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Market Analysis

Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances

The S&P 500 Index ($SPX) (SPY) closed down by -0.25% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.70%. E-mini S&P futures (ESU…

8 min read

Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances

The S&P 500 Index ($SPX) (SPY) closed down by -0.25% on Friday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.70%. E-mini S&P futures (ESU…

8 min read

Hawkish Fed Chair Warsh Boosts the Dollar and Sinks Gold

The dollar index (DXY00) rallied to a 2-week high on Friday and finished up by +0.61%. The dollar jumped on Friday on hawkish comments from Fed Chair Warsh, who warned inflation isn’t meaningfully slowing and vowed that…

5 min read

Philippine Peso: BSP tightening bias on inflation risks – DBS

DBS Group Research economists Radhika Rao and Chua Han Teng note that Bangko Sentral ng Pilipinas (BSP) raised its policy rate by 25 bps to 5.0% to anchor inflation expectations and support the Peso. Philippine Peso (PH…

1 min read

South Korean Won: Higher rates and chip boom support gains – ING

ING’s Chris Turner reports that the Korean Won (KRW) continues to advance, driven by back-to-back Bank of Korea (BoK) rate hikes to 3.00% and a Dot Plot pointing to 3.25% in six months. Upgraded Gross Domestic Product (…

2 min read

Mexican Peso tumbles as Warsh embarks on inflation fight

The Mexican Peso (MXN) depreciates against the US Dollar (USD) on Friday, down by over 0.42% on hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium. This prompted investors to price …

5 min read

1.4M ETH Gone From Exchanges Since June as BTC Moves in Reverse

Bitcoin and Ethereum have picked up momentum over the past two weeks after months of choppy prices. Both posted significant gains during this period, and their rise has brought fresh movement to the market.

2 min read

Stocks Rally as Fed Chair Warsh Vows to Tackle Inflation

The S&P 500 Index ($SPX) (SPY) is up by +0.37% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.18%. E-mini S&P futures (ESU26) are up +0.40%, and…

7 min read