Stock market today: US stocks drop and bond yields climb as investors temper expectations for rate cuts
US stocks edged lower on Wednesday as investors continued to adjust their outlook for Fed rate cuts.Investors see a 69% chance the Fed will cut rates two
Gold drop as US yields rise, markets await Retail Sales data
Gold price plunges from all-time high of $2,758 on Wednesday as US Treasury yields climbed, while the Greenback refreshes a two-month high, according to the US Dollar Index (DXY).
US Dollar resides near three-month high markets hiding for US election uncertainties
The US Dollar (USD)  rallies higher this Wednesday, hitting a fresh three-month high in the US Dollar Index (DXY)  ahead of the US Opening Bell, fueled by uncertainty ahead of the US presidential election and safe-haven inflow after equities extend
London close: Stocks finish lower ahead of Budget, US election
London markets closed in negative territory on Wednesday as investor caution prevailed ahead of the upcoming Budget and amid ongoing uncertainty surrounding the US presidential election.
NZD/USD Price Forecast: Posts fresh two-month low near 0.6020
The NZD/USD pair falls back to near 0.6020 after a short-lived recovery in Wednesday’s European session.
Dow Jones Industrial Average sunk 400 points on Wednesday
The Dow Jones Industrial Average (DJIA) is on pace to grapple with a losing week, something the major equity index hasn’t had to do since August.
Silver Price Forecast: XAG/USD corrects below $34.50 as US Yields surge
Silver price (XAG/USD) corrects sharply below $34.50 in Wednesday’s New York session after registering a fresh more than 12-year high slightly below $35.00 on Tuesday.
USD/JPY extends uptrend on political uncertainty whilst USD benefits from economic outlook
USD/JPY is rising as pre-election concerns the ruling LDP party could lose weakens the Yen.
US Dollar adds more ground and shows no mercy
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose near a three-month high as traders flocked to the US Dollar on Wednesday.The rally was driven by persistent global economic divergence, a more hawkish Federal Reserve (Fed), and upbeat US growth projections by the International Monetary Fund (IMF).
Europe close: Stocks finish lower, Lloyds and Deutsche Bank underwhelm
Europe's stock markets mostly fell on Wednesday as macro uncertainty and cautious comments from the head of the European Central Bank weighed on risk appetite.
US Dollar stretches gains – Scotiabank
The US Dollar (USD) is extending gains this morning, pressuring the EUR below 1.08 and driving USDPY above 152 as US yields rebound from yesterday’s dip, leaving the 10Y yield within a whisker of 4.25%, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Gold glitters as US election nerves grow, strong dollar dents stocks
LONDON :Gold prices hit record highs on Wednesday, defying the dollar's rise, which kept pressure on the yen and the euro, while global stocks edged lower on investors' reluctance to place major bets ahead of the U.S. election in two weeks.Investors are also rethinking how much the Federal Reserve might need
Gold glitters as US election nerves grow, stocks wilt
LONDON :Gold prices hit record highs on Wednesday, defying the dollar's rise, which kept pressure on the yen and the euro, while global stocks edged lower on investors' reluctance to place major bets ahead of the U.S. election in less than two weeks.Investors are also rethinking how much the Federal Reserve m
Stocks face increased uncertainty ahead of earnings
Stock prices continued consolidating on Tuesday, with the S&P 500 index closing 0.05% lower after rebounding from an intraday decline.
USD/CHF edges higher to near 0.8700 due to solid US Dollar
USD/CHF appreciates and trades around 0.8680 during the early European hours on Wednesday.
NZD/USD flat lines below mid-0.6000s, seems vulnerable near one-month low amid bullish USD
The NZD/USD pair fails to capitalize on the previous day's modest recovery gains and seesaws between tepid gains/minor losses through the Asian session on Wednesday.
Fed outlook lifts dollar to 2-1/2-month peak; yen wallows at 152
TOKYO :The U.S. dollar ticked up to a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race.The yen was the biggest mover, sliding to 152 per dollar for the first time since July 31 as U.S. Treasury yiel
Fed outlook lifts dollar to 2-1/2-month peak; yen wallows at 152
TOKYO :The U.S. dollar ticked up to a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race.The yen was the biggest mover, sliding to 152 per dollar for the first time since July 31 as U.S. Treasury yiel
Euro at three-month low, yen under pressure
LONDON/TOKYO :The dollar climbed above 152 yen for the first time since late July on Wednesday and pushed the euro to an over three-month low, supported by expectations the Fed won't rush to cut rates and investors bracing for a potential Trump election victory. The U.S. currency was last up 1.1 per cent on t
Yen under pressure at 152 per dollar
LONDON/TOKYO :The dollar climbed above 152 yen for the first time since late July on Wednesday and kept the euro pinned at a two month low, supported by expectations the Fed won't rush to cut rates and investors bracing for a potential Trump election victory. The dollar was last up 0.9 per cent on the yen at
Stock market today: Indexes end mixed as traders assess rate path and brace for more earnings
Stocks wavered and closed mixed on Tuesday. Doubts about the pace of rate cuts shook shook stocks and bonds earlier this week. Strong earnings continue,
Gold rises towards $2,750 on US election woes, risk aversion
Gold prices extended their gains for the fifth day out of the last six and reached an all-time high (ATH) at $2,748, just shy of the psychological $2,750 mark.
EUR/USD tumbles below 1.0800 on high US yields, ECB officials’ remarks
The EUR/USD fell below 1.0800 on Tuesday, late during the North American session, as US Treasury yields climbed.
US Dollar sees mild gains as investors await directions
The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, sees modest gains amidst profit-taking after a sustained rally.
London close: Stocks mixed as government borrowing rises
London stocks saw a mixed performance on Tuesday, with investors digesting the latest data on government borrowing ahead of next week’s Budget.
Stock market today: Indexes slide and yields rise as rate-cut outlook dims
Stocks slumped Tuesday amid rising bond yields. Investors are adjusting outlooks for interest rate cuts from the Fed. On the earnings front, Tesla, UPS,
Stocks down, US yields higher as traders weigh election uncertainty
NEW YORK :A gauge of global shares was lower on Tuesday, on track for the second consecutive day of losses, with U.S. yields higher as markets weighed uncertainty ahead of the U.S. election as well as the outlook on interest rate cuts.Democratic Vice President Kamala Harris held a marginal 46 per cent to 43 p
Stocks down, US yields higher as traders weigh election uncertainty
NEW YORK :A gauge of global shares was lower on Tuesday, on track for the second consecutive day of losses, with U.S. yields higher as markets weighed uncertainty ahead of the U.S. election as well as the outlook on interest rate cuts.Democratic Vice President Kamala Harris held a marginal 46 per cent to 43 p
The bond market is selling off after traders got their Fed forecasts wrong
Bonds have sold off as traders reassess the path of Fed Reserve rate cuts.Strong economic data and the potential for a Trump win have pushed interest
US Dollar supported while equity markets dive lower
The US Dollar (USD) slightly retraces on Tuesday following a small sprint higher on Monday that drove the US Dollar Index (DXY), which gauges Greenback’s value against six major currencies, to a fresh 11-week high after US equities retreated from their all-time highs.
USD remains firm but gains slow – Scotiabank
The US Dollar (usd) is trading flatter against its major currency peers as DXY gains show some—tentative—signs of stalling around the 104 area (which was the upper end of the range I suggested the DXY could reach at the start of the month as the index started to show signs of gaining momentum), Scotiabank’s Chief FX Strategist Shaun Osborne notes.
last updated on 23 Oct 22:22