Author: FX
S&P 500 OUTLOOK:S&P 500 rallies and closes at its best level since February 15, with the consumer discretionary and communications sectors leading gains on Wall StreetWeaker-than-expected wholesale inflation boosts positive sentiment, increasing appetite for riskier assetsThe first-quarter earnings season will take center stage in the coming days, with key banks reporting financial results on Friday Recommended by Diego Colman Get Your Free Equities Forecast Most Read: US Dollar in Freefall, USD/CAD Breaches Major Support, GBP/USD on Brink of BreakoutThe S&P 500 surged on Thursday, rallying 1.33% to 4,146, its best close since February 15, supported by upbeat mood following weaker-than-forecast…
© Reuters. FILE PHOTO: A box containing a Mifepristone tablet is seen at Blue Mountain Clinic in Missoula, Montana, U.S. February 28, 2023. REUTERS/Callaghan O’Hare/File Photo By Julia Harte (Reuters) – U.S. telehealth abortion providers scrambled on Thursday to keep their services available after a federal appeals court ruled that the abortion pill mifepristone could be distributed amid ongoing litigation but with significant restrictions. The New Orleans-based 5th U.S. Circuit Court of Appeals on Wednesday upheld a lower court order that confined use of the pill to the first seven weeks of pregnancy and required in-person doctor visits to obtain…
Freddie Mac primary mortgage market surveyThe 15 year mortgage averaged 5.54% which was lower than last week’s 5.64%. One year ago the 15 year mortgage rate was at 4.17%.The mortgage rates are focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. Source link
US DOLLAR OUTLOOK:The U.S. dollar extends losses and reaches its weakest level in more than two months following softer-than-expected PPI dataUSD/CAD breaks below trendline support, reinforcing bearish market signalsGBP/USD attacks cluster resistance and eyes a potential bullish breakout Recommended by Diego Colman Get Your Free USD Forecast Most Read: US Dollar Extends Losses as Fed Minutes Flag Recession Risks amid Banking Sector TurmoilThe U.S. dollar, as measured by the DXY index, plunged on Thursday, retreating for a third straight session and hitting its lowest level in more than two months near 100.85, undermined by falling U.S. Treasury yields following a…
Share: In an interview with CNBC on Thursday, International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva said that she doesn’t think there is a banking crisis in the US but acknowledged that there are vulnerabilities, per Reuters. Gerogieva noted that the slowdown in the US economy will lead to Federal Reserve to recalibrate the policy. On inflation outlook, she said that inflation is coming down but added that the decline is not fast enough. Market reaction The US Dollar Index stays deep in negative territory after these comments and was last seen losing 0.5% at around 101.00. Source link
Oil (WTI) News and AnalysisOPEC’s monthly report for March points to concerns over tight monetary policy in the US in as much as it could affect the ‘driving season’WTI technical considerations and levels of interestIG client sentiment reveals a mixed outlook as sentiment shifts to net shortThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Get Your Free Oil Forecast OPEC’s Monthly Report Points to Monetary Policy ConcernsOPEC has raised concern over continued restrictive monetary policy and the potential effect this…
The first Quarter of 2023 has shaped up to be a unique one because of the challenging economic landscape that companies have had to operate in over the past 12 months, largely characterised by record high inflation and as a result an environment of high interest rates. As such, Q1 earnings have peaked investors’ interest more than usual. One of the companies due to report their earnings on 14 April 2023 at the opening bell will be BlackRock (NYSE: BLK). Introduction BlackRock, Inc. is a leading global investment management corporation, founded in America in 1988 and based in New York.…
EUR/USD Price, Chart, and AnalysisThe US dollar is stuck in a downtrend and heading for 100.Euro Area industrial production beats expectations. Recommended by Nick Cawley Download our Brand New Euro Forecast Most Read: US Dollar Price Forecast: US Jobless Claims and PPI May Add to USD WeaknessWednesday’s US inflation data and FOMC minutes have pushed the US dollar lower after headline inflation fell for the ninth month in a row, while the Fed minutes showed growing concern that the US economy would enter a ‘mild recession’ later on this year. The US dollar today touched a new eight-week low and…
US Dollar (DXY) News and AnalysisUS disinflation continues but a stubborn core inflation reading elevates the likelihood of a 25-bps hike in MayDXY eying a test of 100 but an interesting zone around 100.85 may keep the dollar afloat in the near-termUS PPI and initial jobless claims could add to the decline later todayThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow See what our analysts foresee for USD in Q2 US Disinflation Continues but Core Remains Sticky, Elevating Chances of…
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