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...
Euro and Sterling Dive, Oil and Gold Surge
Moves in the markets are intensifying as another week starts, as Russia’s invasion on Ukraine continues. US and allies rejected Ukrainian President Volodymyr Zelenskyy’s plea for creating a no-fly zone over the country. But they’re now considering to step up sanctions...
ECB Preview – Inflation Forces the Normalisation Process to Continue
A difficult ECB meeting is due to take place on Thursday next week. After the pivotal hawkish communication shift at the February meeting, the ECB will have to balance a stronger inflation outlook with the highly uncertain economic impact of...
PayPal suspends its services in Russia over Ukraine war
In a letter addressed to the Ukrainian government, PayPal CEO Dan Schulman said the company was suspending its services in Russia.
Euro, European Stocks and Yields in Free Fall as WW III is Near
Russia invasion of Ukraine continued last week and risk aversion intensified sharply after Russia’s attempt to attack Zaporizhzhia nuclear power station. European stocks took a steep dive with benchmark yields. Oil prices surged to levels not seen in more than...
Weekly Economic & Financial Commentary: The U.S. Economy Had Solid Momentum Ahead of Russia’s Invasion
Summary United States: The U.S. Economy Had Solid Momentum Ahead of Russia’s Invasion February’s employment data showed the economy had strong momentum ahead of Russia’s invasion of Ukraine and amid the Fed’s shift to a more hawkish tone on monetary...