Dollar gains from FOMC minutes may be short-lived
On Wednesday, the release of the Federal Open Market Committee (FOMC) minutes from the 1 May meeting indicated a more hawkish stance than anticipated, providing a...
On Wednesday, the release of the Federal Open Market Committee (FOMC) minutes from the 1 May meeting indicated a more hawkish stance than anticipated, providing a...
-- Most Asian currencies kept to a tight range on Thursday and were nursing overnight losses as the minutes of the Federal Reserve’s recent meeting boosted the dollar...
Knowing how to balance the potential rewards with the risks is crucial.
Bloomberg analyst Eric Balchunas has speculated that the Securities and Exchange Commission (SEC) will likely make an announcement around 4pm today concerning cryptocurrency regulations. Reflecting on past trends, including a spot bitcoin announcement at 3:45pm and others slightly after 4pm, Balchunas suggests that an update from the SEC could come around the same time. However, he admits that anything is possible in the dynamic and unpredictable world of cryptocurrency. This news has the potential to cause significant reactions within the crypto market, depending on the nature of the SEC's decision.
-- Japan’s manufacturing sector unexpectedly rose back into expansion territory in May, boosting overall business activity and helping offset a mild decline in...
US existing home sales fell below April estimates, reporting a figure of 4.14 million for the month while declining more than expected by 1.9% month-over-month. Realtor.com Chief Economist Danielle Hale helps Yahoo Finance look deeper into the housing data and what it signifies for forthcoming improvements in the housing market. "For existing homeowners who are maybe reasonably happy with their home, but ready to make a trade either up or down or to something different, it is really expensive to try to get a mortgage at a 7% rate, compared to their current rate," Hale explains. "90% of them are under six and two-thirds are under 4%. so it makes it a lot more expensive to move." She also expects real estate market and buyer activity to "ramp up" with every little decline in mortgage rates, but forecasts it to still be a "slow comeback." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Investors have been rewarded for investing in funds like NVDL, which has gained 5-fold over the past year.
UBS released a report on the current foreign exchange environment, maintaining its key G10 currency views and predicting continued strength for the U.S. dollar. The firm...
- The U.S. dollar traded calmly Wednesday ahead of the release of the minutes from the last Federal Reserve meeting, while sterling gained as inflation fell by less...
Nvidia (NVDA) is set to report its first-quarter earnings after the closing bell on Wednesday with many on Wall Street focused on the outcome to see how it may test the strength of the market. With the number of AI mentions among companies across multiple sectors increasing from last quarter, details from Nvidia's report may have more influence across those sectors than usual. Yahoo Finance Markets Reporter Josh Schafer joins Morning Brief to discuss how Nvidia's earnings can impact multiple sectors beyond AI. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino