Warsh Chosen as Fed Chair, Dollar Climbs The Most Since May – US Market Wrap
The dollar’s biggest rally since May accelerated a sharp selloff in precious metals after Trump named Kevin Warsh as his pick for Federal Reserve chair, a choice seen as less supportive of deep rate cuts and more focused on inflation. Stocks fell, …
Week Ahead: Economic Indicators 2nd – 6th February (US)
Monday the 2nd of February 09:30 ET Canadian Manufacturing PMI for January The Canadian Manufacturing PMI (Purchasing Managers’ Index) is a monthly survey-based indicator published by S&P Global that gauges activity in Canada’s manufacturing sector. A reading above 50 signals expansion, while …
Morning Juice – US Session Prep (30th January)
Sentiment The dollar rose, and Treasuries fell after reports said Trump was preparing to nominate Kevin Warsh as the next Federal Reserve chair, a choice traders view as relatively more hawkish than other candidates. Trump later confirmed the decision in a post …
After a tech-fueled selloff, stock buyers intervene: – US Market Wrap
Wall Street rebounded sharply from session lows as dip buyers jumped in, following a slump caused by concerns over whether the enormous expenditure on artificial intelligence will justify all of the cash. Commodity prices shifted dramatically, with gold falling and oil rising. …
Morning Juice – US Session Prep (29th January)
Sentiment Long-dated Treasuries declined as oil prices climbed after Trump warned Iran about potential military strikes. A gauge of the dollar was little changed. Gold surged to a record above $5,500 an ounce, extending a rapid rally into a ninth day as …
Markets Waver After Fed Holds Rates as Dollar Firms – US Market Wrap
US stocks and bonds fluctuated after the Federal Reserve opted to keep interest rates unchanged, with Chair Jerome Powell avoiding any signal that rate cuts will resume soon amid signs of a resilient economy. The dollar strengthened as Treasury Secretary Scott Bessent …
Morning Juice – US Session Prep (28th January)
Sentiment A gauge of the dollar rebounded from its lowest level in nearly four years ahead of the Federal Reserve decision, with interest rates expected to remain on hold. Treasuries were little changed. Gold surged to a record above $5,280 an ounce, …
Stocks Hit Fresh Records on Earnings Optimism as Dollar Slides – US Market Wrap
US equities surged to new all-time highs amid growing confidence that strong corporate earnings will continue to drive market gains. The dollar weakened sharply, falling to its lowest level in nearly four years, while gold remained elevated above $5,000. The S&P 500 …
Morning Juice – US Session Prep (27th January)
Sentiment The dollar steadied after three straight sessions of losses as US equity futures pointed higher. Treasuries were little changed as Wednesday’s Federal Reserve meeting came into focus. Global stocks are pushing toward fresh record highs, led by gains in technology shares …
Gold Reaches $5,000, Stocks Rise, and the Dollar Falls – US Market Wrap
At the start of a busy week, markets saw big swings away from stocks and bonds, with the dollar plunging to its lowest level since 2022 and gold hitting $5,000. US shares gained on increases in electricity suppliers, while natural gas surged …
