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US Open: Futures steady after central bank support
Futures reverse earlier losses and point to a flat open as investors weigh up central bank support and UBS buying Credit Suisse. Regional US banks are remain in focus.
US Open: Stocks slip but are set for a strong weekly gain
Stocks pare yesterday's rally after big US banks prop up First Republic Bank. Nasdaq is set to gain over 5% this week. US Michigan confidence is due shortly.
US Open: Stocks rise after inflation data
US stocks are set to open higher after headline inflation cooled in line with forecasts but core inflation was hotter than expected.
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US CPI preview: Fed rate expectations dive, USD/CAD tests 1.37
In the wake of the implosion of SVB, traders are dialing down their expectations for Fed hawkishness next week...
US Open: Stocks rise as jobless claims hit a 10 week high
Futures etase earlier losses after US jobless claims rise y more than expected in a case of bad news is good news for stocks.
NFP preview: Have dollar bulls gotten ahead of themselves?
Weighing the data and our internal models, the leading indicators point to a slightly above expectation reading in this month’s NFP report - see why!
US Open: Stocks struggle after Powell inspired selloff & private payrolls rise
Investors lick their wounds after yesterday's steep selloff and as investors look ahead to Powell's second testimony. ADP payrolls rise by more than expected.
Powell puts a 50bps March hike firmly on the radar, GBP/USD tests 2023 lows
According to the CME’s FedWatch tool, investors are now pricing in a 60/40 shot of a 50bps rate hike in two weeks’ time and that rates could peak above 5.5%.
US Open: Stocks rise cautiously with all eyes on Powell's testimony
Stocks edge higher ahead of Powell's appearance before Congress where he will testify on monetary policy. A hawkish stance could pull stocks lower & lift the USD.
Powell prepares to pontificate to policymakers, AUD/USD tests 0.6700 support
Some officials and Fed watchers have suggested a 50 basis-point move should be on the table if inflation fails to slow...
US Open: Stocks edge higher ahead of ISM non-manufacturing data
US stocks point to modest gains on the open as investors digest the latest Fed commentary and look ahead to the US ISM non-manufacturing PMI.
US Open: Stocks fall as jobless claims unexpectedly slow
Futures head broadly lower after US jobless claims rise by 190k, down from 192k. The data highlights the strength of the jobs market giving the Fed space to hike rates further.
US Open: Stocks edge higher ahead of housing & consumer confidence data
US stocks climb higher, but fall across the month on hawkish Fed fears. US house price and consumer confidence data is due to be released.
EUR/USD: Rally potential after hot Spanish and French CPI readings
The ECB had already planned a half-point rate move in March, and these stronger readings are likely to bolster officials who say that more big moves are needed beyond that to get inflation under control.
US Open: Stocks rise after last week's selloff
Stocks rise after steep losses last week. Stocks are heading for a 2% drop across the month as the markets price in higher interest rates for longer.
US Open: Stocks tank after the Fed's preferred inflation gauge unexpectedly rose
US stocks tumble after hotter than expected inflation fuels hawkish Fed bets. USD rallies and Gold tumbles.
US Open: Stocks rise cautiously ahead of the FOMC minutes
Stocks edge higher after steep losses yesterday as the markets fretted that the Fed could raise rates higher for longer. Will the Fed minutes fuel those fears or will they be considered outdated given the strong data came in after the Fed's February meeting?
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Will USD/CAD break key resistance at 1.35 after soft Canadian CPI?
The just-released Consumer Price Index (CPI) in Canada rose 5.9% year-over-year in January...what does that mean for USD/CAD?
Fiat Money: What is a Fiat Currency?
A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.
US open: Stocks fall as rate hike fears rise
US stocks fall as hawkish Fed fears are re-ignited following a week of stronger than forecast data and hawkish Fed comments.
European Open: The dollar remains supreme amidst hawkish Fed speak
Talk of a 50bp Fed hike in March saw the dollar extend its lead late in the US session, and maintain its trajectory during Asian trade.
US open: Strong data sinks stocks
PPI rose by more than expected and jobless claims unexpectedly fell. The data points to a more hawkish Federal Reserve and higher rates for longer.
US open: Futures fall after inflation misses forecasts
Futures fall after US inflation cools but by less than forecast, adding pressure to the Federal Reserve to keep hiking interest rates.