June 14, 2024

Dollar Give Up retreated in European trade on Wednesday, relinquishing recent five-week highs against a basket of major currencies. This decline comes amid active profit-taking ahead of crucial US economic data releases and anticipated Federal Reserve policy decisions. Market Movements and Factors Dollar Index Performance US Treasury Yields Impact Market Expectations and Fedwatch Tool Insights …

Dollar Give Up Five-Week High Ahead of US Inflation Data Read More »

US Crude Stock Rise in a surprising development, the Energy Information Administration (EIA) reported a significant increase in US crude oil inventories. This rise contrasts sharply with market expectations, which had anticipated a decline. The data reveals broader implications for the oil market, reflecting shifts in supply and demand dynamics. Crude Oil Inventory Increase EIA …

US Crude Stock Rise by 4 Million Barrels Read More »

Fed Chair Jerome Powell recently addressed the state of the US economy, highlighting significant strides made in reducing inflation and improving job opportunities. Despite these advancements, Powell cautioned that inflation remains higher than desired, indicating ongoing challenges in reaching the Fed’s target of 2%. Let’s explore the details of his statement and its broader economic …

Fed Chair Confirms Progress in Battling Inflation Read More »

US Stock Indice understanding the movements of stock markets is crucial for investors and analysts alike. Recently, most US stock indices declined following the release of important economic data and the latest Federal Reserve decision. Let’s explore what drove these declines and what it means for the future. Background on US Stock Indices The major …

US Stock Indice Head Lower After Data Read More »

Yen Skids to understanding the movements of global currencies can be crucial for investors, businesses, and anyone involved in international trade. The recent performance of the yen, particularly its sharp decline following the Bank of Japan’s (BOJ) latest meeting, offers an intriguing case study. Let’s dive into the details of what happened and why it …

Yen Skids to Six-Week Trough After BOJ Meeting Read More »