© Reuters. FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany/File Photo By John McCrank NEW YORK (Reuters) -The dollar was slightly higher on Wednesday as traders held off on big bets ahead...
Markets were rather uneventful last week with volatility cooling off as we head into the lull of summer. The ‘sell in May and go away’ anomaly held true for the first couple weeks of the month, but lack of follow-through has since led to a recovery in market sentiment...
GOLD PRICE OUTLOOK:Gold prices extended higher after rising sharply following a weak nonfarm payrolls report The DXY US Dollar declined to a 10-week low, buoying precious metal pricesThe world’s largest gold ETF saw net inflows for the first time in months as bullion prices reboundGold prices registered a two-day...
The widely watched Euromoney FX survey revealed that top banks globally consolidated their dominance in the forex market last year, while new entrants in the industry ceded ground across the board. According to the report unveiled by Reuters, investors relied specifically on algo trading to participate in the $6.6...
US Dollar Price, News, and Analysis:US inflation (April) is expected to jump to 3.6% y/y.USD41 billion 10-year USTs hit the street later in the session.The eagerly awaited US inflation release for April – 12:30 GMT – will give traders the latest update on price pressures in the US, and...
© Reuters. Hungary Takes Pole Position for EU’s First Rate Hike of 2021 (Bloomberg) -- Hungary moved into pole position to implement the European Union’s first interest-rate hike since the pandemic as soaring inflation prompts policy makers to act in the bloc’s east. The nearby Czech Republic had...
The high-yielding Turkish Lira has been experiencing heavy selling pressure across the board over growing concerns of Turkey-USA relations, coupled with the unorthodox monetary policies by President Erdogan, fear for pre-mature interest rate cuts, and the potential for a new financial crisis in the country.Biden’s “Armenian genocide” recognition:The currency...
Dow Jones, Crude Oil, Energy Stocks, OPEC+, ISM Prices Paid, ASX 200 – Asia Pacific Indices BriefingThursday’s Wall Street Trading Session RecapStocks on Wall Street traded mostly higher on Thursday, with the Dow Jones, S&P 500 and tech-heavy Nasdaq Composite rising 0.38%, 0.52% and 0.13% respectively. Investors were back...
Market sentiment analysis:Trader confidence is high ahead of Friday’s US non-farm payrolls number, with assets such as gold, crude oil, stocks and the Canadian Dollar all benefiting.Longer term, the focus...
Deutsche Bank announced on Thursday that it has named Stephane Gruffat as its new Co-Head of equity capital markets in Europe, effective immediately.According to an internal memo seen by Reuters and shared with Finance Magnates, Stephane Gruffat, a financial veteran at Credit Suisse, has been recruited by Deutsche Bank,...