U.S. stock futures mostly flat after Nasdaq tumbles in rate induced sell-off
Meric Greenbaum, Designated Market Maker IMC financial looks up at the board before the opening bell right before trading halted on the New York Stock Exchange on March 9, 2020 in New York. Timothy A. Clary | AFP | Getty...
Sen. Warren calls Fed Chair Powell a ‘dangerous man,’ says she will oppose his renomination
Sen. Elizabeth Warren charged Tuesday that Federal Reserve Chairman Jerome Powell has led an effort to weaken the nation’s banking system, and she vowed to oppose his renomination. In remarks made during a hearing before the Senate Banking Committee, the...
Dollar Turns to US Data Releases as Yields Spike
With yields going berserk, the upcoming batch of US economic data on Friday could be crucial for the dollar’s fortunes. Personal income and consumption numbers along with the Fed’s favorite inflation metric will hit the markets at 12:30 GMT, before...
Watch Powell and Yellen speak live to Senate panel on Covid relief efforts
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell speak Tuesday to the Senate...
US Open: Stocks Drop as Treasury Yields Rise, Powell in Focus
US futures trade sharply lower as treasury yields rise to a 3 month high. The tech heavy Nasdaq is set to under perform. Concerns over China are adding into the hit on stocks. Energy stocks are a rare bright spot...
Sterling Tumbles on Energy Worries, Rising Yields Supports Dollar
Sterling tumbles broadly today on increasing talks of energy shortages due to a post-Brexit shortage of truck drivers, as well as a halt to license testing during pandemic lockdowns. Mild risk aversion, which start in European markets, is also weighing...
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected
Federal Reserve Chairman Jerome Powell, in remarks to be delivered Tuesday, cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated. In a speech that he will deliver to the Senate Banking Committee,...
GBPUSD Steering Forces Feeble Around Support Base
GBPUSD is consolidating in the proximity of the support foundation of 1.3564-1.3621, which has defended the positive structure from the beginning of February. The converging simple moving averages (SMAs) are currently lacking a clear direction in trend. Furthermore, the short-term...
Two Trades To Watch: EUR/USD, Gold
EUR/USD looks to Lagarde & Powell EUR/USD is edging lower, extending losses in the previous session after the USD traced treasury yields higher and the Euro fretted over lengthy coalition talks in Germany. Today German GFK consumer confidence came in...
Yen Crosses Accelerating Upward on Persistent Rally in Treasury Yields
Strong rally in treasury yields is currently the main theme driving the markets. On the back on hawkish Fed rhetorics, 2-year yield rose to 18-month high, above 0.3%. Benchmark 10-year yield also breaks above 1.5% handle. Yen is currently the...