Category: Data
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US data in the spotlight this week
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This is one of my favorite strips over the years. It is still of great importance. As we look forward to the new week, it is all about the US data that will move the mood in the broader markets. We already got a teaser last week of a few…
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Dollar up slightly after consumer sentiment data, CPI eyed By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Friday after a reading on U.S. consumer sentiment as investors sorted through a batch of comments from Federal Reserve officials, with focus beginning to shift toward key inflation readings next week. The dollar pared its declines and turned…
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China to Nurture Stock Rally by Masking Live Foreign Flows Data
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(Bloomberg) — China is set to stop live broadcasts of foreign stock flows as early as Monday, the latest policy move to boost confidence by removing a potential source of negative data. Most read from Bloomberg The Shanghai and Shenzhen stock exchanges plan to stop displaying real-time figures on domestic…
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Futures rise ahead of data, speeches from Fed officials By Reuters
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(Reuters) – US stock index futures rose on Friday, with focus on the speeches of Federal Reserve officials (the US central bank) after economic data issued this week supported bets on lowering US interest rates and raised investor sentiment. Wall Street indexes returned to record levels after last month’s sell-off,…
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Dollar calm at end of week; sterling gains on growth data By Investing.com
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Investing.com – The US dollar steadied on Friday after losing ground in the previous session on weak jobs data, while the British pound rose in the wake of stronger-than-expected growth numbers. At 04:10 ET (08:10 GMT), the dollar index, which tracks the US currency against a basket of six other…
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Dollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar was mostly steady on Thursday as traders kept their nerve ahead of next week’s U.S. inflation data and what it could portend for Federal Reserve (US central bank) policy, while hawkish views from members of the Bank of Japan helped the…
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Dollar steadies as traders eye Federal Rate path following soft U.S. jobs data By Investing.com
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Investing.com – The US dollar steadied on Monday after falling the previous week on weaker-than-expected non-farm payrolls data, prompting traders to raise the timeline for possible interest rate cuts from the Federal Reserve this year. At 04:31 EDT (08:31 GMT), US Dollars, which tracks the greenback against a basket of…
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Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
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Breadcrumb links BMN Business Article writer: Associated Press Zimo Zhong Published on May 6, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content Most Asian stocks rose on Monday after Wall Street ended last…
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Bitfinex CTO Dispels FUD, Refutes Data Breach By Ransomware Group
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In an interesting turn of events, Paolo Ardoino, Bitfinex’s chief technology officer, denied rumors about the exchange being involved in a large-scale data breach. This came in response to allegations of a major security breach by hacking group FSOCIETY just over a week ago. On April 26, FSOCIETY claimed on…
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Japan’s May 1 intervention may have cost $23.6 billion, BOJ data shows By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – Japanese officials may have spent about 3.66 trillion yen ($23.59 billion) on Wednesday in the latest attempt to pull the yen back from its lowest levels in nearly 34 years, Bank of Japan data showed on Thursday. The data showed that the Japanese…
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Asia FX on guard before payrolls data, yen rebounds amid likely intervention By Investing.com
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Investing.com — Most Asian currencies rose slightly on Friday, benefiting from a lower dollar as markets retreated ahead of key US jobs data that is likely to weigh on interest rates. The dollar was also under pressure due to the recovery of the Japanese yen, which moved further away from…
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ICYMI – BOJ data suggests significant additional yen-buying intervention this week
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Dollar stabilizes after Powell speech; labor market data in focus By Investing.com
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Investing.com – The U.S. dollar steadied on Thursday after falling sharply overnight following Federal Reserve Chairman Jerome Powell ruling out any rate hikes, while the Japanese yen was volatile amid talk of intervention. At 06:00 EST (10:00 GMT), the dollar index, which tracks the greenback against a basket of six…
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Canada’s GDP Data Showed Slower Growth in February, ”Unchanged” GDP in March
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Canada’s economy grew by 0.2% in February, slightly lower than the 0.4% growth markets had expected and weaker than January’s 0.5% rise. A closer look shows that service-producing industries led increases for the second month in a row thanks to growth in transportation and warehousing. Meanwhile, commodity-producing industries were unchanged,…
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Dollar nears six-month high after pre-Fed data shock, yen steady By Reuters
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By Harry Robertson LONDON (Reuters) – The dollar rose toward its highest level since November on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day after data on Tuesday showed more signs of inflationary pressures in the U.S. economy. Meanwhile, the yen remained steady after falling…