Investing.com – The euro pushed higher against the dollar on Friday after data showing that U.S. new home sales fell in July dampened expectations that the Federal Reserve may start to phase out stimulus measures in September.
EUR/USD hit session highs of 1.3410, before trimming gains to settle at 1.3377, 0.17% higher for the day and ending the week 0.33% higher.
The pair is likely to find support at 1.3322, the low of August 20 and resistance at 1.3426, the high of August 21.
The Commerce Department said new home sales fell by a larger-than-forecast 13.4% in July, the largest decline in more than three years.
U.S. stocks end mixed on Fed uncertainty; Dow down 0.05%
Investing.com – U.S. stocks ended mixed on Tuesday after climbing earlier as investors sold and jumped to the sidelines to await the release of the Federal Reserve's minutes from its July policy meeting on Wednesday.
Stocks posted solid gains earlier amid hefty demand for retail stocks before profit taking ended the rally.
At the close of U.S. trading, the Dow Jones Industrial Average finished down 0.05%, the S&P 500 index rose 0.38%, while the Nasdaq Composite index rose 0.68%.
Stocks rose earlier after investors snapped up nicely priced retailers, which fell on Monday due to disappointing earnings.
Forex - Dollar edges flat to lower as market awaits fresh Fed cue
Investing.com – The dollar traded flat to lower against most major currencies on Monday as investors avoided the greenback ahead of the release of the Federal Reserve's minutes from its July policy meeting on Wednesday, which markets hope will provide clues on the fate of stimulus programs.
Stimulus tools such as the Fed's USD85 billion monthly bond-buying program weaken the dollar to spur recovery, and talk of their dismantling can bolster the currency.
In U.S. trading on Monday, EUR/USD was up 0.08% at 1.3338 in a quiet, late-summer session void of major data.
A lack of U.S. data kept investors on the sidelines to await the release of the Fed minutes.
U.S. stocks slump as pricing data sparks Fed uncertainty; Dow down 0.73%
Investing.com – U.S. stocks fell on Wednesday after wholesale pricing data missed expectations and added to uncertainty as to when the Federal Reserve will begin to scale back stimulus programs.
At the close of U.S. trading, the Dow Jones Industrial Average finished down 0.73%, the S&P 500 index fell 0.52%, while the Nasdaq Composite index fell 0.41%.
The Department of Labor reported that the U.S. producer price index came in flat last month, missing expectations for a 0.3% increase after a 0.8% increase in June.
The core producer price index eased up 0.1% in July, missing forecasts for a 0.2% increase.
Forex - Dollar firms as sales data spark talk of Fed stimulus tapering
Investing.com – The dollar strengthened against most major currencies on Tuesday after data revealed U.S. retail sales expanded for a fourth consecutive month in July and rekindled market expectations for the Federal Reserve to begin tapering stimulus programs later this year.
Stimulus tools such as the Fed's USD85 billion monthly bond-buying program weaken the dollar to spur recovery, and talk of their dismantling can strengthen the greenback.
In U.S. trading on Tuesday, EUR/USD was down 0.26% at 1.3265.
Forex - Dollar mostly higher in Asia after Fed comments
Investing.com – The U.S. dollar traded higher against most of its major rivals during Thursday’s Asian session after the Federal Reserve said it will continue its USD85 billion per month asset-buying program over the near-term.
In Asian trading Friday, EUR/USD inched up 0.01% to 1.3304 after after Germany reported that the number of unemployed people in the country fell by 7,000 in June, defying expectations for a 4,000 decline. Germany's unemployment rate remained unchanged at 6.8% in June, in line with expectations.
Gold edges lower as market waits for Federal Reserve policy decision
Investing.com – Gold prices moved lower on Tuesday as investors avoided the metal and remained parked in the dollar to await the Federal Reserve's decision on monetary policy Wednesday, with many hoping the U.S. central bank will provide some clue as to when it may begin tapering stimulus programs.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,325.45 during U.S. afternoon hours, down 0.31%.
The December contract settled up 0.58% at USD1,329.60 a troy ounce on Monday.
U.S stocks end mixed in lackluster trading; Dow up 0.15%
Investing.com – U.S. stocks ended Tuesday mixed after a lackluster session marked by investors buying and selling equities on earnings as well as on uncertainty as to when Federal Reserve stimulus measures may begin to wind down.
Stimulus programs such as low interest rates and the Fed's monthly purchases of USD85 billion in assets suppress borrowing costs across the economy and make stocks an attractive buy.
At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.15%, the S&P 500 index fell 0.19%, while the Nasdaq Composite index fell 0.59%.
U.S stocks inch up on talk Fed stimulus to stay in place; Dow up 0.01%
Investing.com – U.S. stocks ended Monday higher after a lackluster session that saw share prices fall on earnings and soft housing data, though expectations that Federal Reserve stimulus measures will stay in place bolstered prices in the end.
Stimulus programs such as low interest rates and the Fed's monthly purchases of USD85 billion in assets suppress borrowing costs across the economy and make stocks an attractive buy.
Investing.com – Gold futures ended Friday’s session just below a one-month high, after comments by Federal Reserve Chairman Ben Bernanke earlier in the week eased concerns over the possibility the central bank will begin to taper its bond-buying program in the near future.
Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would end its quantitative easing program sooner-than-expected.
On the Comex division of the New York Mercantile Exchange, gold futures for August delivery rose 0.8% on Friday to settle the week at USD1,295.05 a troy ounce.
Gold futures were likely to find support at USD1,242.35 a troy ounce, the low from July 10 and near-term resistance at USD1,301.75, the high from June 21.
On the week, gold prices advanced 0.85%, the second consecutive weekly gain.
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