forex news today time|Page 59 | EBC Financial Group

2023-05-05

Wall Street ended lower on Thursday after PacWest's move to explore strategic options deepened fears about the health of U.S. lenders and hit shares of banks.

Investors fret about economy as Fed signals potential pause

2023-05-04

The Fed raised interest rates by 25bp and signalled a pause in further increases to assess the fallout from recent bank failures, wait on the resolution of a political standoff over the U.S. debt ceiling.

Oil retreats on dollar strength

2023-05-04

The dollar gained with Treasury yields as investors digested Friday’s data and waited for the Fed’s decision due on Wednesday as well as key upcoming economic data.

Oil tumbles 5% on fears over U.S. financial system

2023-05-03

Major U.S. indexes fell more than 1% on Tuesday as regional bank shares tumbled on renewed fears over the financial system. The dollar fell to two-week low.

Wall Street rallied even as US economy struggles

2023-04-28

The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is viewed as not likely to deter the Federal Reserve from raising interest rates next week.

Canadian dollar hits 4-week low as oil prices plunge

2023-04-28

Oil prices dropped by almost 4% on Wednesday as markets weighed more weak economic data indicative of dire growth outlook.U.S. stocks closed mixed following strong quarterly results from Microsoft and Alphabet that both beat analyst expectations.

The Fed's May FOMC interest rate meeting

2023-04-27

The FOMC will likely deliver its third consecutive quarter of a percentage point rate increase and continue to allow assets to roll off of its nearly $8.6 trillion balance sheet in its year-long campaign to get inflation under control without sending the U.S. economy into a recession.

Oil slips 2% on economic woes

2023-04-26

U.S. Stocks sold off as disappointing earnings and economic data fueled recession fears, sending safe havens higher and oil sharply lower.All three major indexes ended down 1% or more, with NASDAQ plunging nearly 2%, the biggest daily drop since March 9.

China holiday travel boom stems oil price drop

2023-04-25

The dollar and gold have been stuck in a sideways range, with oil up over 1%.Traders are unwilling to take positions before Thursday’s GDP and PCE reading. U.S. growth and inflation is expected to slow further.

Gold eases as dollar steadies

2023-04-24

The S&P Global US Composite PMI rose to 53.5 in April 2023, up from 52.3 in the previous month, to signal the quickest upturn in business activity since May 2022.

Oil falls 2% on recession fears

2023-04-21

Weak data weighed on U.S. dollar. Gold hovered around $2,000 and oil plunged to the lowest level since the end of March.

Oil falls 2% as dollar gains on rate path uncertainty

2023-04-20

Gold prices fell below the key $2,000 level as the dollar and Treasury yields regained footing on Wednesday. Oil slid about 2% to a two-week low despite a sharp decline in U.S. crude inventories.

French stocks hit record high on China data cheer

2023-04-19

The dollar fell against most major currencies on Tuesday after better-than-forecast growth data from China. Gold rebounded after dipping below $2,000 an ounce.

The Fed's January FOMC interest rate meeting

2023-03-21

The central question facing the Fed is what to do with interest rates at a time when the current economic data shows continued strength and inflation well above the Fed’s target, but stresses in the banking system threaten to derail growth. Traders are pricing in a quarter-point hike in January, according to the CME tool.