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Stocks defied odds and surged higher on Monday, overcoming concerns about rising interest rates and inflation. The Dow Jones Industrial Average climbed 0.6%, gaining almost 200 points, while the S&P 500 saw a similar increase. The Nasdaq Composite also experienced… Read More »Stock Market Recap: Dow Jones and S&P 500 Bounce Back Despite Geopolitical Tensions
Before another week of potentially market-moving events, including corporate results, midterm elections, and inflation data, it was the third straight day of advances for the major indices. Highlights Wall Street experienced a new high on Election Day as equities rose… Read More »Update: US Stock Markets Surge Ahead of Midterm Elections
The EUR/USD pair suffered a significant drop on Tuesday, reaching a fresh low for 2023 near 1.0450 before experiencing a modest rebound. The slump came in response to the unexpected increase in U.S job openings in August, which led to… Read More »EUR/USD Drops To A New Low After JOLTS Report, Dollar Strengthens
Today, the Euro to Dollar (EURUSD) exchange rate has been hovering around the 1.0600 mark, following the release of mixed US personal consumption expenditures (PCE) data. TradingView The EURUSD saw a slight increase of 0.20%, or +0.0021, to stand at… Read More »EURUSD Hovers Around 1.0600 After Mixed US PCE Data
As mortgage rates rise toward 7% over the coming months, Mr. Yun predicted a slow market for the rest of the year. This almost guarantees a continuation of the decline in home sales, possibly through the first half of 2023… Read More »US Pending Home Sales Plummet 24% in August
Following the announcement of the US CPI y/y – GBP, all eyes will be on the CPI y/y – GBP. The headline CPI print was 8.3% year on year, compared to a forecast of 8.1% year on year and a… Read More »Mid-Week Watchlist: UK & US CPI Releases
The EUR/USD exchange rate is struggling below 1.05500 following the release of the US Durable Goods Orders data. The better-than-expected US Durable Goods Orders data has preserved the USD strength preventing the EUR/USD pair from staging a rebound. EUR USD… Read More »Dollar Rally Gains Momentum, Puts Pressure on EURUSD
The EUR/USD pair is currently trading below the 1.0600 level, reflecting a market that is evidently risk-averse amidst disappointing US consumer confidence data and looming fears of a possible recession. The single European currency has been under pressure, remaining in… Read More »EURUSD Trades Below 1.0600 After Disappointing U.S. Consumer Confidence Data, New House Sales Decline
