How Could the Dollar React to Another Inflation Spike?
US CPI inflation readings for February will be out on Thursday at 12:30 GMT, likely generating more anxiety for Fed policymakers amid the Ukrainian geopolitical nightmare as price pressures are expected to have intensified further. The US dollar is trading in secure territory...
ECB meeting: No right choices for the euro
The European Central Bank faces a tough dilemma when it concludes its meeting at 11:45 GMT on Thursday. With the crippling sanctions imposed on Russia, European growth will slow down but inflation will heat up as energy prices soar. Will...
Gold Extends Rally, Oil Rises, Euro Consolidates
Overall market sentiment is steady today. Major European indexes are trading slightly in black, together with US futures. WTI oil rebounds on news that US President Joe Biden is set to announce ban of Russian oil imports as soon as...
American businesses in China say U.S.-China relations are back to Trump era tensions
BEIJING — American businesses in China no longer expect relations between the two countries to improve from the tensions of the Trump administration, according to a business association survey. After President Joe Biden was elected in late 2020, there was...
Euro and Pound Consolidate, But Staying Weak
US stocks were hammered again overnight and selling continues in Asia. But major currency pairs and crosses are trading in tight range, digesting recent moves. Euro and Sterling are recovering some grounds while Aussie is paring gains. Gold is consolidating...
Australian Economy to Grow by 5.5% in 2022
The Australian economy ended 2021 on a very strong note, expanding by 3.4% in the December quarter – matching the September 2020 outcome, and together the fastest quarterly growth rate since March 1976. The main driver of that growth was...
Stock futures dip after the S&P 500’s worst day since October 2020 amid Russia-Ukraine war
Stock futures fell slightly in overnight trading Monday following the S&P 500’s worst day since October, as investors remained on edge about surging oil prices and slowing economic growth amid Russia’s invasion of Ukraine. Futures on the Dow Jones Industrial...
Dollar Index : Dollar Continues to Advance on Risk Aversion and Rising Hopes for Fed Rate Hikes
The dollar maintains firm tone against of basket of its major counterparts and extended gains to the highest since May 2020 on Monday. High uncertainty over the war in Ukraine and pessimistic tone on soaring energy prices and expectations for...
Aussie Coming Off Sizzling Week
The Australian dollar has taken a breather, as it trades just slightly below the 0.74 line. AUD/USD has posted small losses on Monday, after posting impressive gains of 2% last week. The war in Ukraine has dampered risk appetite, which...
Euro Paring Losses as Markets Digest Wild Moves
Entering into US session, markets are starting to digest the steep moves made earlier today. Euro is paring some losses and it’s indeed trading in black against Sterling, Swiss and Yen at the time of writing. Swiss Franc has apparently...