Stocks End on a Mixed Note; Post Gains for July
Stocks ended on a mixed note in trading on Wednesday even as the Federal Reserve maintained its $85 billion a month bond purchase program. However, all three major indexes posted gains for the month...
Category: Forex Market Update
Forex Market Update: Dollar Index Gains After GDP, and Job Data
The U.S. dollar index gained sharply on Wednesday following the release of stronger-than-expected job and GDP data releases, fanning speculation that the Federal Reserve could soon start tapering its bond purchase program. The dollar...
Stocks Gain in Early Trading
U.S. stocks gained sharply in early trade as investors cheered two back-to-back unexpectedly strong economic data releases. At last check, the Dow Jones gained 0.35%; the NASDAQ Composite Index climbed 0.53% while the S&P...
Stocks End on a Mixed Note
Stocks ended on a mixed note in trading on Tuesday as investors remained on the sidelines ahead of the release of Federal Reserve’s monetary policy statement on Wednesday. However, the Nasdaq still managed to...
Forex Market Update: Dollar Gains Ahead of the FOMC as Investors Expects Squeeze on Quantitative Easing Soon
The U.S. dollar index edged up on Tuesday as market participants expect the Federal Reserve to offer some hint over when exactly it could start winding down its bond purchase program. The Federal Reserve’s...
Forex Market Update: Dollar Slips as Investors Eye FOMC
The U.S. dollar traded broadly lower on Monday as investors cut positions in the U.S unit, ahead of the Federal Reserve’s policy rate statement on Wednesday, which according to market grapevine, could herald a...
Stocks Recover in Late Trading to End Slight Higher
Stocks recovered in late trading on Friday to finish slightly higher, with the Dow Jones posting its fifth straight weekly gain. The Dow Jones ended the day 0.02% higher at 15,558.83, the S&P 500...
Forex Market Update: U.S. Dollar at 5-Week Low
The U.S. dollar remained at a 5-week low on Friday amid reports that the Federal Reserve in its next FOMC, which is scheduled for next week, will reiterate its plans to keep interest rates...
Forex Market Update: Euro, Sterling Down Against Dollar
The euro and pound sterling edged down against the U.S. dollar on Thursday as economic indicators both from the U.K. and Germany failed to inspire investors, prompting them to cut positions on both currencies....
Stocks End on a Mixed Note
Stocks ended on a mixed note in trading on Wednesday, with the Dow Jones and the S&P 500 finishing the day in red. The Nasdaq ended the day marginally higher. All three indexes had...