Fed's BowmanFed's Michelle Bowman is speaking and says:U.S. Central Bank should pursue a cautious approach on monetary policy.Fed may be closer to neutral policy than policymakers currently think; inflation remains a concern.Her estimate of neutral policy rate is much...
More from BOE’s Ransden: October CPI data only marginally above BOE’s forecast
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More from Cook:Productivity is such a long run stable trend that exceeding it is very hard
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BOE Ramsden: Recent trends toward loan relatively stable inflation should continue
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Fed’s Cook: If inflation progress slows w/ jobs still solid, could see pause
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EURUSD retraces gains from yesterday moves back to swing area support at 1.05158
The EURUSD moved to a new high for the week in the early trading hours from the Asian Pacific market, but found willing sellers against topside resistance near 1.06097. That was the high of a swing area between 1.06005 and 1.06097. The price also stayed below its...
Weekly crude oil inventory data shows build of 0.545M vs 0.138M estimate
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NASDAQ index remains under pressure.
The NASDAQ index continues to fall. In premarket trading at the start of the US session, the index was up around 50 points. The current price is down -246 points or -1.29% at 18743.80. The low price reached 18724.39.Looking at the hourly chart, the price is...
Weekly oil inventory data from the EIA is due soon. The private survey showed a huge build
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First Digital’s FDUSD Stablecoin is Officially Live on Sui
Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and First Digital Labs, the creator of one of the world’s largest stablecoins, FDUSD, today announced that FDUSD is live on Sui. FDUSD is the second multi-billion dollar...
Fed vice chair Michael Barr to testify Capitol Hill
Fed vice chair Michael Barr is to testify Capitol Hill shortly. He is in charge of supervision on the Federal Reserve Board and as such is testimony is likely to be not on monetary policy or the economy per se more on regulation and supervision.Meanwhile stocks are...
Bitcoin trades to another new record high at $94,852
Bitcoin moved to a another new record high at $94,852. The move to the upside extended above the high price from yesterday at $94,057. That high extended above the high price going back to November 13 at $93,483. Those levels are now close support (yellow area on the...
Tech sector shifts: Investor focus on software innovation and defensive plays
Stock heatmap by FinViz.com Wed, 20 Nov 2024 14:46:07 GMTSector OverviewToday's US stock market reflected a mixed performance across different sectors. The technology sector is showing nuanced trends, with Microsoft (MSFT) dipping slightly by 0.50%, suggesting a...
Broader indices trading lower to start the new trading day
The broader US stock indices are trading lower to start the new trading day: S&P index -9.50 points or -0.16% at 5907NASDAQ index -45 points or -0.26% at 18937.50Dow industrial average up two points or 0.01% at 48274 Russell 2000 -5.87 points or -0.25% at...
US stocks are looking to open little changed ahead of Nvidia earnings after the close
The major US stock indices are little changed in premarket trading. Earlier higher gains have been eroded ahead of the opening bell in around 14 minutes.Dow industrial average up 53 pointsS&P index up 0.77 pointsNASDAQ index +6.5 pointsComcast is to spin off its...
US Commerce award $1.5B to GlobalFoundries as part of the Chips Act
The US Chips Act was a bipartisan supported legislation designed to incentivize the building of chip manufacturing in the US. TSMC and Intel have been some of the key beneficiaries and as such each are building new facilities for manufacturing. The awarding of $1.5...
Ford to cut 4K jobs within Europe (Germany and UK). Cite weak EV demand.
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USDCAD bounces higher after two days of declines. Prices back above 2022 high at 1.3978
The USDCAD moved lower over the last two trading days and in the process retested a swing area between 1.39458 and 1.39581. Support buyers leaned against that area (the 100 bar moving average of the 4-hour chart was also in that area), and has pushed the price higher...
What technical levels are in play for some of the major currencies vs the USD
To start the US session , the USDJPY is the biggest movers as it bounced back to the upside extending back above technical levels in the process. The pair is up 0.66% to start the US trading session. Yields are moving higher helping the pair with the 10 year up about...
ForexLive European FX news wrap: Dollar starts to perk up again
Headlines:Markets:USD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.2%US 10-year yields up 5.1 bps to 4.429%Gold down 0.1% to $2,628.43WTI crude up 0.5% to $69.76Bitcoin up 1.4% to $93,583The dollar is starting to perk up again in...