US Fed Archives - Financial Mirror

WTI at 9-mo lows, hovers around $68.50

The benchmark West Texas Intermediate (WTI) trades around $68.60 in early Asian markets on Friday, hovering around 68.37 recorded on Thursday, the lowest since December 2023. Crude oil prices depreciate due to

6th September 2024

Energy/Markets/World

US futures trade higher, European traders book profit

By Naeem Aslam US and European futures are lower on Monday as traders embrace big economic data, while also digesting the economic data out of China over the weekend. The Chinese Manufacturing

2nd September 2024

Markets/World

Euro above 1.115 on improved market optimism

EURUSD recovered its recent losses from the previous session, trading around 1.1170 in Asian markets on Tuesday. This follows the currency pair hitting 1.12 for the first time in 2024. Optimism prevails

27th August 2024

Markets/World

Soft Eurozone wage growth, weak German PMI weigh on Euro

The EURUSD currency pair eased to 1.1130 Thursday, from a fresh year-to-date high of 1.1175 posted on Wednesday, falling slightly as weak German flash HCOB Composite PMI for August and soft Q2 Eurozone Negotiated Wage Rates

22nd August 2024

Markets/World

Fed needs ‘supersized’ 50bps rate cut in Sept or risk recession

The Federal Reserve must go big with a supersized 50 basis point interest rate cut in September to get ahead of a looming economic storm, warns the CEO of a leading independent

17th August 2024

Markets/World

Dollar declines on firm Fed rate cut in September

The EURUSD pair rebound to near the psychological resistance of 1.1000 in Friday’s New York session. The major currency pair bounced back as the US Dollar declined with investors gaining confidence that

16th August 2024

Markets/World

Are we out of the woods?

By Naeem Aslam As traders and investors pay close attention to the two most important economic events that have unfolded, stock futures in the US and Europe are sitting on solid gains,

16th August 2024

Markets/World

Traders push markets higher, US inflation may set trading tone

By Naeem Aslam Traders are ready to bag some bargains, while others continue to believe that the current bounce back in the markets may be nothing more than a dead cat bounce,

13th August 2024

Markets/World

Traders push markets higher US inflation may set trading tone

By Naeem Aslam Traders are ready to bag some bargains, while others continue to believe that the current bounce back in the markets may be nothing more than a dead cat bounce,

13th August 2024

Markets/World

Sluggish Eurozone PMI weighs on Euro

The EURUSD currency pair weakened to near 1.0830 Wednesday, as the preliminary Eurozone Hamburg Commercial Bank (HCOB) Purchasing Managers’ Index (PMI) report for July showed that composite numbers unexpectedly eased due to

24th July 2024

Markets/World