Despite US Rate Increases, the Dollar's Biggest Gains Look Done for Now
19 March, 2017, 01:07 | Author: Elaine Woods
With support showing-up around this key level, we may be seeing the rate hike that's largely-expected to take place later today being priced-in.
At 3:13 p.m., the Dow Jones Industrial Average was down 34.93 points, or 0.17 percent, to 20,915.17, the S&P 500 had lost 5.85 points, or 0.25 percent, to 2,379.41, and the Nasdaq Composite had dropped 5.46 points, or 0.09 percent, to 5,894.59. The S&P 500 rose 0.8 percent one day after the Fed's decision.
Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced.
Still, some market strategists see near-term headwinds for precious metals, especially since the bullish sentiment spurred by President Donald Trump's proposals to juice the US economy through fiscal-stimulus measures haven't entirely vanished.
After jumping almost 2 percent in the wake of the Fed meeting, the lira slipped 0.4 percent on Thursday.
Analysts said the election this week in Holland had calmed concerns over political risk in Europe, as Dutch center-right Prime Minister Mark Rutte fought off the challenge of anti-Islam and anti-EU rival Geert Wilders. After Britain's vote in summer to exit the European Union, investors wondered whether the Dutch election and others scheduled later this year on the continent could lead the European Union to break apart.
SOME CENTRAL BANKS FOLLOW THE FED: China's central bank raised a short-term interest rate on lending to banks but left its benchmark rate unchanged after the US increase.
World Baseball Classic uproar as Mexico eliminated
It is safe to say that Los Angeles Dodgers' first baseman Adrian Gonzalez is not the biggest fan of the World Baseball Classic . Not only have there been some very good games early on, but there has been a playoff-type atmosphere during numerous matchups.
The 10-year Treasury yield fell to 2.51 percent from 2.54 percent late Thursday.
"Even though the dot plot is not relevant because so much can change, the Fed reminded us all of the gradual nature of their expected behaviour on this rate hike cycle", said Peter Boockvar, chief market analyst at The Lindsey Group, in a Wednesday note.
The central bank's rate increase was spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.
Data:French inflation rose 1.2% (http://www.marketwatch.com/story/french-inflation-confirmed-as-slowing-in-february-2017-03-15) on the year in February, slowing from January's rate, statistics agency Insee said.
On Thursday, Hong Kong stocks were up 1.7 percent, Shanghai adding 0.8 percent and Seoul advancing 0.8 percent.
The yellow metal was trading 0.20 per cent, or Rs 50, up at 28,467 per 10 gram, while the white metal was up 0.31 per cent, or Rs 124, at Rs 40,722 per 1 kg.
CURRENCIES: The euro from dipped to $1.0746 from $1.0749 late Thursday, and the British pound fell to $1.2367 from $1.2358.
The remarks upped the ante in a war of words over Scottish independence as Britain prepares for intense European Union exit talks. Theresa May called for the country to come together to ensure "we can get the best deal for the whole of the United Kingdom".
The Commonwealth Games began as the British Empire Games in 1930. "It does not look like we will find each other", said Mbalula. Cape Town - Durban has lost the right to host the 2022 Commonwealth Games , according to widespread reports on Monday.
"As a state that has built its reputation on its clean green environment, this plan recognises that clean energy is our future". The aim is also to create more self-sufficiency using local resources, while reducing dependence on coal from Victoria.
He also criticized Democratic rival Hillary Clinton for receiving millions for paid speeches to Goldman and other financial firms. Attorney was marked by his willingness to follow cases where they took him and regardless of his targets' political affiliations.
Thursday's explosion was the result of a so-called phreatomagmatic eruption, caused by magma hitting water - in this case snow. The BBC crew was shaken but physically OK despite having suffered cuts, bruises and burns , she wrote.
Ackman generally buys large stakes in a handful of big companies and agitates for changes and transactions. Revenues in the quarter fell 13% to $2.4 billion, versus $2.8 billion in the same quarter of 2015.
This is a Microsoft decision, and one that AMD and Intel have no control over, despite what their customers may want. Microsoft's offer of a free upgrade to Windows 10 expired on 29 July 2016, and didn't apply to Vista users anyway.
According to a report by Fortune , Tesla shares opened at $264 today morning before dropping 0.7% and then rebounding. Elon Musk recently attended the 2017 World Government Summit in Dubai, to launch Tesla in the UAE.
Arsenal legend Paul Merson has described his former side's upcoming trip to West Bromwich Albion as a potential banana skin. The Baggies could lose three Premier League games in a row for the first time this season .
Geno expected to join G-Men, agreement in place
Now, multiple reports have indicated that the Giants will also add former New York Jets quarterback Geno Smith to the mix. The 2015 season was supposed to be Smith's final chance to prove whether he was a respectable starting quarterback.
Claims for unemployment benefits dip by 2000
The number of unemployed residents rose by 2,726 to 23,887, while the number of employed residents decreased by 1,094 to 387,721. The number of unemployed residents in the region rose from December to January by 1,033 to 14,139, labor officials said.
Person of Interest named in Glen Carbon fatal house fire
Paramedic Todd Zobrist pulled the boy's lifeless body out of the SUV and used the roof of the vehicle as a surface to perform CPR. The neighbor, Sherry Ricker, told the newspaper that she saw Cristy Campbell and held her infant son just three days earlier.
Trump Moves to Loosen Obama's Fuel Economy Rules
Because EPA regulations allow for states to ask for waivers if they want stricter standards, this is what California did. Trump announced in MI on Wednesday that the EPA would review federal mileage standards for 2022 to 2025.
Briton jailed in Bali for murder of policeman
Her British DJ boyfriend, David James Taylor, was convicted of the same offence and jailed for six years. Taylor, known as DJ Nutzo, was supported in court by his parents John and Janet Taylor from the UK.