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Markets Overview: Dollar rises; Euro stays soft and Aussie slips

On Tuesday, the US Dollar strengthened against its peers taking its cue from higher US Treasury Yields, as investors are waiting for the minutes from the Federal Reserve’s latest meeting on Wednesday for signals to the pace of interest rate hikes.

Last week Recap: Pull-Back in Treasury Yields drags down Dollar

On Thursday, the Dollar weakened, posting its steepest one-day drop in over two weeks, due to lower US Bond Yields and doubts over the timing of the Fed’s next interest rate increase. Donald Trump’s first solo news conference on Thursday, where

Dollar pulls back after better US data and Sterling drops after wage growth slows

The Dollar retreated against its major peers on Thursday after rising to one-month highs, following the release of upbeat US economic data that revived expectations of an early rate hike by the Federal Reserve. Data on Wednesday showed US consumer prices

Yellen revives hopes for March rates hikes

Federal Reserve Chair Janet Yellen gave her semi-annual monetary policy report to Congress on Tuesday before the Senate Banking Committee highlighting the following: 1- Hawkish sentiments continues 2- Markets price in June rate rise and elevate expectation for March 3- Agreement

Oil prices dip as markets remain full despite OPEC-led cuts

On Monday, Oil prices slipped on signs that global fuel markets remained full despite OPEC-led crude production cuts that have been more successful than initially expected. Brent Crude Futures were trading at $56.55/b., down 15 cents from the previous close. West

Twitter advertising revenue falls; shares drop more than 10%

On Thursday, Twitter Inc. (TWTR.N) posted the slowest revenue growth since four years ago, sending its Shares down more than 10% on fears that Snapchat and Facebook Inc. (FB.O) were winning the war for advertising. Since last year, advertising revenues fell

Greece, the endless crisis in Europe

We might be getting closer to another critical moment between Greece and its international creditors, as on one side, Europeans are demanding the implementation of further austerity measures in exchange of new funds and on the other side, the Greek government

Sterling drops as BoE remains calm on UK inflation outlook

The British Pound fell against its major peers on Thursday after Bank of England (BoE) kept monetary policy unchanged while raising its forecast for British economic growth this year. Carney warned of the uncertainty over the Brexit, cautioning that “there will

Futures fall as Fed gives no clarity on next rate hike

On Thursday, US Stock Index Futures fell after the Federal Reserve gave minimum insight into whether it would raise interest rates at its next meeting, even as the central bank painted an upbeat picture of the economy. According to Reuters, the

Airline Stocks lose $4.9 billion as investors weigh travel ban

The Standard & Poor’s 500 airline index dropped 3.8% combined on Monday and Tuesday, five times the 0.7% drop in the S&P 500 as President Donald Trump’s travel ban wiped in two days $4.9 billion in market value for the country’s