Stocks End Sharply Lower
Stocks fell sharply on Wednesday, with all three major indexes finishing the day near session lows, as some disappointing economic data weighed down investors’ sentiment. The Dow Jones ended the day 0.94% lower at...
Category: Forex Market Update
Forex Market Update: U.S. Dollar Broadly Lower as the Market Anticipates No Change in Fed’s Policy
The euro climbed to a two-month high against a broadly weaker U.S. dollar on Wednesday as expectations are abound that the Federal Reserve will keep its aggressive monetary policy unchanged in an effort to...
Stocks in Red in Early Trading
U.S. stocks slipped in early trading as investors weigh stronger than expected home prices data against disappointing first-quarter results from Pfizer Inc. (NYSE: PFE). At last check, the Dow Jones Industrial Average Index fell...
Forex Market Update: Euro Eases against the U.S. Dollar
The euro fell against the U.S. dollar on Tuesday as expectations over further monetary easing from the European Central Bank (ECB) increased after economic data releases from the monetary union showed that the region’s...
Stocks End Sharply Higher; S&P 500 Closes at Record High Level
Stocks rose sharply in trading on Monday as investors digested better than expected pending home sales data. Investors’ sentiment was also lifted as political uncertainty in Italy finally ended. The S&P 500 closed at...
Forex Market Update: U.S. Dollar Trades Broadly Lower
The U.S. dollar traded broadly lower on Monday after weaker than expected first quarter GDP data (released on Friday) raised expectations that the Federal Reserve will keep continuing its monetary easing measures to shore...
Stocks End on a Mixed Note
Stocks struggled for direction in trading on Friday, ending the day on a mixed note, as some weak economic data weighed down investors’ sentiment. The Dow Jones ended the day 0.08% higher at 14,712.55,...
Forex Market Update: U.S. dollar Falls Sharply against Yen
The U.S. dollar traded sharply lower against the yen on Friday after the Bank of Japan (BOJ) upheld its monetary policy and predicted week inflation ahead, raising doubts over the efficacy of ongoing economic...
Forex Market Update: U.S. Dollar Slips against Yen and the Euro
The U.S. dollar fell against both yen and the euro on Thursday as more than feared drop in U.S. durable goods orders in March reignited concerns over the state of the U.S. economy. On...
Stocks Struggle for Direction
Stocks struggled for direction in trading on Wednesday, with the S&P 500 and the Nasdaq finishing the day flat. The Dow Jones, meanwhile, ended the day marginally lower, ending a three-day rally. Stocks struggled...