Tag: powell
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S&P 500 Sinks After Powell Speech and Yellen Testimony, Will US Dollar Rebound?
[ad_1] S&P 500, US Dollar, Jerome Powell, Janet Yellen – Asia Pacific Market Open: The S&P 500 sank 1.6% in the aftermath of the Fed rate decision Chair Jerome Powell tried pouring cold water on rate cut bets Meanwhile, Janet Yellen testimony compounded risk aversion Asia-Pacific markets appear to be bracing for volatility next Recommended…
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Dow Jones, Nasdaq 100, Gold, US Dollar, Crude Oil, Fed, Powell
[ad_1] Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market volatility was on edge this past week as financial-related stocks disproportionately suffered. On Wall Street, the Dow Jones fell -0.15%, but the tech-heavy Nasdaq soared 4.41%. Across the Atlantic, the DAX 40 and FTSE 100 sank -4.28% and -5.33%, respectively. This is as…
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Crude oil lower; China import data weighs ahead of Powell testimony
[ad_1] By Peter Nurse Investing.com — Oil prices fell Tuesday after weak data from top crude importer China raised doubts about the extent of the recovery in the world’s second largest economy. By 09:00 ET (14:00 GMT), futures traded 0.7% lower at $79.72 a barrel, while the contract fell 0.7% to $85.58 a barrel. Trade…
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Gold creeps lower as Powell testimony looms, copper steadies
[ad_1] By Ambar Warrick Investing.com — Gold prices kept to a tight range on Tuesday as markets hunkered down ahead of more cues on monetary policy from a testimony by Federal Reserve Chair Jerome Powell, while copper prices steadied in anticipation of Chinese trade data. Powell is at 10:00 AM ET (15:00 GMT), and is…
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Oil prices advance ahead of Chinese trade data, Powell testimony
[ad_1] By Ambar Warrick Investing.com–Oil prices rose to multi-week highs on Tuesday as markets awaited Chinese trade data to gauge the strength of crude demand in the country, although anticipation of a testimony by Federal Reserve Chair Jerome Powell kept broader sentiment muted. After Chinese showed a stronger-than-expected rebound in February, markets are waiting to…
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Gold treads water as high yields weigh, Powell talk in focus
[ad_1] By Ambar Warrick Investing.com– Gold prices steadied at a near one-month low on Tuesday amid continued pressure from strength in the dollar and Treasury yields, with focus now turning to economic cues from a talk by Federal Reserve Chair Jerome Powell later in the day. The yellow metal had a muted session on Monday after…
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Gold moves little after worst week in 7 months, Powell talk awaited
[ad_1] By Ambar Warrick Investing.com — Gold prices were muted on Monday after logging their worst week in seven months, with focus now turning to a discussion with Federal Reserve Chair Jerome Powell after stronger-than-expected U.S. employment data ramped up fears of more monetary tightening. Gold prices plummeted 2.5% on Friday and lost over 3%…
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US Dollar Support Breakout Remains Lackluster After Powell Speech, Focus on CPI
[ad_1] US Dollar, DXY, Fed Outlook, Jerome Powell, CPI – Asia Pacific Market Open US Dollar flat as Jerome Powell offers no new meaningful updates The DXY Dollar Index support breakout has been lackluster so far Australian Dollar now eyeing local monthly inflation gauge next Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific…
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Crude oil edges higher; Chinese demand, Powell speech in focus
[ad_1] By Peter Nurse Investing.com — Oil prices edged higher Tuesday, consolidating after a strong start to the week, helped by a potential boost to Chinese demand ahead of a key speech by Fed chief Jerome Powell. By 08:50 ET (13:50 GMT), futures traded 0.6% higher at $75.08 a barrel, while the contract rose 0.4%…
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Dow and S&P 500 Breakout Collapses But Dollar Holds Onto Losses with Powell Ahead
[ad_1] Dow, S&P 500, Volatility, EURUSD and Fed Rates Talking Points: The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000 While there was notable event risk for release Monday – such as the NY Fed’s inflation expectations – it seemed markets were motivated more by Friday’s momentum A false breakout reversal from…