The Dow Jones Industrial Average reached a historic peak on Monday, although major tech companies decided to pause, resulting in a mixed finish for U.S. stock indexes. While the S&P 500 dropped by 0.3%, getting close to its July record which is only 0.9% away, the Nasdaq experienced a 0.9% decline. This decrease can be
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The role of Federal Reserve holdings of mortgage bonds in influencing the economy’s momentum has been a topic of discussion among academics and economists. A recent paper presented at a central bank research conference highlights the significance of these holdings in how monetary policy affects various aspects of the economy. The Federal Reserve’s actions of
The S&P 500 showed signs of recovery after a weak Thursday close, with indications suggesting that interest rate sensitive plays would perform better than large caps on Friday. This shift was seen as a result of rates not posing a threat and growing confidence in a soft landing. The implications of this were evident in
The chief executive of Turkey’s largest private bank, Isbank, has highlighted the challenges that lie ahead for the country’s banking sector in the midst of economic uncertainties. Hakan Aran, the CEO of Isbank, expressed concerns about the impact of Turkey’s economic turnaround and the ongoing struggle with inflation. Aran emphasized that Turkish banks are set
The landscape of work in the United States has undergone a significant transformation in recent years, with the rise of remote work taking center stage. Initially propelled to the forefront during the Covid-19 pandemic, remote work has since established itself as a prevalent feature of the labor market, according to leading economists such as Nick
The article highlights the changing dynamics in business price-setting behaviors, particularly in response to increased pressures on wages. It suggests that further analysis is needed to ascertain the implications of this trend. While the information provided is insightful, it lacks depth in explaining the specific factors driving these shifts in pricing strategies. A more thorough
The EUR/USD pair experienced a surge after breaking through the key resistance level of 1.0950 against the US Dollar. This resulted in the pair moving into a bullish zone, with the Euro clearing the 1.1000 resistance. The upward movement was supported by the formation of a connecting bullish trend line with a key support level
The recent slowdown in U.S. inflation and a cooling labour market have sparked investor confidence in the potential for the Federal Reserve to cut interest rates. This shift in sentiment has led to a bearish outlook on the dollar in the market, driving key currency pairs towards critical levels that could trigger new medium-term trends.
In the Asian session on Tuesday, the New Zealand Dollar saw a significant increase in momentum. This rise in the currency was primarily driven by a positive risk sentiment that weighed on the US Dollar and subsequently lifted the NZD/USD exchange rate. Investors were eagerly awaiting the rate decision from the People’s Bank of China
The Dollar Index (DXY) is currently experiencing a slight decline, trading at $102.911. A bearish engulfing candle has formed on the 4-hour chart after a retracement to the 38.2% Fibonacci level at $103.039, indicating the potential for further downside correction. Both the 50-day and 200-day EMAs are showing bearish momentum, positioned at $103.027 and $103.872
The AUD/USD pair saw an uptick, reaching 0.6950, following Reserve Bank of Australia’s (RBA) Governor Michele Bullock’s remarks. Despite mixed economic forecasts and rising inflation, the market responded positively to Bullock’s hawkish stance. Her comments indicated a cautious approach towards potential inflation risks, stating that it was too early to consider rate cuts. This stance
The CEO of UBS, Sergio Ermotti, recently expressed concerns about the potential intensification of market volatility in the second half of the year. This comes after a period of sharp sell-offs in global equities, triggered by weak economic data from the U.S. While there are fears of an economic downturn, Ermotti does not believe that
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