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Archives by Year:
Existing Home Sales Surge 9.5 Percent, Median Sales Price Up 8th Month
Existing-home Sales data from the National Association of Realtors (NAR) via the St. Louis Fed Largest Monthly Increase in a YearThe NAR reports Existing-Home Sales Vaulted 9.5% in February, Largest Monthly Increase in a YearKey Highlights Existing-home sales surged 9.5% in February to a seasonally adjusted annual rate of 4.38 million, the largest monthly increase since […]
Apple Shares Slide Amid Reports Of Impending DoJ Antitrust Lawsuit
Image courtesy of 123rf.com In a significant development, the U.S. Justice Department is reportedly gearing up to file an antitrust lawsuit against Apple (Nasdaq: AAPL), challenging the tech giant’s business practices and alleging anti-competitive behavior. The lawsuit, which has been years in the making, will likely have far-reaching implications for Apple and the broader tech industry. US DoJ Likely […]
BoE Rate Cuts Muted, Markets Cheer The Prospect Of Rate Reductions
Image Source: Pexels At the opening of the London stock market on Thursday, there was a positive trend as investors reacted positively to the Federal Reserve’s decision to maintain its plan for three interest rate cuts in 2024. Attention also turned to the upcoming monetary policy update from the Bank of England. The FTSE 100, which […]
Wall Street’s Red-Hot Rally Gains Steam As Tech Stocks Pop
Wall Street is extending its record-setting rally, with all three major benchmarks building on yesterday’s lead as tech stocks fly higher. Even though the Federal Reserve left interest rates uncut, investors seem to be holding onto hopes that at least three rate cuts will come this year based on Fed Chair Jerome Powell’s press conference. At […]
The Positive Streak Of News From Initial And Continuing Jobless Claims Continues
Initial and continuing claims once again continued their recent good streak. Initial claims declined -2,000 to 210,000, while the four week moving average rose 2,500 to 211,250. Continuing claims, with the typical one week delay, increased 4,000 to 1.807 million: While these aren’t the 50+ year lows we saw 18 months ago, they’re not far off.For […]
The Fed Caves To Inflation
Image Source: Unsplash The FOMC meeting revealed the Fed is more than willing to let inflation run higher for longer, which probably means higher long-term rates and a stronger US Dollar.Video Length: 00:09:10More By This Author:Stocks Trade Higher As Implied Volatility Melts, As Expected The VIX Falls Ahead Of OpEx And The FOMC Meeting The Market […]
Central Bank Of Turkey Responds Sharply To Deteriorating Inflation Outlook
Image Source: Pexels Following the stronger-than-expected inflation and recent FX pressures, the Central Bank of Turkey (CBT) hiked its policy rate by 500bp to 50% and announced a large set of macro-prudential measures and significant efforts to mop up excess TRY liquidity. These moves will likely further ease concerns about the CBT’s disinflation priority.The CBT hiked the policy rate (1-week […]
Analytical Overview Of The Main Currency Pairs – Thursday, March 21
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0865 Prev Close: 1.0920 % chg. over the last day: +0.50 % The US dollar gave up early gains on Wednesday and moved lower after the results of the FOMC meeting showed that policymakers maintained their forecast of a 75 bps interest rate cut this year. […]
AUD/USD Falls Back To Lows Of The Day After Release Of US Data
AUD/USD declines back down to the 0.6580s. Aussie employment data and Fed meeting outcome had boosted the pair early on Thursday. Upbeat US data saw AUD/USD fall back down, however, during the US session. AUD/USD trades back down at the lows of the day, during the US session on Thursday, after a batch of relatively […]
BoJ’s Historic Rate Hike & ECB’s Cut Signals Shake EUR/JPY
Image Source: Pixabay Bank of Japan’s rate hike raises prospects of further tightening European Central Bank hints at potential rate cuts Key economic indicators to drive EUR/JPY movements During the early European trading hours on Thursday, the EUR/JPY cross is trading with a slight softness, just above the 165.00 level. This subtle downtick finds its roots […]
