Jonathan Corpina of Meridian Equity Partners joins Yahoo Finance's Seana Smith to break down the latest market moves.
Natixis Research Analyst Dirk Schumacher speaks about Thursday's upcoming monetary policy decision from the European Central Bank.
By Tommy Wilkes LONDON (Reuters) - The euro edged off eight-week lows on Thursday as traders readied for a European Central Bank meeting, when investors will be searching for any signals about when the bank will begin unwinding its stimulus. The single currency rose 0.1 percent to $1.2168 but remains 2-1/2 cents off levels hit only last week, after a bounce in U.S. Treasury yields fired up dollar buying and encouraged some to question whether the euro's rally since last year had run out of steam. The ECB decision is due at 1145 GMT and president Mario Draghi will begin his press conference at 1230.
The European Central Bank meets for its policy-setting meeting on Thursday and the big question on traders’ mind is when President Mario Draghi & Co. will put an end to its aggressive bond buying program ...
The euro has sold-off lately and is trading around its lowest level since mid-January against the U.S. dollar on Wednesday. But this is rendering it undervalued ahead of the European Central Bank’s policy ...
Euro zone government borrowing costs inched down on Thursday, as investors wait to see whether the European Central Bank will offer any clues on the timing and pace of unwinding its ultra-easy monetary stimulus. The ECB is set to keep policy unchanged at a meeting on Thursday but its comments will be followed closely for further guidance as to when it might signal a move towards ending its 2.55 trillion ($3.16 trillion) asset purchase scheme later this year. ECB chief Mario Draghi will have to contend with a slew of data showing recent weakness in the euro zone economy that has prompted investors to push back expectations for a rate rise further into 2019.
Investing.com - Cryptocurrency prices were down on Thursday. Reports that Nasdaq’s CEO voiced support for the digital coins gathered some attention. Meanwhile, U.S. state Wisconsin is considering accepting Bitcoin for donation.
Investing.com - Gold prices rose on Thursday morning as the dollar retreated across the board in Asia despite the rising 10-year U.S. treasury yields.
Investing.com - The dollar retreated across the board in Asia on Thursday morning, but remained well above the 90 level as the U.S. 10-year Treasury yields continued to weigh on the currency market. Meanwhile, Australia reported bullish import and export price index.
Gemini plans to monitor its exchange for potential illicit activities using Nasdaq's SMARTS Market Surveillance technology.
Gold prices moved lower but bounced on their lows as the dollar continued to gain traction as U.S. yields rise. While data has been strong, there has been little sign of core inflation. Energy prices might be on the rise and there are pockets of housing strength due to supply constraints, but not enough for the Fed to increase rates more than 3-4 times this year. Gold prices rebounded from support, but moved lower after rebounding to the break down level on Tuesday.
The EUR/USD moved lower, and is trading on the defensive as U.S. yields rise, with the 10-year pushing through the 3.02% level. This is driving the dollar higher, as the yield differential favors the greenback. ECB members were on the tape and it appears that there are several that are looking for rising rates. The EUR/USD pushed through trend line support on Monday, rebounded on Tuesday and accelerated lower Wednesday.
Gold fell on Wednesday, driven lower by a rising U.S. dollar and bond yields. Comex gold futures for June delivery were down 0.86% to $1,321.60 a troy ounce as of 10:26 AM ET (14:26 GMT). The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.43% to 90.95.
Investing.com - Wall Street opened lower on Wednesday, as worry over rising bond yields offset a surge in corporate earnings.The S&P 500 was down over 21 points or 0.81% to 2,612.12 as of 9:45 AM ET (13:45 GMT) while the Dow composite decreased 200 points or 0.83% to 23,823.70 and tech heavy NASDAQ Composite fell 55 points or 0.79% to 6,951.73.Bond yields have risen to their highest levels in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve. ...