S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?
S&P 500, Nasdaq 100, Russell 2000, Dow Jones 30, Fed – Talking Points The S&P 500 has eased as the market appears to be listening to the Fed A chorus of Fed speakers all sung from the same song sheet overnight The tightening cycle appears to have been elongated. Will the S&P 500 go lower? […]
GBP/USD tumbles to the 1.2100 zone as Dollar jumps on upbeat NFP
US jobs numbers surpass expectations in January, not earnings. US Dollar and Treasury bond yields soar after NFP. GBP/USD extends weekly losses as USD jumps on data. The GBP/USD tumbled from 1.2250 to 1.2100, reaching the lowest level in three weeks after the NFP. During the last hour, it rebounded modestly rising toward 1.2150. The […]
XAG/USD tumbles to eight-week lows, worst week since October
US Dollar soars across the board after NFP. US ISM Service brings in more favourable data. Silver drops by more than 3% on Friday; down 8% from Thursday’s peak. Metals extended the sell-off after the US official employment report. Silver hits fresh monthly lows near $22.50 and is having the worst day in months. Strong […]
Dollar tumbles as Fed says disinflation in play By Reuters
© Reuters. FILE PHOTO: Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar slid on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a boost in confidence that the end […]
Asia FX rallies, dollar tumbles as markets bet on Fed pivot By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The rose 0.4% and came close to a […]
EUR/USD struggles around 1.0880s and tumbles below 1.0800
EUR/USD erases its earlier gains, despite registering a 9-month high around 1.0887. Big Tech companies slashing 28K jobs, and weaker US economic data, sparked recession fears. Fed officials support interest rate hikes until 5% or slightly above. EUR/USD reversed its course after hitting a nine-month high around 1.0887 on Wednesday after US economic data could […]
Dollar tumbles after U.S. jobs report, service sector contraction By Reuters
© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won By Karen Brettell NEW YORK (Reuters) – The dollar fell on Friday after U.S. jobs data showed a strong, but not blockbuster employment picture in December, while a separate report showed that […]
USD/JPY tumbles below 133.00 on broad US Dollar weakness, post-NFP data
December’s US Nonfarm Payrolls data weakened the US Dollar, even though the labor market remains tight. Average Hourly Earnings easing sparked speculations for a dovish move of the Federal Reserve in the February meeting. USD/JPY Price Analysis: Likely to remain downward biased below 133.00. The USD/JPY struggles at the 200-day Exponential Moving Average (EMA) around […]
NZD/USD jumps toward 0.6300 as US Dollar tumbles
Greenback drops sharply after NFP and ISM service sector. US yield falls to multi-day lows, commodities rebound. NZD/USD reverses from monthly lows, and trims weekly losses. The NZD/USD has risen a hundred pips from the daily low and it is trading at 0.6290, with a solid bullish tone supported by a broad-based USD decline. The greenback […]