Latest Market News
All three major U.S. stock benchmarks ended higher Wednesday, with the technology-laden Nasdaq Composite leading the way up as investors digested minutes of the Federal Reserve’s policy meeting in early May. The Dow Jones Industrial Average DJIA, +0.60% closed about 0.6% higher, while the S&P 500 SPX, +0.95% gained around 1% and the Nasdaq Composite […]
President Joe Biden on Wednesday said he and first lady Jill Biden “will be traveling to Texas in the coming days” to “hopefully bring some little comfort” to families affected by the school shooting in Uvalde, Texas. Biden also reiterated his call for gun reforms and called for the Senate to confirm his nominee for […]
The Biden White House on Wednesday touted new projections from the Congressional Budget Office, noting the CBO estimates that the deficit this year “will fall by $1.7 trillion — the single largest nominal reduction in the federal deficit in American history.” Shalanda Young, director of the White House’s budget office, said: “With that historic reduction, […]
After several trading sessions of growth, EURUSD is taking a break on Wednesday. However, the momentum may yet continue in the future. The major currency pair is slightly correcting on Wednesday. The current quote for the instrument is 1.0699. The statistics published by the US yesterday were an unpleasant surprise. The New Home Sales showed […]
EURUSD, “Euro vs US Dollar” After finishing the correction at 1.0755, EURUSD is forming a new descending impulse towards 1.0533. Later, the market may resume growing to reach 1.0640 and then resume trading downwards with the target at 1.0460. GBPUSD, “Great Britain Pound vs US Dollar” Having completed the correction at 1.2595, GBPUSD is forming […]
NZD Higher Following RBNZThe New Zealand Dollar continues to trade higher today following a firmly hawkish meeting from the RBNZ overnight. On the back of a recent 4% recovery rally against USD, NZD saw around a further 1% gain overnight as the RBNZ hiked rates for a second consecutive meeting and upgraded its rates forecasts […]