Why EURO Tanked after ECB Rate Decision
The euro staged a dramatic intraday reversal today on the back of the European Central Bank’s monetary policy announcement.
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The euro staged a dramatic intraday reversal today on the back of the European Central Bank’s monetary policy announcement.
By Kathy Lien, Managing Editor Oil prices soared above $100 a barrel driving equities and currencies sharply lower. Euro and sterling were hit the hardest
The first week of March will be another busy one for investors. Russia’s invasion of Ukraine continues to rock the financial markets with currencies and
This is supposed to be a week focused on data that would shed light on how the U.S. and global economy has been faring since the beginning of the year.
Wednesday’s Federal Reserve and Bank of Canada monetary policy announcements are the most important events on this week’s calendar.
We have not seen this type of volatility in the financial markets since the beginning of the pandemic.
Today’s U.S. economic reports reminded investors of the dollar’s appeal. The labor market is strong and the Federal Reserve will be actively reducing stimulus this year driving rates higher.
Apple is about to become the world’s first three trillion dollar company and the question facing investors in 2022 is could the party last?
U.S. inflation numbers will be released tomorrow and economists are looking for the monthly CPI growth rate to slow and the annualized rate to accelerate.
Job growth in the U.S. slowed significantly last month. The U.S. dollar sold off when the numbers came out but recovered quickly for 3 reasons.
What makes today’s announcement so important is the timing. The COVID-19 Omicron variant is a serious risk that many scientists are still struggling to understand.
The Dollar soared against all of the major currencies after President Biden officially renominated Jerome Powell as Federal Reserve Chairman.