US Benchmark Stock Indexes Decline as Investors Assess Q1 GDP Estimate, Jobless Claims
US Benchmark Stock Indexes Decline as Investors Assess Q1 GDP Estimate, Jobless Claims
US Benchmark Stock Indexes Decline as Investors Assess Q1 GDP Estimate, Jobless Claims
Goldman Sachs highlighted the Indian Rupee (INR) as a standout in the emerging market foreign exchange (EM FX) complex, due to its high carry-to-volatility ratio. The firm pointed...
On Wednesday, the U.S. dollar index (DXY) experienced an upturn, surpassing the 105 mark. This movement has prompted discussions among market observers about...
- The U.S. dollar steadied in early European trade Thursday near two-week highs, supported by rising yields and rising conviction the Federal Reserve will not cut...
Per the legendary investor John Hussman -- famous for predicting the 2000 and 2008 crashes, the latest stock rally is ingrained in the extreme fear of missing out. This FOMO rally may fizzle if the consensus view starts changing and valuation gets too ripe.
-- Most Asian currencies weakened on Thursday, while the dollar crested over two-week peaks amid caution ahead of more key cues on U.S. inflation and interest rates in...
For instance, rather than asking simplistic questions like "Will the market go up tomorrow?" A trader might ask, "What are the underlying factors driving market movements, and how are they likely to evolve?"
The Dow Jones Industrial Average (^DJI) sinks by over 300 points at the get-go after Thursday's market open, the Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) are also slipping lower. The Morning Brief's Brad Smith and Seana Smith monitor the market action following the opening bell, including Treasury yield (^TYX, ^TNX, ^FVX) movements on the latest GDP (Gross Domestic Product) print. Yahoo Finance Senior Markets Reporter Jared Blikre compares the weekly average so far of the market indexes. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
According to PANews, Brian Nelson, the US Treasury Deputy Secretary in charge of terrorism and financial intelligence, has stated that the US Treasury has no intention of banning cryptocurrency mixing services. This announcement was made at a consensus conference. The Financial Crimes Enforcement Network (FinCEN) plans to classify cryptocurrency mixers as a 'major money laundering issue' by 2023 and requires Virtual Asset Service Providers (VASP) to report any crypto transactions involving mixers to the agency. Nelson clarified that this proposal is not aimed at prohibiting the use of mixers, but rather to increase transparency. He also expressed understanding of the crypto users' desire for financial privacy. However, he suggested that the crypto industry and the Treasury should work together to find ways to enhance privacy without supporting terrorist financing.
-- Gold prices fell in Asian trade on Thursday, weighed chiefly by strength in the dollar and U.S. Treasury yields as traders remained on edge before key economic readings that are likely to factor into interest rates.