US Stock Market Key Points: TheS&P 500, Dow, and Nasdaq 100 fall for a fifth straight day on tightening financial conditions and recession fears US Treasury yields and the USD rise to levels not seen in several years Fed officials reaffirm the FOMC’s commitment to fight inflation. Fed Chairman Powell speaks tomorrow. Recommended by Cecilia …
S&P 500, Nasdaq 100 and Dow Fall Amid Soaring US Treasury Yields Read More »
GBP/USD – Prices, Charts, and Analysis UK energy bills jump by 80%. Double-digit inflation is here to stay in the coming months. GBP/USD remains under pressure. As the UK starts a long weekend, news that millions of households and businesses will face a huge hike in energy bills will only add to fears that the …
GBP/USD Plagued by Soaring Inflation, Energy Prices Read More »
US INFLATION DATA KEY POINTS: June U.S. inflation spikes 1.3% on a seasonally adjusted basis and 9.1% over the last 12 months, well above expectations Core CPI rises 0.7% m-o-m and 5.9% y-o-y, also above estimates Unrelenting inflationary pressures will likely seal the deal for another 75 basis points hike at the July FOMC meeting …
US Inflation Hits 9.1% on Soaring Gas Prices, Sky-High CPI to Embolden Fed Hawks Read More »
EUR/USD OUTLOOK: EUR/USD sinks on Monday, reaching its lowest level in more than a month Soaring U.S. Treasury rates boost the U.S. dollar and weigh on lower-yielding currencies Traders appear to be positioning for a hawkish FOMC decision this week Most Read: US Dollar Forecast – Bullish Bias Intact ahead of FOMC, Hawkish Guidance to …
EUR/USD in Free-Fall as Soaring US Yields Boost US Dollar Ahead of Fed. Now What? Read More »
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