Category: wrap
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Forexlive Americas FX news wrap 9 Jul: Powell’s testimony keeps easing door open for Sept.
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Federal Reserve Chairman Powell testified before the U.S. Senate today on Capitol Hill in the first of two testimony before U.S. lawmakers. The Fed chairman will speak before the House of Representatives tomorrow. During his testimony today, the Fed chairman explicitly said he would not talk about changing the interest…
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Stocks Slip With Euro on French Fiscal Concerns: Markets Wrap
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(Bloomberg) — European stocks and the euro fell after the unexpected result of France’s snap election stoked concerns about the country’s deteriorating financial conditions. Most Read from Bloomberg France’s CAC 40 underperformed the pan-European STOXX 600 after a surprise win by a left-wing coalition in French legislative elections. European bonds…
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Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumbling
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The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was -111K. This more than offsets the above-expected growth this month. The unemployment rate…
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Global Stocks Hit Peak Level Before US Jobs Data: Markets Wrap
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(Bloomberg) — Global stocks are expected to hold onto record highs hit on Thursday as traders turn their attention to U.S. jobs data due Friday for clues on the Federal Reserve’s interest-rate cut. Most Read from Bloomberg Tokyo’s Topix index hit a new record before retreating. The moves followed gains…
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ForexLive European FX news wrap: Dollar sluggish with US holiday hanging over markets
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headlines: Markets: Japanese Yen Advances, US Dollar Lags During the Day European stocks rise; CAC 40 up 0.8% Gold rises 0.1% to $2,358.40 West Texas Intermediate crude fell 0.8% to $83.17. Bitcoin down 3.1% to $57,667 Being a holiday in the US, there wasn’t much for traders to work with…
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European Stocks Advance With Elections in Focus: Markets Wrap
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(Bloomberg) — European stocks rose as key elections took center stage and investors grew more optimistic about the viability of a Federal Reserve rate cut after U.S. economic data bolstered the case for easing. Most Read from Bloomberg France’s benchmark CAC 40 index rose for a second day in a…
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ForexLive Asia-Pacific FX news wrap: Awaiting the UK election, NFP to follow on Friday
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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European Stocks Drop on Rates Outlook, France Poll: Markets Wrap
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(Bloomberg) — European stocks fell after policymakers signaled they needed more evidence that price pressures were under control, even as the latest data showed euro-area inflation slowing slightly. Most Read from Bloomberg The pan-European Stoxx 600 index fell about 0.5%, led by insurers and automakers. France’s CAC 40 lost most…
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ForexLive Asia-Pacific FX news wrap: EUR/USD gapped higher (not a huge gap)
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The Chinese President says he is ready to work with Australia European Central Bank President Lagarde speaks on Monday Bitcoin is back above $63,500 China Caixin Manufacturing PMI June 2024 51.8 (FX: 51.2, Previous: 51.7) Australian Special Inflation Survey, June 2024: +0.3% m/m (previously +0.3%) Roaring Kitty sued for securities…
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ForexLive Asia-Pacific FX news wrap: EUR/USD gapped higher (not a huge gap)
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The Chinese President says he is ready to work with Australia European Central Bank President Lagarde speaks on Monday Bitcoin is back above $63,500 China Caixin Manufacturing PMI June 2024 51.8 (FX: 51.2, Previous: 51.7) Australian Special Inflation Survey, June 2024: +0.3% m/m (previously +0.3%) Roaring Kitty sued for securities…
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Forexlive Americas FX news wrap: Benign PCE report collides with tumultuous politics
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Markets: Gold falls $3 to $2,342 US 10-year bond yields rose 9.8 basis points to 4.39% West Texas Intermediate crude fell 19 cents to $80.64. S&P 500 index falls 0.4% Australian Dollar Advances, Yen Lags Friday was the last day of the quarter, and this made drawing conclusions difficult. It…
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ForexLive European FX news wrap: Currencies lightly changed awaiting US PCE
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or…
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Forexlive Asia-pacific FX news wrap 28 Jun: Presidential debate was a nothing burger
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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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ForexLive European FX news wrap: USD/JPY tentative above 160 mark
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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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ForexLive European FX news wrap: USD/JPY trades up to highest since 1990
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Titles: Markets: The Australian dollar advances, and the New Zealand dollar lags during the day European stocks fall; S&P 500 futures fell 0.1% US 10-year bond yields rose 4.9 basis points to 4.286%. Gold fell 0.3 percent to $2,310.84 West Texas Intermediate crude rose 0.7% to $81.38. Bitcoin fell 0.9%…
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Stock market wrap: Nvidia ends the day more than 6% lower
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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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ForexLive European FX news wrap: Yen edgy to start the week
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Titles: Markets: Euro advances, US dollar lags during the day European stocks rise; S&P 500 futures rise 0.1% US 10-year bond yields rose 0.8 basis points to 4.265%. Gold rose 0.2% to $2,325.58 West Texas Intermediate crude rose 0.3% to $80.97 Bitcoin fell 4.9% to $61,023 It’s been a quiet…
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Asian Stocks Falter as Japan Warns on Yen Moves: Markets Wrap
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Breadcrumb links BMN Business Asian stocks fell, kicking off a week of inflation measures that will help guide bets on the global interest rate outlook. The yen stabilized after Japan’s top currency official stepped up the interventionist tone. Article writer: Bloomberg News Catherine Bosley and Matthew Burgess Posted on June…
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Forexlive Americas FX news wrap 21 Jun: The USD moves higher helped better flash S&P
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The week is coming to an end, as the US dollar is the strongest among the major currencies. The Japanese yen is the weakest. The dollar’s gains today were supported by stronger-than-expected Purchasing Managers’ Index (PMI) data, which saw the services index rise to 55.1 versus 53.7 expected, and manufacturing…
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S&P 500 Churns as ‘Triple Witching’ Jolts Nvidia: Markets Wrap
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(Bloomberg) — The massive expiration of Wall Street options not only left stocks struggling for a clear direction, but also sent one of the bull market’s leaders into a volatile ride. Most read from Bloomberg About $5.5 trillion is expected to expire on Friday during a quarterly episode known as…