There is not much going on on the FX market today besides the yen and Swiss franc being weaker. Tomorrow’s U.S. CPI report and after that, there is not much to do. Tomorrow’s economic data consist of the EIA’s weekly oil inventory data, which is the only other item on.
Today, bond markets are being bought Headers: Villeroy of the ECB has declared that rates will be pushed higher in the future Bond markets are being bought today Domestic flights are being grounded by a malfunctioning IT bond markets are being bought today Domestic flights are being grounded by a.
That is certainly quite a rare occurrence, to see all nationwide flights in the US being grounded due to a system glitch. I would imagine that the total working hours lost due to this incident will be quite something.
The major US stock indices are picking up some steam to the upside. The major indices are near their highs on the day. A snapshot of the market currently shows: Dow Industrial Average up 128 points or 0.3% at 33645.52 S&P index of 21.96 points or 0.56% 3914 NASDAQ index.
Crude oil futures continue to get hit with the contract price near $73 after trading above $81 just yesterday. The contract is currently trading below the $73 level at $72.94. That’s down close to $4 on the day. Looking at the daily chart above, the low price in December (and.
China’s yuan not far from a 4 month high – policy support, COVID recovery, seasonal demand China to pause costly chip investments as Covid strains budget PBOC Guangzhou branch reportedly guides banks to provide offshore financing to developers ICYMI – China’s Finance Minister reiterated plans to appropriately expand fiscal spending.
The US stocks are trading to new session lows. A snapshot of the markets shows: Dow Industrial Average is down -239.43 points or -0.72% at 32907.83 S&P is down -38.59 points or -1.01% at 3800.90 NASDAQ index is down -139.68 points or -1.33% at 10326.80 For the S&P index it.
Prelim 46.2 Prior 47.7 Lowest since May 2020 Firms hiked their selling prices at the softest pace for just over two years Lower prices for some inputs such as metals and fuel led to the slowest uptick in cost burdens since July 2020 The decrease in new orders was steep.
The major US stock indices are getting off to a positive start with gains. The indices are led by the NASDAQ index which is up around 1% after declining -33.10% in 2022 (it was the worst performing of the major indices). They stepped out of the market eight minutes into.
The latest GDT price index was down 2.8%, following a 3.8% decline in the final December auction. NZD/USD is surging back today, trimming the decline to 31 pips at 0.6281. This article was written by Adam Button at www.forexlive.com.
The first trading day of the year highlights a few opportunities in the market this year. I’m skeptical that price action this early is telling but some news items are notable and fit into themes I highlighted in the video below. 1) China reopening The China PMI today was awful.
The US dollar is sizzling today even as Treasury yields fall. It’s a reminder that intermarket correlations don’t matter on Day 1 as flow-driven trade dominates. The rally in the dollar speaks only to demand for liquidity and the world’s reserve currency — I wouldn’t take it as any kind.