EUR/USD remains near multi-month low and defends 1.1000 mark ahead of ECB meeting
EUR/USD remains stable above the 1.1000 level as traders eagerly await the ECB’s decision. Lower bets on more aggressive Fed easing are supporting the USD and capital gains in major currencies. Traders appear cautious given key central bank risk and…
EUR/USD remains near 1.1000 after the ECB cuts interest rates by 25 basis points as expected
EUR/USD remains supportive at 1.1000 after the ECB cut its key interest rates by 25 basis points as expected. This is the ECB’s second decision to cut interest rates in its current monetary easing cycle. Weak US inflation data underpins…
USD/JPY jumps to nearly 145.00 as US dollar recovers strongly
USD/JPY rises to almost 145.00 as the US dollar recovers strongly. Positive US consumer confidence alleviates fears of a hard landing in the US. Investors are awaiting the Tokyo CPI and US core PCE inflation for July. The USD/JPY pair…
Global stocks remain near record highs ahead of Nvidia earnings report
Global stock markets remained near all-time highs on Wednesday as investors awaited Nvidia’s earnings report. The MSCI index of all global stocks rose 0.03 percent to 831.07, approaching its record close of 831.34 on August 23, as market turmoil at…
AUD/USD clings to gains near 0.6800 as RBA unlikely to cut rates this year
AUD/USD holds gains near 0.6800 as higher-than-expected inflation in Australia keeps hopes alive that the RBA will keep interest rates steady this year. Australia’s monthly consumer price index (CPI) rose 3.5 percent, still above estimates of 3.4 percent but slowing…
AUD/USD below seven-month high, near 0.6800 amid hot Australian CPI data
AUD/USD hits new seven-month highs above 0.6800 after Australia’s consumer price index cools less than expected. The US dollar is recovering as risk appetite deteriorates ahead of the Fed announcement and Nvidia’s earnings report. The daily technical configuration of AUD/USD…
Stock Market Today: Wall Street Opens Lower, Drags Dow Below Record High | National News
NEW YORK (AP) — Stocks on Wall Street opened slightly lower, causing the Dow Jones Industrial Average to fall slightly below its record high of the previous day. In the first minutes of trading on Tuesday, the Dow lost 63…
4 Low Price-to-Earnings Stocks at or Near 2024 Peaks
low P/E, ADR getty The Standard & Poor’s 500 is currently trading at a Shiller price-earnings ratio of 36.22. While this is not quite at the historic high of 44 from 1999-2000, it is definitely above the 7 or 8…
With US interest rate cuts looming, the chances of an economic “soft landing” could determine equity performance
Investors focus on economic data to gauge a soft landing Labor market data crucial for future interest rate cut expectations September is traditionally the weakest month for the performance of the S&P 500 Aug 26 (Reuters) – With rate cuts…
Dollar falls against yen, hovers near 2.5-year low against pound after dovish Fed policy
By Kevin Buckland TOKYO (Reuters) – The yen rose to a three-week high against the dollar on Monday as an emphatic policy shift by U.S. Federal Reserve Chairman Jerome Powell contrasted sharply with the unwaveringly tough tone of Bank of…
