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Fawad - 3 Jerome Powell - 2 Jim Wyckoff - 2 Shilpi Majumdar - 2 — - 1 Fawad Razaqzada - 1 Forex.com - 1 Christopher Wong - 1
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Search resuls for: "Fawad Razaqzada"


16 mentions found


☆ Stock market today: Indexes struggle for direction as investors await wave of data
  + stars: | 2024-07-29 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +2 min
US stocks closed mixed as investors awaited a wave of data this week, from earnings to the July jobs report. 171 S&P 500 companies, including Apple, Microsoft, and Amazon, will report Q2 earnings this week. AdvertisementUS stock indexes closed mixed on Monday as investors awaited a massive wave of data this week. AdvertisementAmid the steady stream of earnings data, investors will also turn their attention to the Federal Reserve's FOMC meeting on Wednesday. AdvertisementThe jobs report will help inform the Federal Reserve's interest rate policy going forward, as the Fed balances a steady economy with a falling inflation rate.
Persons: —, Jerome Powell, Fawad Razaqzada, Forex.com Organizations: Apple, Microsoft, Service, Federal, Business
☆ Gold set for second weekly fall; U.S. payrolls on investors' radar
  + stars: | 2024-05-03 | by ( ) www.cnbc.com   time to read: +2 min
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices were poised for a second straight weekly decline, although bullion held steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls data that could provide cues on the Federal Reserve's rate cut timeline. Spot gold held its ground at $2,306.84 per ounce by 0457 GMT but lost more than 1% this week. Softer U.S. payrolls print could provide support for gold but a better report may weigh on prices, Wong added. The non-farm payrolls report is due at 1230 GMT.
Persons: Christopher Wong, Wong, Wang Tao, Fawad Organizations: Co, U.S ., Fed, City Index Locations: Bangkok, Thailand, Egypt, Israel
☆ Powell's hawkish remarks push gold lower, palladium slumps
  + stars: | 2023-11-10 | by ( Ashitha Shivaprasad | Thomson Reuters | Reports On Commodities | ) www.reuters.com   time to read: +2 min
Spot gold dipped 1.1% to $1,936.09 per ounce by 2:38 p.m. ET (1938 GMT) and was down 2.8% in its worst week in six. Benchmark 10-year U.S. Treasury yield and the dollar index (.DXY) headed for weekly gains, making non-yielding gold less attractive for investors. Platinum shed 2% to $842.34, on track for its worst week since mid-2021. Reporting by Ashitha Shivaprasad and Anushree Mukherjee in Bengaluru; Editing by Tasim Zahid and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
Persons: Jerome Powell, Powell, Fawad, Bullion, Jim Wyckoff, Ashitha Shivaprasad, Anushree Mukherjee, Tasim Zahid, Shilpi Majumdar Organizations: Federal, Index, Reuters Graphics U.S, Federal Reserve, Treasury, Kitco Metals, Thomson Locations: East, India, Bengaluru
☆ Gold advances as Middle East tensions spur safe-haven demand
  + stars: | 2023-10-18 | by ( Ashitha Shivaprasad | Thomson Reuters | Reports On Commodities | ) www.reuters.com   time to read: +2 min
SummaryCompanies Safe-haven buying pushes up goldFocus on Fed Chair Jerome Powell's speech on ThursdayOct 18 (Reuters) - Gold rose to a more than two-month peak on Wednesday as the escalating conflict in the Middle East sent investors flocking towards the safe-haven metal. Spot gold increased 1% to $1,950.67 per ounce by 2:48 p.m. "Gold could breach $2,000 in the near-term if there is an escalation of geopolitical conflict. "Gold will pull back if the Middle East situation simmers down, but right now the market place is expecting a further escalation," said Jim Wyckoff, senior analyst at Kitco Metals. Spot silver rose 0.2% to $22.87, platinum fell 1.4% to $884.89 and palladium fell 1% to $1,132.61.
