Wednesday, 18 September, 2019

Dollar Inches Up Ahead of Fed Decision

Open this Open this
Russell Knight | 21 March, 2018, 07:40

Few economists expect new Fed chair Jerome Powell to alter the trajectory of the bank's anticipated rate path, but as it is his first meeting at the helm, investors have been somewhat on edge as the meeting approaches.

Reasons cited by dealers include concerns about the U.S. budget and current account deficits, political chaos at the White House, better growth in competing countries, particularly Europe, and the risk of a US-led trade war.

"US tech indexes, including Nasdaq and Philadelphia semi-conductor index, all hit record highs last week".

He added that various uncertainties will cap shares "for now".

Wall Street look set to lose more ground when NY reopens having seen the Dow lose 1.57 percent last week, the S&P drop 1.04 percent and the Nasdaq 1.27 percent.

The Nasdaq gained 20.06 (+0.27 percent) to close at 7,364.30, while the S&P 500 finished trading at 2,716.94, up 4.02 (+0.15 percent) for the day.

"Investors lightened their positions ahead of the Fed's policy meeting".

"Although growth forecasts and the distribution of rate projections are likely to drift up, the median Fed funds forecast should remain unchanged at three in 2018 and three more in 2019", they said.

Facebook pushed losses farther, plummeting 6.8 percent, as it faced demands from U.S. and European lawmakers to explain how a consultancy managed to gain improper access to the data of over 50 million Facebook users.

Medical Robotics Market 2022 Industrial Chain, Sourcing Strategy and Downstream Buyers
It also includes the contact information of all local, regional and worldwide vendors for the composite materials market in the, . Key strategies of the companies operating in the market and their impact analysis have been included in the report.

Banco Santander (SAN) Stock Overview
Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. The stock has returned 18.49% since the starting of the year when viewing the starting price as compared to the ending price.

Haley: Russia must account for its use of chemical weapons
The Prime Minister has suggested Moscow was behind the attack or has lost control of its nerve agent stocks. He was sacked hours later, but the real reasons for the dismissal and its timing remain unclear.

The potential for a trade war cast a shadow over export currencies after U.S. President Donald Trump imposed steep tariffs on steel and aluminum.

Aside from the Fed, the Trump administration is creating a stir with plans for up to $60 billion in new tariffs on Chinese imports by Friday, targeting technology, telecommunications and intellectual property, sources familiar with the matter told Reuters.

The Fed bets kept long-term US bond yields nudging higher with short-dated yields up too.

Markets expect two more rate hikes after Wednesday for the remainder of the year, although analysts warn that if a majority of Fed policymakers forecast a total of four increases this year in their projections then the U.S. dollar could gain.

The yield on 10-year Treasuries was up at nearly 2.89 percent US10YT=RR , 6 basis points below the four-year high of 2.957 percent touched a month ago.

US businesses were alarmed, with several large USA retail companies, including Wal-Mart Inc WMT.N and Target Corp TGT.N , on Monday urging Trump not to impose massive tariffs on goods imported from China. Two-year notes US2YT=RR hit a 9 1/2-year high of 2.33 percent.

A Reuters report that the European Central Bank is starting to think a bit more about the future pace of euro zone interest rate rises helped the euro recover from a hard morning against the dollar. The Fed appears braced for a hike in its interest rate policy, with many expecting the rates to reach 1.50-1.75 percent from the 1.25-1.50 percent current rate.

The single currency was down 0.3 per cent below the US$1.23 line and hovering just above a three-week low of around US$1.2260.

ENERGY: Benchmark U.S. crude rose 23 cents to $62.36 a barrel in electronic trading on the New York Mercantile Exchange.

