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US Q1 GDP Misses Forecasts, PCE Beats Estimates, US Dollar Moves Higher
US Q1 GDP Misses Forecasts, PCE Beats Estimates, US Dollar Moves Higher
Apr 25, 2024
US Q1 GDP, US Dollar Analysis and Charts US Q1 Q/Q GDP misses expectations.Personal Consumption Price Index (PCE) beats estimates.US dollar slips then picks up. Recommended by Nick Cawley Get Your Free USD Forecast For all economic data releases and events see the DailyFX Economic Calendar US growth remains positive but the advanced look at Q1 GDP showed output slowing....
USD/JPY Breaches ‘Line in the Sand’ Ahead of BoJ Meeting
USD/JPY Breaches ‘Line in the Sand’ Ahead of BoJ Meeting
Apr 25, 2024
Japanese Yen (USD/JPY) Analysis The yen breaks into the danger zone ahead of the BoJ meetingUSD/JPY breaches line in the sandBoJ Governor Ueda still sees trend inflation below target, will the updated forecast bring the inflation objective closer?Elevate your trading skills and gain a competitive edge. Get your hands on the Japanese yen Q2 outlook today for exclusive insights into...
Dollar tumbles to two-week lows ahead of US growth data
Dollar tumbles to two-week lows ahead of US growth data
Apr 25, 2024
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and plumbing two-week lows as demand slowed down and risk appetite rebounded. Now markets await important US growth data later today for the first quarter of the year, which will help determine the likely path ahead for US interest rates. The Price The dollar index...
Sterling surges to 16-year peak against yen
Sterling surges to 16-year peak against yen
Apr 26, 2024
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the fourth straight session against the yen, and scaling a 16-year peak and trading above the psychological barrier of 200 yen for the first time since 2008. The UK-Japan interest rate gap is expected to hold for an extended duration in favor of the...
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Sector Update: Health Care
Sector Update: Health Care
Mar 6, 2024
01:41 PM EST, 03/06/2024 (MT Newswires) -- Health care stocks were higher Wednesday afternoon, with the NYSE Health Care Index adding 0.7% and the Health Care Select Sector SPDR Fund (XLV) up 0.6%. The iShares Biotechnology ETF (IBB) rose 0.3%. In corporate news, BiomX ( PHGE ) shares surged 170% after the company said it has entered into a merger...
Powell's Comments on Monetary Policy Boosts Exchange-Traded Funds, US Equities
Powell's Comments on Monetary Policy Boosts Exchange-Traded Funds, US Equities
Mar 6, 2024
01:00 PM EST, 03/06/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were trading higher. Actively traded Invesco QQQ Trust (QQQ) was up 1.1%. US benchmark stock indexes rose after midday Wednesday as Federal Reserve Chair Jerome Powell's remarks to Congress suggested the central bank is not in a hurry to cut interest rates even...
US Benchmark Stock Indexes Rise, Treasury Yields Decline as Powell Leaves Interest-Rate Cuts on the Table
US Benchmark Stock Indexes Rise, Treasury Yields Decline as Powell Leaves Interest-Rate Cuts on the Table
Mar 6, 2024
12:36 PM EST, 03/06/2024 (MT Newswires) -- US benchmark stock indexes rose after midday Wednesday as Federal Reserve Chair Jerome Powell's remarks to Congress suggested the central bank is not in a hurry to cut interest rates even though a reduction is on the cards for this year. The S&P 500 climbed 0.9% to 5,126.3, with the Nasdaq Composite up...
Sector Update: Financial
Sector Update: Financial
Mar 6, 2024
01:34 PM EST, 03/06/2024 (MT Newswires) -- Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising around 0.6%. The Philadelphia Housing Index was adding 0.6% and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.5%. Bitcoin (BTC-USD) was increasing 5.5% to $67,309, and the...
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