Exfinances

Stocks Remain Under Pressure Ahead Of The Weekend

S&P 500 futures are losing ground in premarket trading as traders remain cautious ahead of Fed Interest Rate Decision which will be released on September 22. Yesterday, Retail Sales and Continuing Jobless Claims reports exceeded analyst expectations and raised worries that Fed will soon announce the reduction of its asset purchase program. Today, traders will …

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Dollar takes a breather ahead of US consumer sentiment, Wall Street “witching”

Markets look to recover from several risk-off days that benefited the safe-haven dollar. The massive option expires in Wall Street, US Consumer Sentiment and worries about China’s Evergrande are on investors’ minds. Gold licks its wounds, while oil and cryptos hold onto gains. Flows: The dollar benefited from robust safe-haven demand all week as investors …

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Stocks Retreat Despite Encouraging Retail Sales Report

U.S. has just released Retail Sales report for August. The report indicated that Retail Sales grew by 0.7% month-over-month in August compared to analyst consensus which called for a decline of 0.8%. While the Retail Sales report exceeded analyst estimates, it should be noted that the previous report for July was revised from -1.1% to …

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Dollar holds up ahead of retail sales, energy prices soar, cryptos rise

The market mood is mixed as hopes of cooling US inflation are offset with soaring energy costs which threaten to undermine growth. Booster COVID-19 vaccine shots are being debated and cryptocurrencies are on the rise. Weaker US inflation figures are insufficient to depress the dollar. A day after core inflation missed estimates, the world’s largest …

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Stocks Mixed After Yesterday’s Pullback

S&P 500 futures are swinging between gains and losses in premarket trading as traders evaluate their next moves after yesterday’s inflation reports. Inflation Rate report indicated that Inflation Rate increased by 5.3% year-over-year in August, in line with the analyst consensus. This was good news for the market as the report showed that inflation remained …

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Dollar shrugs off weak inflation, China worries mount, cryptos rise

Optimism from weaker US inflation figures has made way to concerns about the US and also the Chinese economy, following weak data. Updated reads on UK and Canadian inflation and US industrial output are of interest. Cryptocurrencies have been marching higher while oil and gold have consolidated their gains. Raging inflation debate: the US Core …

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Stocks Gain Ground As Inflation Remains Under Control

U.S. has just released Inflation Rate and Core Inflation Rate reports for August. Inflation Rate increased by 0.3% month-over-month in August compared to analyst consensus which called for growth of 0.4%. On a year-over-year basis, Inflation Rate increased by 5.3%, in line with analyst estimates. Core Inflation Rate grew by 4% year-over-year compared to analyst …

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Dollar pressured ahead of crucial inflation release, oil rises, cryptos stabilize

The dollar remains pressures as Investors eagerly await critical US inflation figures. The market mood is mixed with concerns from China and oil supply are offset by hopes about the economic recovery. Cryptocurrencies have stabilized after the Litecoin debacle. US inflation: Consumer Price Index figures for August are forecast to show an increase of 5.3% …

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Dollar marches higher on cautious mood amid inflation concerns, China’s techlash

Markets have kicked off the week with minor gains after a down week. Uncertainty about US inflation, China’s tech crackdown and worries about covid and infrastructure. The dollar is gaining ground across the board. Cryptos are on the back foot. Cautious mood: S&P 500 futures are little changed after stocks eroded previous gains last week. …

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