Recommended

  • Rajnikanth denies BJP backing, says only God and people are behind him

    Rajnikanth denies BJP backing, says only God and people are behind him

    Speaking to reporters at Poes Garden, the actor said, "I have been constantly asked if the Bharatiya Janata Party is behind me". I don't want to talk anything about politics (now)". "I don't know how many times I have to repeat myself".
    US Senate announcement set in Mississippi

    US Senate announcement set in Mississippi

    An earlier version of this story misstate the year Cindy Hyde-Smith was first elected MS commissioner of agriculture and commerce. Hyde-Smith is Mississippi's first female agriculture commissioner and one of only four women ever elected statewide.
    Rio Tinto has sold its Queensland coal mine for $2.2 billion

    Rio Tinto has sold its Queensland coal mine for $2.2 billion

    In terms of moving averages, the 200-day is now at 3476.90, the 50-day is 3829.26, and the 7-day is resting at 3719.27. This is indeed pivotal information for investors to make proactive decisions regarding stock trading online.
  • G20 Bankers Reject Regulating Cryptocurrencies

    G20 Bankers Reject Regulating Cryptocurrencies

    Carney stated that: "The initial assessment by FSB on cryptocurrency does not pose any risk to the global financial stability".
    To keep his hands clean

    To keep his hands clean

    A Gorilla At The Philadelphia Zoo Is A Bit Of A Clean Freak Louis has a peculiar habit of walking upright on two legs. The video of the primate walking on two legs has given the Internet much to laugh about.

    Rainbow Six Siege won't get a sequel, says Ubisoft

    According to the latest reports, there's now 27 million Rainbow Six Siege , and a 10-year plan in place. So, there's no denying the value for players who come back. "Today we have 36 operators", Remy says.
  • Fans Rejoice As Daniel Bryan Cleared To Return To The Ring

    Fans Rejoice As Daniel Bryan Cleared To Return To The Ring

    Reports came out that he was trying various treatments for his condition, and news circulated that he was getting better. More recently, he's been involved in a major storyline involving Shane McMahon , Kevin Owens and Sami Zayn.
    Marshall Lions Easter egg hunt set for March 25

    Marshall Lions Easter egg hunt set for March 25

    Entry to the Easter Egg hunt is £4 per child with two free adults - with each child taking part receiving an Easter Egg. The hunt is limited to 300 children and registrations will close on at 5 p.m., March 29 or sooner if the event is full.
    Blazers top Clippers for 13th straight win

    Blazers top Clippers for 13th straight win

    McCollum at the helm, Terry Stotts' team has been preposterously good in what the league describes as "clutch" situations. The Rockets come into this game having only lost two games since January 18 and now have a 5-game winning streak going.
  • Alzheimer's costs Americans $277 billion a year - and rising

    Alzheimer's costs Americans $277 billion a year - and rising

    In New Mexico, 483 people died with Alzheimer's in 2015, the most recent figure available. Every 65 seconds, someone in the United States develops Alzheimer's disease.
    'Ashamed' Fox News contributor quits, slams network as 'propaganda machine'

    'Ashamed' Fox News contributor quits, slams network as 'propaganda machine'

    He gave a pass, though, to Fox Business Network, calling the network's staff and hosts "the grown-ups". Veteran Fox News analyst, retired Lt.
    Analysts noticed EverGreenCoin (EGC)'s 24 hours rise of 3.06%

    Analysts noticed EverGreenCoin (EGC)'s 24 hours rise of 3.06%

    Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Qtum using one of the exchanges listed above. Ormeus Coin can be traded on these cryptocurrency exchanges: Mercatox, C-CEX, Cryptopia and HitBTC.

(NYSE:UNP) to Issue Quarterly Dividend of $0.73 The stock of Union Pacific Corporation (NYSE: UNP ) has "Overweight" rating given on Thursday, August 11 by Atlantic Securities. It dropped, as 67 investors sold UNP shares while 490 reduced holdings. 107 funds opened positions while 619 raised stakes.

Comprehensive Stock Analysis - Scorpio Tankers Inc. (NYSE: STNG) The stock has returned -29.18% since the starting of the year when viewing the starting price as compared to the ending price. The Stock now has Analyst' mean Recommendation of 1.9 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

Oklahoma freshman guard Trae Young to enter NBA draft Oklahoma freshman guard Trae Young to enter NBA draft He was also named the victor of the Wayman Tisdale Award as the national college freshman of the year by the U.S. Young announced the news on Tuesday morning. "And ( Lon) Kruger wanted to move on faster with recruiting".

