GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread
The U.S. economy grew at a much better-than-expected pace to end 2021 from sizeable boosts in inventories and consumer spending, and despite signs that the acceleration likely tailed off toward the end of the year. Gross domestic product, the sum...
RBA Meeting: Managing Rate Hike Expectations
The Reserve Bank of Australia announces its first policy decision of the year on Tuesday at 3:30 GMT. The last time the Bank’s governor, Philip Lowe, spoke in mid-December, he told investors he didn’t think conditions for a rate hike...
Dollar Extends Strong Rally after GDP, Euro Downside Breakout
Dollar’s strong post-FOMC rally is given another boost in early US session by much better than expected Q4 GDP data. Latest jobless claims figures also suggest stabilization from the impact of Omicron. But for now, the strength is mainly centered...
Stocks making the biggest moves premarket: McDonald’s, Blackstone, Netflix and others
Check out the companies making headlines before the bell: Comcast (CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with revenue also above analyst forecasts. Comcast also...
Dollar Surges in Full Risk-Off Markets, Sentiment Destroyed by Fed Powell
Investor sentiment was basically destroyed by more hawkish than expected Fed Chair Jerome Powell. US stocks reversed earlier gains and closed mixed. But futures are already pointing to a gap down open today. Major Asia indexes are trading in deep...
AUD/USD Struggles Below 0.7200, Oil Rallies
Key Highlights AUD/USD started a fresh decline from well above 0.7280. It traded below a key contracting triangle with support near 0.7185 on the 4-hours chart. EUR/USD is struggling below 1.1300, and GBP/USD declined below 1.3500. Crude oil price gained...
Stock futures rise as investors assess Fed update
Stock futures rose on Wednesday night after the Dow Jones Industrial Average and S&P 500 turned lower following a Federal Reserve update by chair Jerome Powell, at the conclusion of its two-day meeting. Futures tied to the Dow rose 128...
Federal Reserve points to interest rate hike coming in March
Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates for the first time in more than three years as part of a broader tightening of historically easy monetary policy....
CAD Dives after No So Hawkish BoC, Stocks Rebounding
Canadian Dollar tumbles notably in early US session after much less hawkish then expected BoC rate decision. The central bank stands pat while lowering both inflation and growth forecasts. Elsewhere in the currency markets, Yen is trading broadly lower with...
Dollar and Yen Firm as Markets Await BoC and Fed
Markets are relatively steady in Asian today, as traders are awaiting main events of BoC and Fed policy decisions. Asian stocks are treading water after weaker close in US overnight. Dollar remains the strongest one for the week, followed by...
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