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The Federal Reserve and other federal regulatory agencies plan to relax capital requirements for large banks, easing the capital burden on the banking industry, which is beneficial for enhancing lending capacity and financial market liquidity, supporting economic activities. However, there is still uncertainty in the market regarding the policy direction of the Federal Reserve, especially with the possibility of rate hikes not ruled out, as indicated by Bauman. While major central banks around
geopolitical issues in Eastern Europe and the Middle East have intensified, driving safe-haven gold prices to all-time high levels.
Last Friday (May 17th), the US dollar index rose first and then fell. The US stock market wiped out all the gains of the day in late trading and ultimately closed down 0.012% at 104.49.
Market review | May 20, 2024
Since the beginning of the year, the prices of gold, silver, and platinum have been continuously rising, with analysts predicting that precious metals may reach historical highs in the coming months. Low inflation in the United States has led to market expectations of a possible interest rate cut by the Federal Reserve, causing a significant increase in precious metal prices on Wednesday. Gold touched a three-week high, while silver and platinum reached three-year and one-year highs respectively
In March, Canada's consumer price index increased by 0.6% compared to the previous month, surpassing the 0.3% growth seen earlier. In April, the Reserve Bank of New Zealand opted to maintain its official cash rate at 5.5 percent for the sixth consecutive meeting, emphasizing the ongoing need to address inflation fully. In March, the UK Consumer Price Index registered a slower-than-anticipated increase, reaching 3.2% in annual terms, down from the 3.4% rise observed in February. In March, UK...
euro traders are awaiting today's CPI reading to gauge the euro's price movement.
Market Review | May 17, 2024
The United States released the Consumer Price Index (CPI) data for April. The unadjusted CPI for April recorded an annual rate of 3.4%, slightly lower than the previous month's 3.5%, in line with market expectations. The core CPI for April fell to 0.3%, the lowest since December last year. Meanwhile, April's retail sales unexpectedly remained flat at 0%, below market expectations of 0.4%.
Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus.
Market Review | May 16, 2024
The United States is scheduled to release crucial CPI inflation data today, which is expected to cause volatility in US Treasury options. Traders are likely preparing for the possibility of rising Treasury prices and significant yield declines.
On Tuesday (May 14th), due to the unexpected April PPI data from the United States, the US dollar index briefly hit an intraday high of 105.47
gold prices rebounded strongly on the back of the softening U.S. dollar, while oil prices remained steady.
Market Review | May 15, 2024
Market Review | May 15, 2024
Market Review | May 15, 2024
Wall Street opened cautiously as traders focused on the imminent release of crucial CPI inflation data, leading to slight fluctuations in the US stock market, bond market, and the dollar ahead of the CPI data release.
EBC Financial Group (EBC) recently joined supporters and partners of United to Beat Malaria, a campaign by the United Nations Foundation (UNF), in its Move Against Malaria 5K 2024 virtual event. This initiative united people globally to raise awareness and funds by emphasizing the urgent need for effective malaria treatment tools and programs.