US Breaking News: Q4 GDP Surges to 2.9% on the Quarter, USD Dips
GDP continues to show the US economy’s resilience despite warnings of a growth slowdown. Even the employment data showed positive signs in an already tight market Source link
Australian Dollar May Rise After US GDP Boosted Dow Jones, S&P 500, Nasdaq 100
Australian Dollar, AUD/USD, US GDP, Fed, Doji – Asia Pacific Market Open: Australian Dollar rose after US GDP data improved sentiment The mixed report kept door open to both hard and soft landing AUD/USD may rise if Asia-Pacific equities follow the US lead Recommended by Daniel Dubrovsky Get Your Free AUD Forecast Asia-Pacific Market Briefing […]
Trading Today’s Adv Q4 US GDP |
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Dollar flat as market waits for U.S. GDP figures By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar was little changed in early trade in Europe on Thursday, with the market apparently content to wait for U.S. GDP figures before taking new positions. By 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket of six advanced economy currencies, was essentially […]
USD/ZAR Shakes Off Dovish SARB & Positive US GDP
South African Rand, Dollar Latest: SARB (South African Reserve Bank) raises the repo rate by 25-basis points to 7.25% (below expectations of 7.5%). USD/ZAR digests commentary from the MPC (monetary policy committee) – load shedding and the intense power-cuts dampen sentiment as productivity declines. US GDP and durable goods beat estimates highlighting a resilient US […]
Strong U.S. economic growth expected in fourth quarter, outlook darkening
Fourth-quarter GDP forecast to increase at a 2.6% rateStrong consumer spending seen; other sectors to contributeWeekly jobless claims expected to rise moderatelyWASHINGTON, Jan 26 (Reuters) – The U.S. economy likely maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed considerably towards the […]
Analysis: Wall Street heavyweights warn of pain ahead despite market’s recent reprieve
NEW YORK, Jan 25 (Reuters) – Some of Wall Street’s biggest names are throwing cold water on expectations that the U.S. economy will scrape through 2023 without a recession, even as hopes of easing inflation and resilient growth propel stocks higher.Banks and asset managers that have reiterated recession calls include BlackRock, Wells Fargo and Neuberger […]
Things set to remain tough for the Dollar – Commerzbank
The US Dollar struggles to stay resilient ahead of the US Gross Domestic Product (GDP) data. The greenback could remain under pressure on signals of a cooling of the US economy, economists at Commerzbank report. Positive review, shaky outlook “A rate hike by ‘only’ 25 bps at the next Fed meeting is now increasingly likely […]
XAU/USD buyers could retain control if US GDP dismisses recession fears
Gold price bulls take a breather just below $1,950 after the ongoing upsurge. XAU/USD eyes critical US events for the next move, FXStreet’s Dhwani Mehta reports. United States Gross Domestic Product data to affect risk trends “Should the key US US GDP disappoint, implying signs of slowing down in the American economy, the USD could […]
Caution triggers as global growth encounters a downward revision
Asian stocks are expected to remain cautionary as global growth has encountered a downward revision. Global markets are likely to remain on tenterhooks ahead of the US GDP release. Oil price has dropped below $80.50 as the US recession fears are still solid. Markets in the Asian domain are showing signs of caution amid the […]