Dollar slips as U.S. yield curve flattens in big week for cbanks The U.S. dollar lurched lower on Monday, stepping back from a 1-1/2 year high tested on Friday, as hawkish comments over the weekend by a Federal Reserve official sent the U.S. yield curve to its flattest levels in three months. While the Fed…
Here is what you need to know about the important news between January 31st 2022 and February 4th 2022, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key…
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on the financial market – and may continue to into the future for the US Dollar and other key correlated…
Oil heads for sixth weekly gain amid supply concerns Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 57 cents, or 0.6%, to $89.91 a barrel at 0734 GMT, after…
Those clinging to a decade-old belief that the Fed will mount a rescue of tanking stock markets with a last-minute pushback on the timing of interest rate hikes may be left disappointed. Equities have nosedived and government bond yields have risen in the runup to Wednesday afternoon’s Federal Reserve policy decision which is widely expected…
Dollar Hits 2022 High as Market Prices in More Fed Hikes The dollar hit its highest level this year in early dealings in Europe on Thursday, after the Federal Reserve’s press conference led many to expect more monetary policy tightening than previously expected. Fed Chair Jerome Powell dodged a question about whether the Fed would…
German exporters start year in hopeful mood The mood among German exporters brightened considerably in January, with almost all industries expecting growth, the Ifo economic institute said on Wednesday. Ifo’s barometer for export expectations rose to 17.4 points in January, up from 12.9 points in December, hitting its highest level since September last year. “German…
The safe-haven yen and U.S. dollar rose on Tuesday while the risk-sensitive New Zealand dollar fell with the euro amid escalating worries about both a potential military conflict in Ukraine and a faster pace of Federal Reserve policy tightening. The Australian dollar rose briefly after strong consumer price numbers boosted the case for a Reserve…
Three U.S. states, D.C. sue Google over location-tracking Texas, Indiana, Washington State and the District of Columbia sued Alphabet (NASDAQ:GOOGL) Inc’s Google on Monday over what they called deceptive location-tracking practices that invade users’ privacy. “Google falsely led consumers to believe that changing their account and device settings would allow customers to protect their privacy…
Japan aims to release prelim ‘Green GDP’ estimates by end-March – economy minister Japan is drafting an economic growth measure taking climate action into account and aims to release a preliminary estimate by the end of March, economy minister Daishiro Yamagiwa said on Monday. Asked about so-called “Green GDP” in a parliament session, Yamagiwa also…
Here is what you need to know about the important news between January 24th 2022 and January 28th 2022, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key…
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines that had the most impact on the financial market – and may continue to into the future for the US Dollar and other key correlated…
Major cryptocurrencies are trading higher Thursday morning despite the Central Bank of Russia’s proposed a ban on the use, issuance, and mining of all cryptocurrencies. Cryptocurrencies have posted threats to Russian citizens’ well-being and the country’s financial stability, the Central Bank said in a report Thursday. Russia is among a list of countries that seeks…
U.S. crude exports ramp up as global demand recovers U.S. crude exports are ramping up due to increasing demand from Asia and Europe and recovering U.S. production from the lows of the coronavirus pandemic. Surging worldwide demand, supply outages and international political tension have stoked worries around crude supplies, boosting oil prices to the highest…
Inflation in the euro zone will decrease gradually over the year as its main drivers, such as surging energy prices and supply bottlenecks, are expected to ease, European Central Bank (ECB) head Christine Lagarde told France Inter radio. “This will stabilize and ease gradually in the course of 2022,” she said. Asked on her policy…
Singapore lists first SPAC as Asia investors warm up to blank check firms A small blank-check firm backed by state investor Temasek made its Singapore debut on Thursday, marking the first such local listing as Singapore steps up a drive to emerge as a key venue for listings of this type. Dollar Drifts as…
The dollar was marginally lower in early trade in Europe Wednesday, consolidating after being pulled higher by rising bond yields and a broad drop in risk appetite as the U.S. returned from a long holiday weekend on Tuesday. The dollar index, which tracks the greenback against a basket of developed market currencies, was down after…
UK inflation rises to highest in nearly 30 years British consumer price inflation rose more than expected to 5.4% in December, its highest in almost 30 years, official data showed on Wednesday, putting pressure on the Bank of England to raise interest rates again next month. Economists polled by Reuters had forecast that the annual…
British employers added a record 184,000 staff to their payrolls in December, showing little impact from the Omicron variant of coronavirus, while job vacancies hit a new record high, potentially fueling the Bank of England’s inflation worries. The broader unemployment rate for the three months to the end of November fell to 4.1%, the Office…
Brent climbs to more than 7-year high on Mideast tensions, tight supply Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition. China’s 2021…