Persons: Jerome Powell's, Ryan McIntyre, Jim Wyckoff, Fawad, Ole Hansen, Ashitha, Daksh Grover, Sharon Singleton, Shilpi Majumdar, Shailesh Organizations: East, Sprott Asset Management, Graphics, Kitco Metals, City, Reuters Graphics Reuters, Federal, Saxo Bank, Thomson Locations: Gaza City, Bengaluru
☆ Gold falls for the week on stronger dollar
  + stars: | 2023-05-12 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices fell to a one-week low on Friday, and was lower for the week, weighed down by a stronger dollar and an uptick in U.S. bond yields. Spot gold was last 0.24% lower at $2,010.84 per ounce, after falling as much as 0.7% earlier in the session. U.S. gold futures fell 0.2% to $2,016.40. Spot silver fell 1.02% to $23.9257 per ounce, down about 7% for its worst week in seven months. Fawad Razaqzada, market analyst at City Index, attributed the drop to the dollar rebound and concerns over China's economic recovery.
☆ Dow leaps 546 points as US stocks surge after Apple earnings and hot April jobs report
  + stars: | 2023-05-05 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +2 min
US stocks jumped on Friday as tech behemoth Apple and regional bank stocks climbed. The S&P 500 finished higher after four consecutive losses, and the Dow Jones Industrial Average piled on more than 500 points. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:Equities also found strength from a jump in regional bank shares, including PacWest and Western Alliance after sharp selloffs during the week. Yields ran up as the bond market sold off following the stronger-than-expected US jobs report for April. "The April jobs report is indisputably hawkish and puts the focus back on the Fed – especially if inflation data also beat next week.
☆ Dollar gains on rising US yields, British inflation lifts pound
  + stars: | 2023-04-19 | by ( Herbert Lash Alun John | Herbert Lash | Alun John | ) www.reuters.com   time to read: +3 min
TOKYO, April 19 (Reuters) - The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates. "We still think that over the medium- to long-term that the dollar is going to continue to come under considerable amounts of pressure. Wednesday data showed British consumer price inflation eased less than expected in March to 10.1% from February's 10.4%, meaning Britain has western Europe's highest rate of consumer inflation. Deutsche Bank on Wednesday revised up expectations for British rates to include two more 25 basis point rate hikes from the Bank of England. Currency bid prices at 2:42PM (1842 GMT)Reporting by Kevin Buckland; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
☆ Oil rises 2% on lower-than-expected US inflation data
  + stars: | 2023-04-12 | by ( Arathy Somasekhar | ) www.reuters.com   time to read: +4 min
Prices rose about 2% on Tuesday. The CPI rose 6% year-on-year in February. Markets shrugged off a small build in U.S. crude oil stocks, attributing it in part to a congressionally mandated release of oil from the U.S. emergency reserve and lower exports at the start of the month. Meanwhile, the global oil market could see tightness in the second half of 2023, which would push oil prices higher, said Fatih Birol, executive director of the International Energy Agency. In a negative for oil demand, the International Monetary Fund on Tuesday trimmed its 2023 global growth outlook, citing the impact of higher interest rates.
☆ US stocks end mixed as energy sector rides surge in oil prices while tech stocks fall
  + stars: | 2023-04-03 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +2 min
The energy sector jumped alongside crude oil prices. Brent and WTI oil soared after OPEC+ announced production cuts will start in May. Tech stocks were weighed by the renewed prospect of higher interest rates. The S&P 500's energy sector was thrust in the spotlight, logging its best day in six months as Brent and WTI oil prices surged. Tech stocks fell on the prospect that more rate hikes may be in the Fed's pipeline.
☆ Key US bond yields drop to their lowest in 6 months as global banking worries boost bets the Fed is heading toward a rate cut
  + stars: | 2023-03-24 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +3 min
Odds of a pause in rate hikes in May soared to 90% and investors are pricing in potential for a June rate cut. The 2-year yield dropped to 3.59% and sharp moves of 20 basis points have "become the norm," said one investment firm. The 2-year Treasury yield, which is highly sensitive to views on US monetary policy, sank 22 basis points to 3.598%, hitting levels not seen since mid-September. Bets that the Fed will pause rate hikes then turn to cutting rates this summer jumped Friday. It opted to raise rates by 25 basis points to signal its commitment to lowering inflation to its 2% target.
