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EUR/USD Forecast: Bulls Keep Buying On Dips
Tuesday, June 9, 2020 - 5:23pm | 465EUR/USD Current Price: 1.1341 Equities retreated from their recent highs, but the dollar couldn’t benefit from the dismal mood. The U.S. Federal Reserve is expected to maintain its monetary policy unchanged, focus on the dot-plot. EUR/USD is nearing the multi-week high at 1.1384 posted after...
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EUR/USD Forecast: To Retain Its Bullish Stance As Long As It Holds Above A Key Fibonacci Level At 1.0960
Thursday, March 26, 2020 - 4:34pm | 500EUR/USD Current Price: 1.1040 Fed’s Chief Powell said that the central bank could expand easing if it’s necessary. US unemployment claims soared to record highs of 3.28 million in the week ended March 20. EUR/USD to retain its bullish stance as long as it holds above a key Fibonacci...
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Asia, Europe Stocks Mostly Lower Ahead Of Bank Of Japan And Federal Reserve Meetings
Monday, April 25, 2016 - 7:30am | 291Asian stocks were mostly in the red on Monday ahead of the Bank of Japan's meeting on Thursday. Japan's central bank may introduce negative lending rates, at least according to Kathy Lien of BK Asset Management. CNBC quoted the analyst as saying in a note, "There are now reports...
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What The Market's Reading: 'Threats In 140 Characters Or Less'
Tuesday, January 13, 2015 - 8:58pm | 569Threats In 140 Characters Or Less The U.S. military suffered a hacking attack on its Twitter Inc (NYSE: TWTR) and YouTube accounts on Monday, January 12, further highlighting the growing threat of cyber attacks as a form of terrorism. The hacking group claimed to be a supporter of ISIS and...
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Geithner: Economy Still Climbing Out of a Ditch
Wednesday, July 18, 2012 - 9:30am | 293U.S. Secretary of Treasury Timothy Geithner agrees the economy is "definitely slower." In an interview that headlined CNBC-organized Delivering Alpha in New York on Wednesday, Mr. Geithner told Larry Kudlow that the reason for the slowdown is the enormous size of the ditch the economy has been...
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Bill Gross: There is a "Bernanke Put" on the Economy
Wednesday, April 4, 2012 - 11:24am | 311Bond king and co-Chief Investment Officer of PIMCO Bill Gross thinks buying into equities is safe as long as the stock market remains a central consideration for central bankers. Speaking earlier on CNBC, Mr. Gross said that the strength of the stock market remains the main concern for Bernanke...
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Bill Gross: FOMC "Word-Smithing" Not Indicative of QE3 Chances
Wednesday, April 4, 2012 - 10:50am | 243Bill Gross does not believe FOMC meeting minutes necessarily signal to no further quantitative easing from the Fed. He thinks the Fed is just one of several pawns on a larger chess game when it comes to deciding on QE3. The Co-CIO of bond giant PIMCO and proclaimed bond-king Bill Gross, speaking...
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Fed's Lacker: Low Rates May Not Be Needed Beyond Next Year
Friday, March 30, 2012 - 8:27am | 190Fed President Jeffrey Lacker believes the Fed's timeframe to maintain low rates till the end of 2014 should be a forecast subject to change based on conditions rather than a straight up commitment. "I disagree with the Fed Chairman's timeframe," Lacker told CNBC's Steve Liesman in an extended...
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Bernanke: Job Market Weak Despite Gains
Monday, March 26, 2012 - 8:54am | 303Fed Chairman Ben Bernanke says the apparent strengthening of the job market as indicated by the improvement in the jobless rate for the past three months may be attributed more to how many jobs were cut in 2008 than to a definitive strengthening of the job market currently. Speaking at the...
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Neel Kashkari: QE3 Coming, Rates to Stay Low Through 2014
Monday, March 19, 2012 - 9:05am | 188PIMCO's Neil Kashkari believes that the Fed will stay low on rates until the end of 2014. Further more, he expects there to be a QE3. "Remember, markets are swinging. Consumer sentiment is swinging, people can't see any clouds in the horizon. A few months ago, the world seemed like it was going...
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CNBC Fed Survey: 57% Do not Believe Bernanke
Monday, March 19, 2012 - 7:49am | 247The CNBC Fed Survey is showing that when it comes to monetary policy, the market is increasingly "just not believing the promises that Chairman Ben Bernanke has made." So was Steve Liesman's summary of CNBC's most recent survey on the US Federal Reserve. "When faced with the question "Will the...
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A Peek Into The Market Before The Trading Starts
Tuesday, December 13, 2011 - 8:30am | 395Pre-open movers US stock futures are higher this morning, as investors are awaiting the US Federal Reserve's announcement on monetary policy. Futures for the Dow Jones Industrial Average surged 59 points to 12,002.00 and S&P 500 index futures rose 7.50 points to 1,236.80. Nasdaq 100 futures...
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US Stock Futures Up Ahead Of Fed Decision
Tuesday, December 13, 2011 - 7:27am | 370US stock futures are higher this morning, as investors are awaiting the US Federal Reserve's announcement on monetary policy. Futures for the Dow Jones Industrial Average surged 48 points to 11,991.00 and S&P 500 index futures rose 5.40 points to 1,234.70. Nasdaq 100 futures gained 8.75 points...
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How to Profit from Central Banks' Move to Prevent Banking Crisis
Friday, September 16, 2011 - 8:45am | 845The markets have responded favorably after five of the world's most important central banks announced a joint effort to provide the banking sector with additional liquidity. As the talk of a Greek default increases, there has been growing concern that Europe's banks might stop loaning to each...
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US Stock Futures Down As Investors Await G-20 Meeting, China Raises Reserve Requirement Ratio
Friday, February 18, 2011 - 7:37am | 431US stock futures are slightly lower this morning, ahead of the 2-day Group of 20 meeting in Paris. The People's Bank of China lifted its reserve requirement ratio for banks by 50 basis points. Futures for the Dow Jones Industrial Average dropped 6 points to 12,282.00, while those for the S&P...