WEEKLY MARKET RECAP: May 9 – May 13, 2022
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…
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MARKET UPDATE
Dollar Strengthens After CPI; Sterling Hit by GDP Release The U.S. dollar strengthened in early European trade Thursday to a new two-decade high after U.S. inflation remained stubbornly high, while…
MARKET UPDATE
Dollar’s surge spurs currency hedging by U.S. companies U.S. companies are ramping up efforts to protect their profits from a relentless rally in the dollar, as the greenback surges to…
BOJ rules out widening yield band to slow sharp yen fall
The Bank of Japan has no plan to allow long-term interest rates to move more widely around its 0% target to stem sharp falls in the yen, a central bank…
MARKET UPDATE
Oil drops as economic worries, strong dollar weigh Oil prices dropped more than 1% on Tuesday, extending the previous day’s steep declines as coronavirus lockdowns in top oil importer China,…
MARKET UPDATE
Bitcoin falls to lowest since January, in line with tumbling stock markets Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies,…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between May 9th 2022 and May 13th 2022, where we take a look at the economic data, market news…
MARKET UPDATE
ECB must quickly raise key rates, says head of Germany’s Ifo institute The European Central Bank must quickly raise interest rates in line with the United States, given high inflation…
WEEKLY MARKET RECAP: May 2 – May 6 , 2022
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…
MARKET UPDATE
Lack of alternatives set to drive dollar dominance The dollar will retain most of its recent gains for at least another six months, according to a Reuters poll of FX…
MARKET UPDATE
Fraying central bank consensus spurs dollar and market stress The highest inflation in decades is unravelling whatever policy consensus there was between the world’s major central banks since the Great…
MARKET UPDATE
Gold prices pinned near 2-1/2-month low as investors await Fed meeting Gold prices dropped on Tuesday towards their lowest since mid-February, as an elevated dollar and an imminent interest rate…
Dollar Down, Fed Begins Policy Meeting
The dollar was down on Tuesday morning in Asia, with the Fed widely expected to further tighten its monetary policy as it begins its two-day meeting. The U.S. Dollar Index…
MARKET UPDATE
U.S. natural gas production growth wanes as need arises U.S. natural gas production growth is waning at the same time many countries are looking for new suppliers to help break…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between May 2nd 2022 and May 6th 2022, where we take a look at the economic data, market news…