Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
Financial markets were extremely active last week as major economies released key economic data and central banks made important policy decisions. With central banks adjusting their monetary policies to address inflation and growth concerns, investors had to navigate conflicting signals from policymakers.
In a remarkable turn of events that defied the usual market volatility, the Dow Jones Industrial Average, alongside the S&P 500 and Nasdaq, soared to all-time highs, lifted by the Federal Reserve's latest policy. Wednesday's rally came on the heels of the Fed's decision to maintain interest rates at a 23-year peak while projecting three rate cuts by the end of 2024, sparking a wave of optimism across major market indices.
This past week, the stock market experienced a notable shift in momentum, transitioning from its recent highs to a more passive stance.
Despite March typically being a tough month for stocks, the Nasdaq Composite and the S&P 500 have hit new highs, thanks to strong interest in big technology companies and excitement about artificial intelligence (AI).
The S&P 500, Dow Jones Industrials and Nasdaq 100 all closed higher, reflecting a market lifted by robust economic indicators. US Q4 GDP growth outpaced expectations, signalling a strong consumer spending environment and tempering fears of a hard economic landing.
In a remarkable display of sustained bullish momentum, Wall Street witnessed a surge of optimism as the Dow Jones Industrial Average marked its ninth consecutive day of gains. Propelled by the Federal Reserve’s recent dovish shift in interest rate policy, the market displayed confidence, with the Dow climbing over 200 points.
In a session reflective of the varying dynamics of today's economy, Wall Street on Friday showcased a mixed performance with the Dow Jones Industrial Average and Nasdaq Composite climbing higher, while the S&P 500 slightly recoiled.
As we look to the coming week, China's challenges persist. The future of the dollar's rally is uncertain, and upcoming Flash PMI data will offer insights into global economic health.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
Central banks around the world adopted cautious tones in the past week, as economic data showed signs of slowing growth.
This week is heavy on economic data coming out from several corners of the world - here's what to look for.
In this article, we will delve into the significance of each data point and discuss how they could impact the foreign exchange (FX) markets.
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