Exfinances

Stocks Move Higher As Traders Believe That Inflation Remains Under Control

S&P 500 futures are gaining some ground in premarket trading as traders remain confident that the Fed keeps inflation under control. Yesterday, U.S. reported that Inflation Rate increased by 5% year-over-year in May compared to analyst consensus of 4.7%. The report did not put any pressure on the stock market as analysts pointed out that …

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Inflation fails to lift dollar, consumer confidence, infrastructure news eyed

Markets sustain the upbeat mood and the dollar remains range-bound despite strong inflation numbers. The focus shifts to US Consumer Confidence as well as potential progress in bipartisan talks. A delay of the UK’s reopening is weighing on sterling, oil extends its gains and cryptocurrencies are consolidaing. The S&P 500 Index hit yet another record …

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US inflation data and ECB decision set to rock markets, cryptos consolidate gains

Markets are experiencing the calm before the dual storm of US CPI and the ECB decision. The dollar has been holding up despite a drop in Treasury yields while gold and oil are on the back foot. Cryptocurrencies are consolidating Wednesday’s gains. The US dollar is at the upper end of its range ahead of …

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Markets shrug off Chinese inflation data, cryptos pressured, Brexit, BOC eyed

Markets have maintained their calm in anticipation of US inflation figures and after the Chinese PPI shot higher. Cryptocurrencies are struggling amid growing pressure from various points. The BOC is set to leave rates unchanged and virus developments are eyed, especially in the UK. China reported a whopping 9% YoY leap in producer prices in …

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Biden haunts Bitcoin, dollar remains pressured, JOLTs, virus headlines eyed

Markets are relatively calm and the dollar remains at the relatively low ground ahead of the US JOLTs release, which provides more insights into US jobs. Concerns about government reach have been weighing on cryptocurrencies. Concerns about the Delta covid variant and vaccination rollouts are eyed. Bitcoin has tumbled below $33,000 after White House adviser …

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Dollar struggles between NFP miss and Yellen’s optimism, Bitcoin whipsawed, oil cools

The market mood is mixed after US Nonfarm Payrolls missed estimated and America’s top financial official embraced rising inflation. Bitcoin remains volatile while oil is off the highs. Virus headlines and responses to the G-7 tax deal are eyed. Higher rates would be a plus: US Treasury Secretary Janet Yellen said that an increase in …

Dollar struggles between NFP miss and Yellen’s optimism, Bitcoin whipsawed, oil cools Read More »