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Daily Articles About FED

European indices slump 2% with new lockdown restrictions

Markets tumbled again on Thursday as tighter lockdown measures in Europe added to nerves already frayed by delayed vaccine trials, earnings and election uncertainty and no progress on a US stimulus package.

Swiss franc extends drop

The Swiss franc extended its weekly decline. EUR/CHF came close to its highest since October 2019. Meanwhile the Dow Jones hits a record high above 32,000. Bond yields jumped to a an annual high but fell back after comments from Fed Chair Jay Powell.

IPhone revenue miss takes US stock markets lower

US stocks closed the week on a sour note ahead of the general election on Tuesday. Worse than expected iPhone sales reported by Apple after the bell on Thursday weighted on technology shares and the major averages

Bitcoin smashes through 20k!

Bitcoin flew above 20,000 for the first time on Wednesday while most currencies gained in relation to the dollar after the fed tweaked its forward guidance. The US labeling Switzerland a currency manipulator had little impact on CHF.

Dollar rallies on hawkish Fed minutes

Hawkish Fed minutes sent the dollar higher, gold lower and EUR/USD below 1.12 on Wednesday. The New Zealand dollar fell after the RBNZ hiked interest rates to 0.75%.

GE to breakup, markets await CPI data

GE, the abbreviation for General Electric, announced it will break up into 3 separate companies, while forex markets consolidated before US CPI data released on Wednesday.


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