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Tag: FED

Euro Rises as U.S. dollar drops
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Euro Rises as U.S. dollar drops; Markets Await U.S. CPI

The U.S. dollar dropped further from highs last seen 20 years ago – a development that benefited risk appetite. At the same time, the Euro and British pound recorded gains. Global stock markets were volatile ahead of the release of the U.S. CPI inflation report. Today, Monday, markets in China,
Euro down and Dollar up

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The Euro Below 99 Cents for First Time in 20 Years

European equity futures dropped, and the euro and pound sterling fell today, Monday as the energy crisis has been escalating adding pressure to an already stressed global economy troubled by soaring inflation and the tightening of monetary policies. At the same time, the U.S. dollar was firm as commodity currencies
US Dollar HIGH

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US Dollar at 20-year High as Powell Signals more Rate Hikes

Federal Reserve Chair Jerome Powell’s indications for more interest rate hikes for longer at his Jackson Hole Symposium speech pushed the US dollar to highs last seen two decades ago. The comments sent tidal waves across global markets as they caused global stock markets and equity futures to drop, they
US Dollar HIGH

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U.S. Dollar at 5-week High, Fed Signals Hawkish Mood

Prospects of a continuous. aggressive monetary policy by the Fed, the troubled Chinese property market, a power crunch and Covid 19 mobility curbs make up some major markets forces for today, Monday. Among other market movements, the U.S. dollar rose while global stock markets dropped. Global Stock markets The recent
Strong NFP Halths Equity Bounce

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Strong NFP halts Equity Bounce, Causes Hike Worries

Asian stock markets were down on Monday and the US dollar held its ground after the U.S. payroll report came in at 528K - more than double the 250K forecasts. The stunning figure pointed to no signs of US recession and reinforced expectations of additional substantial rate hikes from the
Oil Stocks Down

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Oil, Stocks Down as Fed likely to hike interest rates

Stocks, oil, and gold fell, U.S. equity futures wavered while the U.S. dollar was slightly up against other currencies today, Monday. Market sentiment has been affected by a dimming economic outlook and fears that hiking interest rates could tip global economies into recession. In the U.S., declining business activity and
US Dollar Jumps

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U.S. Dollar Jumps, Oil Drops as China’s in Lockdown Risk Again

Asian stocks fell, U.S. equity futures and oil dropped, and the U.S. dollar rose as the highly transmittable BA.5 Omicron variant was discovered in Shanghai, China’s commercial hub. The incident and the mass screening sparked worries about the risk of more COVID curbs in China. New lockdowns could clog global
blog inflation slow economic growth 4 7 22

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Inflation, Slow Economic Growth: US Dollar, Stocks Fall

In stock market news today, US equity futures slipped, and Asian stocks lost out on gains. The drop reflects the declining economic growth and persisting inflation that continue to affect markets. In the meantime, the US is closed due to Independence Day celebrations. Asian shares rose but not close to