Marketmind: Let\’s talk about sterling

© Reuters. FILE PHOTO: Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo A look at the day ahead from Dhara Ranasinghe. Let\’s take a break from just how quick is the Fed going to slam on the brakes to contain inflation and talk about sterling. The

Dollar Lower as Longs Head For The Exit

© Reuters. By Peter Nurse – The U.S. dollar weakened in early European trade Friday, heading for its worst week in more than a year as traders now consider Federal Reserve interest rates hikes this year as being fully priced in.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback

Lebanese central bank seeks to strengthen currency after slump

© Reuters. A man leaves a currency exchange shop in Beirut, Lebanon, January 5, 2022. REUTERS/Mohamed Azakir BEIRUT (Reuters) -Lebanon\’s central bank said on Friday it aimed to boost the Lebanese pound\’s value by easing restrictions on dollar purchases after the currency hit a record low, fuelling fresh protests about rising prices and a collapsing

Asia braces for China data, oil nears 2021 highs

© Reuters. FILE PHOTO: Passersby wearing protective face masks walk past an electronic board displaying world stock indexes, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato By Wayne Cole SYDNEY (Reuters) – Asian share markets got off to a cautious start on Monday as the U.S. earnings season loomed

Energy Precious Metals – Weekly Review and Outlook

© Reuters. By Barani Krishnan — How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions? It’s a question the late Federal Reserve legend Alan Greenspan raised in a landmark 1996 speech, just as the era’s dotcom bubble was starting to froth. And

Top 5 Things to Watch in Markets in the Week Ahead

© Reuters By Noreen Burke — Earnings season kicks into high gear in the coming week, with the financial sector particularly in focus. Earnings results will test growth stocks just as investors are bracing for the Federal Reserve to begin hiking interest rates. The Bank of Japan is to meet, and the European Central

Stocks slip, bonds steady after inflation palpitations

2/2 © Reuters. FILE PHOTO: A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky Loh/File Photo 2/2 By Koh Gui Qing NEW YORK (Reuters) – Nervous global stock markets tumbled on Thursday as the dollar wilted, after a drumbeat of hawkish remarks from Federal Reserve officials made clear that U.S. interest

Dollar Edges Lower; Brainard Testimony, PPI Data Due

© Reuters By Peter Nurse – The U.S. dollar edged lower in early European trade Thursday, adding to the previous session’s sharp losses after the release of the latest inflation data failed to encourage any further bets on aggressive Federal Reserve policy tightening.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks

Dollar slips as positioning and technical selling weigh

© Reuters. FILE PHOTO: A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel/File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar fell against a basket of currencies on Thursday to a two-month low, a day after data that showed

Dollar heads for weekly loss as longs lose faith

© Reuters. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration By Tom Westbrook SYDNEY (Reuters) – The dollar headed for its largest weekly fall in eight months on Friday as investors trimmed long positions and deemed, for now, that several U.S. rate hikes this year are

S&P 500 Slides as Tech Rally Fizzles

© Reuters. By Yasin Ebrahim – The S&P 500 closed lower Thursday, as selling in tech stocks resumed following a rebound earlier this week.  The S&P 500 fell 1.4%, the Dow Jones Industrial Average slipped 0.5%, or 174 points, the Nasdaq lost 2.5%. Meta, formerly Facebook (NASDAQ:FB), Google-parent Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN),  Apple (NASDAQ:AAPL),

Wall St closes down, Fed speakers put rate hikes in focus

© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 12, 2022. REUTERS/Brendan McDermid By Sinéad Carew (Reuters) – Wall Street\’s major indexes closed lower on Thursday with Nasdaq\’s 2.5% drop leading the losses as investors took profits, particularly in technology stocks after a three-day

U.S. Supreme Court blocks Biden vaccine-or-test policy for large businesses

© Reuters. FILE PHOTO: The United States Supreme Court in Washington, U.S., May 17, 2021. REUTERS/Evelyn Hockstein/File Photo By Lawrence Hurley and Andrew Chung WASHINGTON (Reuters) – The U.S. Supreme Court on Thursday blocked President Joe Biden\’s COVID-19 vaccination-or-testing mandate for large businesses – a policy the conservative justices deemed an improper imposition on the

Oil Rally Continues, Oblivious to U.S. Fuel Pile-up

© Reuters. By Barani Krishnan – The New Year rally in oil showed no signs of slowing on Wednesday as those long the market added another 2% to crude prices after the previous day’s 4% climb.  U.S. government data, meanwhile, clearly showed a slump in demand for gasoline as the onset of winter reduced

Dollar Down, Investors Await U.S. Inflation Data

© Reuters. By Gina Lee – The dollar was down on Wednesday morning in Asia, dropping to its weakest since November 2021 after U.S. Federal Reserve Chairman Jerome Powell’s warning that it could take several months to decide on running down the central bank\’s $9 trillion balance sheet. The U.S. Dollar Index that tracks