WEEKLY MARKET RECAP: February 13 – February 17, 2023
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
Read more
MARKET UPDATE
Dollar soars to six-week high on hawkish Fedspeak The U.S. dollar surged to a six-week high in early European trade Friday, after strong U.S. economic data and hawkish comments from…
Oil prices on track to finish week lower on U.S. rate hike worries
Oil prices were on track for weekly losses as strong U.S. economic data heightened concerns that the Federal Reserve would further tighten monetary policy to tackle inflation, a move that…
MARKET UPDATE
Stocks shrug off rates risk as U.S. consumers spend Asia’s stocks rose on Thursday, with investors choosing to cheer strong U.S. retail sales data as good news for earnings rather…
MARKET UPDATE
Dollar gains as inflation remains sticky, sterling retreats The U.S. dollar climbed higher in early European trade Wednesday after U.S. consumer inflation remained elevated in January, while sterling fell after…
MARKET UPDATE
Asian shares edge higher ahead of U.S. inflation data Asian shares edged higher on Tuesday, tracking a rebound on Wall Street ahead of a key U.S. inflation report, while the…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between February 13th, 2023, and February 17th, 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Oil falls on demand worry as Fed ‘make or break moment’ approaches Oil prices eased around 1% on Monday after rising in the previous session, as investors focused on short-term…
MARKET UPDATE
Asia FX sinks on pressure from U.S. yields, weak China inflation Asian currencies retreated on Friday as an overnight spike in U.S. Treasury yields drummed up fears of a looming…
WEEKLY MARKET RECAP: February 06 – February 10, 2023
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
European stock futures higher. German CPI, Credit Suisse in focus
European stock markets are expected to edge higher at the open Thursday, as investors digested the latest German inflation data as well as the continuation of the quarterly corporate earnings…
MARKET UPDATE
Asian stocks draw massive foreign inflows on softer dollar Emerging Asia ex-China stocks received massive inflows in January, with investors expecting the U.S. Federal Reserve to slow down the pace…
MARKET UPDATE
Dollar retreats as Powell sticks to usual Fed playbook The dollar eased on Wednesday after Federal Reserve Chair Jerome Powell showed little sign of a hawkish pushback against a resilient…
MARKET UPDATE
Dollar pauses bullish run The dollar eased on Tuesday from its rally at the start of the week, but hovered near a one-month peak as traders raised their forecasts of…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between February 06th 2023 and February 10th, 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Japanese yen slides as report pegs Amamiya as BOJ governor The Japanese yen fell to an over three-week low against the dollar on Monday after a report said that Bank…
MARKET UPDATE
Asia FX weakens, dollar rebounds as nonfarm payrolls loom Most Asian currencies weakened on Friday, while the dollar rebounded in anticipation of more cues on the U.S. economy from nonfarm…
MARKET UPDATE
Gold holds 9-month high as dollar sinks Gold prices rose to a nine-month high on Thursday after rallying sharply in the prior session as the Federal Reserve’s commitment to keep…
MARKET UPDATE
Oil prices muted after middling January, Fed meeting in focus Oil prices kept to a tight range on Wednesday after retreating in January, with markets now seeking more cues from…
U.S. stock futures drift lower ahead of Fed decision
U.S. stock futures edged lower as traders looked ahead to the Federal Reserve’s much-anticipated interest rate decision this week, awaited a new slate of corporate earnings, and took in fresh…