real personal consumption in the United States (MoM) 0.4%, previous -0.1% ⢠US August PCE Price Index (MoM) 0.4%, previous 0.4% ⢠US PCE Price Index (YoY) 4.3, 4.2 previous ⢠US personal expenditure …
Read More »Dollar lower, but near year-high as Fed prepares for asset reduction By Investing.com
[ad_1] © Reuters. By Gina Lee Investing.com – The dollar was lower Thursday morning in Asia, but was near a one-year high as the U.S. Federal Reserve prepares to begin reducing assets in November 2021. The price following the greenback against a basket of other currencies edged down 0.07% to …
Read More »As stocks have shaken in recent weeks, the dollar has once again become a safe haven
[ad_1] Whether investors run for the hills or not after last week’s earthquake, the episode provides a glimpse of where to run for shelter – and the US dollar has risen again. Cash has regularly provided a safe haven during times of global financial stress in the past, most recently …
Read More »Dollar climbs as Evergrande uncertainty creeps in
[ad_1] NEW YORK, Sept. 24 (Reuters) – The dollar appreciated on Friday and set to post its third straight week of gains against a basket of major currencies, as uncertainty surrounding embattled Chinese real estate developer Evergrande helped the greenback to rebound after a sharp drop from the previous session. …
Read More »Nasdaq-100 Drives US Equity Futures Lower as Bond Yields Rise and Evergrande Concerns Simmer
[ad_1] U.S. equity futures were showing losses on Friday, on the heels of two strong sessions, as bond yields continued to rise and investors watched struggling real estate giant China Evergrande ahead of the weekend. How are stock index futures traded? Dow Jones Industrial Average YM00 futures contracts, -0.35% fell …
Read More »Insight – Dollar smiling from ear to ear
[ad_1] Whether investors run for the hills or not after last week’s market turmoil, the episode provides some insight into where to run for cover – and the US dollar has gained the upper hand. Dollar cash has regularly provided a safe haven during times of global financial stress in …
Read More »Dollar collapses as risk appetite rebounds
[ad_1] By Saqib Iqbal Ahmed, Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell broadly on Thursday as improving risk sentiment in global financial markets erased gains in the previous session after the US Federal Reserve announced plans to cut its stimulus measures this year. FILE PHOTO: Four thousand US …
Read More »Dollar smiling from ear to ear
[ad_1] Whether investors run for the hills or not after last week’s earthquake, the episode provides a glimpse of where to run for shelter – and the US dollar has prevailed. Dollar cash has regularly provided a safe haven during times of global financial stress in the past – most …
Read More »Dollar moves away from one month high; Traders Digest Fed Statement
[ad_1] By Peter Nurse Investing.com – The dollar eased at the start of European trading on Thursday, retreating from a one-month high as traders digest the previous session’s Federal Reserve meeting and what it means for future policy monetary. At 02:55 ET (0755 GMT), the Dollar Index, which tracks the …
Read More »Column: Dollar smiling from ear to ear
[ad_1] By Mike Dolan LONDON (Reuters) – Whether investors run for the hills or not after last week’s earthquake, the episode provides a glimpse of where to run for cover – and the US dollar is sinking is imposed. Dollar cash has regularly provided a safe haven during times of …
Read More »Ear to Ear Smiling Dollar – Mike Dolan
[ad_1] Breadcrumb Links Author of the article: Content of the article LONDON – Whether investors run for the hills or not after last week’s earthquake, the episode provides a glimpse of where to run for shelter – and the US dollar has dominated. Dollar cash has regularly provided a safe …
Read More »Rapid Market Response As RBNZ Calls Time On Money Printing
[ad_1] The Reserve Bank of New Zealand surprised the market today by announcing that it will end its bond buying program within the next 10 days. Wednesday July 14, 2021, 6:21 p.m. by BusinessDesk Currency and bond traders reacted immediately, pushing interest rate swaps and the New Zealand dollar higher. …
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