CPI Reactions: S&P 500 Eyes Bull Market, Dollar Sinks, Treasuries And Gold Climb As Markets Embrace Potential Fed Pause
Market risk appetite soared on Wednesday, with the U.S.
CPI Inflation Slows To 4.9% In April, Fueling Market Hopes Of Fed Rate Pause In June
The Consumer Price Index (CPI) in the United States came in at 4.9% year-over-year in April, slightly below the 5% increase seen in March and the 5% forecasted by economists.
BofA: US Dollar’s Dominance, Privilege Are Here To Stay – BRICS, Yuan & Crypto Are Not Alternatives
The global dominance of the US dollar is not in any way under threat, as no other currency alternatives are available.
Greenback Strengthens: Analyst Sees Bear Trap, Predicts Snapback Rally For USD In May
Bank of America technical analyst Paul Ciana expressed a tactically bullish stance on the dollar, saying that the greenback is set for the second episode of a snapback rally in May.
End Of Banking Turmoil: Major Central Banks Retract Emergency Dollar Swap Operations
In the clearest hint yet that last month's financial market volatility is mostly over, the world's top central banks have decided to reduce the frequency of their dollar liquidity operations with the U.S.
Dollar Recovers, Fed Rate Hike Bets And Treasury Yields Rise As New York Manufacturing Activity Sharply Improves in April
The U.S. dollar and Treasury bond yields are rebounding aggressively on Monday (April 17), as investors fear that a lack of recessionary threats will force the Federal Reserve to keep monetary conditions tight for an extended period of time.
BofA Chief Strategist Calls For A 20% US Dollar Selloff, Turns Bullish On Gold And The Euro
Michael Hartnett, chief investment strategist at Bank of America, projected the start of a bear market for the U.S. dollar, predicting a 20% loss in the U.S. dollar index (DXY).
EUR/USD Rises To Fresh 1-Year High, Breaks Above 1.10 As Dollar Downtrend Rages On
The EUR/USD pair pushed to its freshest highs in over a year, extending over 1.1050 on Thursday as the release of a falling producer price index inflation data point and
Bank Of England Hikes Interest Rates To 4.25%: Pound Edges Higher, UK Stocks Hold Steady Ahead of Wall Street Open
The Bank of England raised interest rates by 25 basis points to 4.25% Thursday, as widely anticipated by the market, in a 7-2 vote.
Further tightening of monetary policy will be required "if there were signs of more persistent price pressures," the central bank said in a statement.
British Pound Sees Relief Rally As PM Truss Ditches Tax Cuts For Super-Rich
The United Kingdom Prime Minister Liz Truss has dropped a plan to reduce taxes for the highest earners, giving some much-needed respite for the battered pound.