Market Morning Briefing: Euro Rose Sharply Above 1.21 As The Dollar Weakened After The FED Policy Statement
STOCKS Equities continue to trade mixed. Dow seems to be turning around gradually. The level of 33500 is very crucial to watch if it fails to rise past 34000 from here. DAX remains stable and mixed above 15200. The chances...
FOMC: Steady As She Goes
As was discussed in out FOMC Preview, not much has changed in the FOMC’s view since the March 17th meeting. Although they acknowledge that inflation has risen, they also note that the inflation is transitory. They noted that the vaccinations...
Powell says he plans to meet with homeless Americans in Washington, DC
Federal Reserve Chairman Jerome Powell said Wednesday that he has in the past met with homeless Americans and that doing so reminds him of those he works for as a government official. Powell said he has not yet met with...
Fed holds interest rates near zero, sees faster growth and higher inflation
The Federal Reserve on Wednesday kept its easy money policy in place despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least...
Selling assets to avoid a higher capital gains tax? You may trigger another tax
Drew Angerer | Getty Images News | Getty Images Investors fearful of President Joe Biden’s proposal to raise taxes on capital gains might be thinking about making a knee-jerk stock sale. Doing so may inadvertently trigger another investment tax, according...
Eurozone GDP to Confirm Double-Dip Recession but Euro Looks to Brighter Q2
The flash estimate of first quarter GDP growth is due out of the Eurozone on Friday at 09:00 GMT. Fresh lockdowns are expected to have dragged the euro area economy into a double-dip recession, highlighting Europe’s bumpy recovery road. However,...
Mortgage rates fall to a two-month low, but weekly demand still drops
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency...
What to Watch Post-FOMC
Traders will be watching for tweaks in the statement and ANY hints regarding timing of the tapering As on most FOMC days, the overnight sessions are quiet. And although not much is expected from today’s meeting, there may be one...
Dollar Staying in Consolidations With Bearish Outlook, FOMC Next
The financial markets are generally steady today as traders are holding their bet ahead of FOMC announcement. US President Joe Biden is set to unveil a USD 1.8T package for family and education, but that’s unlikely to trigger much reaction....
USDJPY Regains Footing And Tussles 109.00 Handle
USDJPY is struggling to overcome the 109.00 hurdle, where the mid-Bollinger band also resides, after recovering some lost ground from a deep price correction from the 1-year high of 110.96. The soaring 50- and 100-day simple moving averages are endorsing...