USD/CAD

Resurgence in US Stocks Driven by Encouraging Economic Data

Resurgence in US Stocks Driven by Encouraging Economic Data | Daily Market Analysis

Key events: USA – Fed Chair Powell Speaks      USA – Crude Oil Inventories     Tuesday saw a resurgence in US stock indices, marking a recovery from a recent series of losses. This rebound was driven by encouraging economic data, which alleviated concerns among investors about an imminent recession resulting from the Federal Reserve's aggressive interest rate hikes.

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Fed Chair Powell's Testimony Spurs US Stock Decline, BoE Expected to Hike Rates Amid Gloomy Outlook | Daily Market Analysis

Fed Chair Powell's Testimony Spurs US Stock Decline, BoE Expected to Hike Rates Amid Gloomy Outlook | Daily Market Analysis

Key events:          

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Preview image of the US Doller

Daily Market Analysis| This US Dollar is Still the King?

Daily Market Analysis Key events: USA - Average Hourly Earnings (MoM) (Aug) USA - Nonfarm Payrolls (Aug) USA - Unemployment Rate (Aug)

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