Author: FX
Stellantis (NYSE:STLA) subsidiary FCA US reported U.S. Q4 2024 retail sales increase of 1% Y/Y. Jeep brand’s Q4 2024 U.S. retail sales increased 6% Y/Y. FIAT brand’s 2024 total calendar year sales increased 153% Y/Y, led by sales of the all-electric Fiat 500e. Source link
By Michael S. Derby (Reuters) – Federal Reserve Governor Adriana Kugler said on Friday the U.S. central bank is uncertain about what the economy will deliver in 2025 and will let upcoming economic data drive the course of monetary policy. In light of Fed forecasts last month for fewer interest rate cuts in 2025, “there is a view that we can take our time, to slow down” and be more “gradual” while watching the data to see if sticky inflation pressures start to ease again, Kugler said in a CNBC interview. If the resilient job market starts to lose steam,…
Market: S&P index up +1.26%NASDAQ index up +1.77%Crude oil up $0.86 and $73.98. Gold down $-19.08 or -0.72% at $2638.45 Bitcoin is up $1400 at $98,314 In the US debt market, yields are higher with the shorter end up the most:US 2Y T-NOTE: Yield: 4.2807%, Change: 3.3 bpsUS 3Y T-NOTE: Yield: 4.3222%, Change: 3.8 bpsUS 5Y T-NOTE: Yield: 4.4136%, Change: 3.4 bpsUS 10Y T-NOTE: Yield: 4.5995%, Change: 2.5 bpsUS 30Y T-BOND: Yield: 4.8141%, Change: 1.6 bps In the US trading session today, the ISM Manufacturing PMI came in stronger than expected of 49.3 versus 48.4 estimate.. That was a highest…
Major US indices are closing solidly higher and in doing so are snapping multi-day losing streaks. For the Dow Industrial average it snapped its 4-day losing streak. For the broader S&P and NASDAQ indices,. they both snapped 5-day losing streaks.For the trading week, the indices are closing lower.A snapshot of the closing levels today shows: Dow industrial average up +339.86 points or 0.80% at 42732.13S&P index +73.92 points or 1.26% at 5942.47.NASDAQ index up +340.80 points or 1.77% at 19621.68.The small-cap Russell 2000 closed higher by 36.80 points or 1.65% at 2268.47.For the trading week: Dow industrial average fell -0.60%S&P…
Fed’s Kugler is on CNBC and says: US economy ended 2024 in a good placeThe economy is resilientProcess of disinflation has kept going.Labor market remains resilientThe labor market has been cooling gradually.Real wages are still up even with labor market cooling. The key is that job market has cooled gradually.Current unemployment rate remains historically low.The job market appears in a stable situationThe unemployment rate is not increasing rapidly. Productivity is one of the supply shocks that helps having a healthy economy with disinflation.Is optimistic about productivity.Will not comment on policies of incoming administration. Immigration has been helpful in balancing the…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Before we move deep into 2025, it’s time to a quicky look at lessons from 2024, and see how we can improve our perception and expectations when observing and trading the Greenback in 2025. But first, we’ll take a brief look at the market’s outlook on 2025, and see how we can integrate that with our lessons learned to try to come up with general practices to consider in the new year. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading…
Crude oil futures are selling and $73.96 up $0.83 or 1.13%. The settlement price is the highest since October 11. Cold weather, and Chinese policy support are being cited as reasons for the rise today and for the trading week. This week the price has risen by $4.13 or 5.5%.Looking at the daily chart, the price moved back above its 100-day moving average at $70.68 earlier this week. The price also moved above a trendline connecting highs from July 5th and October 8th. On the upside, the 200 day moving average remains as a objective at $75.38. Back on October…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The major US stock indices are not been impacted by the voting for the Speaker of the House. The major indices are trading to new session highs in the currency hourly bar. Dow industrial average is up 333 points or 0.79% at 42726. For the week, the index is down -0.62% currentlyS&P index is up 73.73 points or 1.27% at 5944. For the trading week currently, the index is down -0.48%NASDAQ index is up 330. points or 1.71% at 19612. For the trading week the index is down -0.56% This article was written by Greg Michalowski at www.forexlive.com. Source link