djia

Summary:

  • Investor uncertainty.
  • Canadian Dollar

Read next: EUR/USD Falls Below Parity, Eurozone Energy Crisis Concerns Persist (EUR/GBP), Hawkish BoC (USD/CAD), USD/JPY 

The Dow 30 closed almost 0.5% down

The Dow Jones Industrial Average (DJIA) closed almost 0.5% lower at the time of market closing on Thursday. The fall in the Dow comes in the wake of investor uncertainty as recession and earnings discussions from major banks continue whilst still reeling from the release of US inflation data that shocked the markets and prospects of a 100 basis point interest rate hike from the Federal Reserve.

Dow 30 Index, Hawkish BoC Offers The Canadian Dollar Support - 1 DJIA Price Chart

Canadian Dollar

On Wednesday the Bank of Canada (BoC) shocked the financial markets with their largest cash rate hike since 1998 of 1%. The hawkish move from the BoC has offered the Canadian Dollar support and has thrown a curveball at investors, leaving a range of responses from analysts. The current cash rate are at their highest level since October 2008, the mo

A Technical Look At The Movement Of The Euro To US Dollar (EUR/USD) Pair

(DJIA) Dow Jones Index Rising, Investors Confidence In The Euro Is Looking Bullish As ECB Confirm Interest Rate Increases

Rebecca Duthie Rebecca Duthie 23.05.2022 21:56
Summary: President Joe Biden's announcement of possible easing of tariffs on goods from China fairing well for U.S stocks. Euro expected to continue strengthening. Read next: Xpeng (XPEV) Earnings Results Cause Share Price To Fall  U.S stocks showing signs of recovery The Dow Jones Index rose almost 2% during the trading day on Monday. U.S stocks recovered on Monday in the wake of investors coming-off a 7 week losing streak. The recovery comes after investors received some fresh-trade related information from the Biden Administration. On Monday President Joe Biden announced that he was considering easing tariffs on Chinese goods due to the belief that the tariffs caused financial harm on consumers and businesses. DJIA Price Chart ECB Interest rate hike is confirmed The Euro exchange rate performed well on Monday thanks to the European Central Bank's president confirming that there will be interest rate hikes in July. The Euro responded well to this information and strengthened against both the US Dollar and the Pound. Leading up to the confirmation of the rising interest rates, the Euro had been strengthening, in the wake of the interest rates being risen, investors believe that the Euro will continue to strengthen. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM Sources: finance.yahoo.com, poundsterlinglive.com Follow FXMAG.COM on Google News

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Until FOMC meeting on December 14th, there could be no other catalyst for markets
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What’s more worrisome is the fact that we will continue to learn of all of the contagion and aftereffects of the FTX collapse in the coming weeks and months.
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AleksandrDavidov
Given the peculiarities of the US labor market and the high labor mobility, the acceptable unemployment rate is considered to be 5.0%
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From the fundamental point of view, these facts may become a game changer, sending the EUR/USD pair to the parity level
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