Dragon Ball FighterZ DLC Launches Next Week, Includes Broly and Bardock Dragon Ball FighterZ DLC Launches Next Week, Includes Broly and Bardock Broly and Bardock, meanwhile, are included in the FighterZ Pass which, over time, will deliver eight characters to owners. Dragon Ball FighterZ is available worldwide for the Xbox One, PS4, and PCs via STEAM.

Abiol goal keeps Napoli in title hunt Abiol goal keeps Napoli in title hunt Roma tightened their grip on third place with a 2-0 win at Crotone to take their points tally up to 59. Jordan Veretout had scored Fiorentina's opener before a late equalizer from Andrea Belotti.

Oil rises to March high on Middle East tensions, Venezuela concerns Oil rises to March high on Middle East tensions, Venezuela concerns Last week, the API reported an increase of 1.156 million barrels of crude oil , or 346,000 barrels less than expected. The premium of Brent crude to WTI rose above $4 a barrel on Tuesday, its widest in a month.

Buys 40100 Shares of Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) Point72 Asset Management Limited Partnership invested in 59,900 shares or 0.04% of the stock. 14,907 are owned by Stephens Inc Ar. The stock has a market capitalization of $27,860.87, a P/E ratio of 64.12, a PEG ratio of 1.16 and a beta of 1.13. (NASDAQ:FB).

India summons Pak diplomat on ceasefire violation, denies Visas to pilgrims India summons Pak diplomat on ceasefire violation, denies Visas to pilgrims India said visas couldn't be given because of the prevailing circumstances and the absence of requisite security clearances. This is the third consecutive day that note verbales have been issued by India - and the 14th this year.

"I can only Imagine" launches as film, earns over $17m in days The second weekend for Disney's book adaptation " A Wrinkle in Time " came in fourth with $16.6 million at 3,980 locations. Andrew Erwin, co-director & co-editor added, "God's hand has been on this song and on this story from the beginning".

The Kilroy Realty (NYSE:KRC) Raised to "Buy" at Citigroup Jeffrey Furber increased its stake in Kilroy Realty Corp (KRC) by 44.1% based on its latest 2017Q3 regulatory filing with the SEC. After $1.98 actual EPS reported by Celanese Corporation for the previous quarter, Wall Street now forecasts 17.68% EPS growth.

Lin-Manuel Miranda's new 'Hamildrops' collab with Ben Platt Lin-Manuel Miranda's new 'Hamildrops' collab with Ben Platt The song is a mash-up of " The Story of Tonight " from " Hamilton " and " You Will Be Found " from " Dear Evan Hansen ". Miranda and Platt aren't the only celebrities coming out in support of the rally.

Express Scripts Holding (ESRX) Insider Sells $1525287.41 in Stock It is positive, as 66 investors sold ESRX shares while 414 reduced holdings. 72 funds opened positions while 224 raised stakes. The company reported $2.16 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.09 by $0.07.

Research Report for Investors: Sirius XM Holdings Inc. (NASDAQ:SIRI) The CBOE Volatility Index, widely considered the best fear gauge in the stock market, surged 20.38 percent to 19.02 on Monday. Stifel Corp has invested 0% in Sirius XM Holdings Inc . ( SIRI ) has been moved; whether it performed well or not.

Jose Mourinho is ready to offload 9 players at Manchester United Jose Mourinho is ready to offload 9 players at Manchester United With Jose Mourinho planning a summer overhaul at Old Trafford, Craig Burley examines the futures of 10 Manchester United players. I told him already, he was the first one I spoke to individually in the dressing room. "You are at Manchester United ".

Las Vegas Sands Corp. (LVS) has analyst mean rating score of 2.20 Las Vegas Sands Corp. (LVS) has analyst mean rating score of 2.20 The shares of the company (LVS) staged the smart recovery as has roared back some 37.18% after stumbling to its new 52-weeks low. Advsr Ltd Llc holds 1.51% or 290,935 shares. (NYSE:LVS) shares with value of $2.98 million were sold by Goldstein Robert G .