Latest Market News
Stocks ended lower but off their worst levels, with the tech-heavy Nasdaq Composite bearing the brunt of selling pressure for a second session Wednesday after minutes of the Federal Reserve’s March policy meeting outlined plans for shrinking the central bank’s nearly $9 trillion balance sheet. The Dow Jones Industrial Average ended with a loss of […]
The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations. 368 Total views 42 Total shares Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States. According to a […]
Costco Wholesale Corp. COST, +1.65% said late Wednesday its March sales rose 18.7% to $21.61 billion, from $18.21 billion in March 2021. Comparable-store sales rose 17.2%, including a 19.1% increase in same-store sales in the U.S., Costco said. The five-week March retail month had one extra shopping day, which helped total and comparable-store sales by […]
USDJPY, “US Dollar vs. Japanese Yen” In the H4 chart, USDJPY is heading towards the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks the resistance at […]
EURUSD weakened pretty much on Tuesday and remains under bearish pressure on Wednesday. The major currency remains weak in the middle of the week. The current quote for the instrument is 1.0911. Demand for the “greenback” skyrocketed after some harsh comments from American monetary policymakers. For example, Lael Brainard, the vice-chair of the Federal Reserve, […]
Bonds Tank on Fed HawkishnessUS bond prices continue to sink this week, with bonds soaring, on the back of hawkish comments from Fed’s Brainard overnight. Speaking at a conference in Minneapolis, Brainard told the audience that she believes the run-off in the Fed’s balance sheet will happen at a much quicker pace than the last […]