☆ The dollar jumps to a 4-week high as traders place bets on more Fed rate hikes after strong private payrolls report
  + stars: | 2023-01-05 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +3 min
A closely watched measure of the US dollar pushed to its highest in about a month on Thursday after a strong ADP jobs report. The US Dollar Index climbed past 105 for the first time since early December as the Fed is likely to stick to hiking interest rates. "Accordingly, traders have pushed up their expectations for the terminal interest rates in the US," with June fed funds futures contract implying a peak interest rate of above 5%. Such a move would put the fed funds rate at a range of 5.25% to 5.5%. The Fed views inflation as still "unacceptably high," the minutes showed.
☆ The 'Powell pump' pushing the recent rally in the S&P 500 is over, and stocks may have further to fall as Fed moves and a looming recession keep investors away
  + stars: | 2022-12-06 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +4 min
The "Powell pump has been erased," and the S&P 500 has lost gains made over the week after Fed Chair Jerome Powell spoke, a City Index analyst said. It "remains to be seen ... whether the bulls will step in once again at these levels," wrote analyst Fawad Razaqzada. "So, the Powell pump has been erased," Fawad Razaqzada, market analyst at City Index, wrote in a Tuesday note about the index's technical levels. Stock market bears so far this week have "successfully defended" the key 4,077 resistance level, he said. The fed funds rate is at a range of 3.75% to 4% after six rate increases in 2022.
☆ US stocks finish lower as Fed official's dour inflation outlook pushes key bond yields to fresh 14-year highs
  + stars: | 2022-10-20 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +3 min
US stocks fell Thursday, stretching their losses into a second consecutive session. A "disappointing lack of progress on curtailing inflation" will keep the Fed raising interest rates, said Philadelphia Fed President Patrick Harker. IBM and AT&T rose after their earnings reports while Tesla shares dropped. Investors sold off bonds, propelling the 10-year Treasury yield to 4.23%, a fresh 14-year high. Weekly US jobless claims unexpectedly fell to 214,000, compared with an Econoday estimate of 235,000 new filings for unemployment benefits.
☆ There's renewed hope in the possibility that global central banks are nearing the end of their rate hike cycle. Here's how that's driving markets.
  + stars: | 2022-10-05 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +6 min
Central bank moves and softer economic data have investors hoping that the Fed and other central banks are almost done hiking interest rates. There's some renewed hope for a Fed pivot on the horizon. Australia's central bank surprised forecasters by raising interest rates by a less-than-expected 25 basis points, becoming the first central bank to abandon its path of jumbo rate hikes. Fewer job openings mean employers aren't compelled to offer more competitive wages. Number of job openings Chart: Andy Kiersz and Madison Hoff Source: Bureau of Labor Statistics via FRED10.
☆ Dow jumps 548 points as the Bank of England's intervention calms market panic over the UK's budget plans
  + stars: | 2022-09-28 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +3 min
US stocks climbed Wednesday, with the S&P 500 logging its first win in seven sessions. Oil prices rose and concerns about iPhone 14 demand weighed on Apple's stock. The Dow industrials and the S&P 500 were higher after six straight losses while the Nasdaq Composite rose for a second straight session. All 11 sectors on the S&P 500 gained ground, led by the energy group. Oil prices rose after US weekly crude stockpiles unexpectedly fell by 200,000 barrels.
☆ The dollar is sliding against the yen after Japan's market intervention, but the yen's advance won't last long, analysts say
  + stars: | 2022-09-22 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +4 min
The US dollar dropped against the Japanese yen on Thursday after Japan intervened in the currency market for the first time since 1998. The dollar lost as much as 2.6% when it hit 140.33 against the Japanese yen, the lowest level since September 6. It was Japan's first currency market intervention since 1998. The dollar this year has climbed 25% against Japan's currency, underscoring the greenback's broad strength against major currencies as the Federal Reserve aggressively raises rates to combat inflation. "Alongside growing rate differentials, Japan's weak trade balance (in part due to elevated energy prices) has also contributed to the yen's weakening.
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