The U.S. Dollar Index (DXY) is facing a decline as traders react to the latest Consumer Inflation Expectations report. This report indicates that inflation expectations have dropped from 3.4% in November to 3.0% in December. This decrease in inflation expectations has put pressure on the U.S. dollar, causing it to lose ground against other major
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The US Nas 100 Index, which serves as a proxy for the Nasdaq 100 futures, has experienced a significant decline recently, approaching the upward-sloping 50-day moving average. However, there are indications that the downside momentum has started to ease. In this article, we will analyze the current state of the index and discuss the potential
India’s southern state of Tamil Nadu has recently secured a series of investment agreements worth over $4.39 billion. This significant influx of investments is expected to boost the state’s economy and generate numerous job opportunities. The agreements involve prominent companies such as Apple suppliers Tata Electronics and Pegatron, as well as automotive giant Hyundai Motors.
The EUR/USD exchange rate is influenced by various economic indicators and events that shape the monetary policy and economic outlook of both the European Union and the United States. In this article, we will analyze the potential impact of key economic indicators on the exchange rate, particularly focusing on factors such as German trade surplus,
Federal Reserve Bank of Dallas President Lorie Logan has raised concerns about the recent decline in long-term bond yields and its potential impact on inflation. In her remarks at an American Economic Association conference, Logan warned that the US central bank may need to resume raising its short-term policy rate to prevent a resurgence of
Yesterday, the U.S. Bureau of Labor Statistics released the highly anticipated nonfarm payroll employment report for December. This report had an immediate and significant impact on the financial markets, particularly on the price of gold. In this article, we will analyze the reactions and implications of the jobs report on gold prices and its connection
The Consumer Electronics Show, now known as CES 2024, is just around the corner, and the tech world is abuzz with anticipation. While OpenAI boss Sam Altman won’t be making a physical appearance at the event, the impact of his startup’s generative artificial intelligence (AI) technology will be felt throughout the show. Just like Apple’s
The first week of 2024 proved to be a wild ride for U.S. stock indexes, as investors navigated through a topsy-turvy session that ultimately closed marginally higher. Despite the small gains, the S&P 500 and Nasdaq Composite experienced their worst weekly performance in months. Uncertainty surrounding interest rate cuts and mixed macroeconomic data played a
The EUR/USD experienced a turbulent day of trading on Friday, fueled by the release of Eurozone inflation data and US labor data. European inflation figures for December surprised the market, with the Eurozone Harmonized Index of Consumer Prices (HICP) rising to 2.9% year-on-year (YoY), surpassing the forecasted 2.4% and November’s 2.4% reading. Despite expectations for
The U.S. corporate bond market had a strong start to the year, with nearly $59 billion in high-grade bond issuance in the first week of 2024. This exceeded forecasts of $50 billion to $55 billion. The rush was driven by top-rated companies looking to take advantage of lower borrowing costs due to a tightening of
The US Dollar (USD) has experienced a retreat in the wake of the latest string of US data. While the Nonfarm Payrolls (NFP) from December exceeded expectations, the Services ISM PMI for the same month disappointed. These mixed results, along with indications of a dovish stance by the Federal Reserve, have caused the Dollar Index
The U.S. Dollar Index experienced a pullback as traders reacted to the Non Farm Payrolls report, which revealed that the U.S. economy added 216,000 jobs in December. Surprisingly, despite the positive report, the American currency did not receive significant support from traders, who remain inclined towards a dovish Federal Reserve. If the U.S. Dollar Index