MARKET UPDATE
Oil rises on dovish CPI, but recession fears spell weekly losses Oil prices rose on Friday after softer-than-expected U.S. inflation data ramped up hopes of smaller interest rate hikes by…
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MARKET UPDATE
Oil steadies as traders await direction from U.S. inflation data Oil prices steadied on Thursday after falling for three days as the impact of renewed COVID curbs in China, the…
Crypto’s FTX CEO looking at all options as Binance deal collapses
FTX Chief Executive Officer Sam Bankman-Fried told employees he was exploring all options for his firm after a deal with cryptocurrency exchange Binance collapsed on Wednesday. The proposed deal between…
MARKET UPDATE
Cryptos attempt to steady as Binance-FTX deal chills market Cryptocurrencies were jittery and groping for a floor on Wednesday, after a sharp and broad drawdown when nerves about the stability…
MARKET UPDATE
Japan foreign reserves fall for third month after intervention Japan’s foreign reserves extended declines in October, following the previous month’s record drop, the Ministry of Finance said on Tuesday, reflecting…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between November 7th 2022 and November 11th 2022, where we take a look at the economic data, market news…
MARKET UPDATE
Dollar rises as China defends stringent COVID policy, dampening risk The dollar firmed on Monday as sentiment soured after China said it is sticking with its strict COVID restrictions, quashing…
WEEKLY MARKET RECAP: October 31 – November 04, 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
NY Fed official: Digital dollar could speed foreign exchange settlement A top Federal Reserve Bank of New York official said on Friday that the bank sees promise in using a…
MARKET UPDATE
Asian Stocks Slammed by Hawkish Fed, China Rally Pauses Asian stock markets tumbled on Thursday after the Federal Reserve espoused a more hawkish outlook than expected, with Chinese equities cutting…
Energy market turmoil shakes Europe’s green power plan
Europe’s plan to roughly double renewable power generation by the end of the decade to cut its emissions and reliance on imported Russian fuel is under threat from market turbulence…
MARKET UPDATE
Dollar Edges Lower; Looming Fed Decision Limits Volatility The U.S. dollar edged lower in early European trade Wednesday, with traders cautious ahead of the conclusion of a crucial Federal Reserve…
MARKET UPDATE
01/11/2022 Oil Prices Trim Losses as OPEC Hikes Demand Forecast Oil prices trimmed recent losses on Tuesday after the OPEC raised its medium to long term demand forecasts and said…