GBPUSD MOVES SIDEWAYS AHEAD OF UK DATA DUMP The Australian dollar remained under pressure after the country’s prime minister called for a new election in May. Scott Morrison will face off with Anthony Albanese, the leader of the center-left...
GBPUSD MOVES SIDEWAYS AHEAD OF UK DATA DUMP The Australian dollar remained under pressure after the country’s prime minister called for a new election in May. Scott Morrison will face off with Anthony Albanese, the leader of the center-left...
US DOLLAR RISES AS STRONG NFP POINT TO MORE FED HIKES The US dollar rose slightly on Monday morning as investors reflected on the strong American jobs data. On Friday, data by the Bureau of Labor Statistics (BLS) showed...
AMERICAN EQUITIES MIXED AS BOND YIELDS FLASH WARNING SIGNS American equities were relatively mixed on Monday as investors watched the performance of the bond market and the war in Ukraine. On Monday, the yield curve inverted for the first...
NASDAQ 100 BULLISH MOMENTUM ACCELERATES AS VOLATILITY REDUCES American stocks rose on Thursday evening after mixed economic data from the country. According to the Bureau of Labor Statistics (BLS), the country’s initial jobless claims declined from 215k to 187k...
STERLING RETREATS AS UK INFLATION SOARS TO THREE-DECADE HIGH The price of crude oil rose sharply on Wednesday after Russia warned of a potential collapse of the energy market. In a statement, the country’s deputy prime minister said that...
JAPANESE YEN RETREATS SHARPLY AS BOJ CONCERNS REMAIN US stocks rose on Tuesday even after the hawkish statement from Jerome Powell on Monday. The Dow Jones rose by over 250 points while the Nasdaq 100 index added about 300...
CRUDE OIL PRICE STEADY AMID SAUDI ARABIA SUPPLY CHALLENGES The price of crude oil held steady in the overnight session as supply concerns remained. The biggest issue is the ongoing crisis in Ukraine, which has pushed western countries to...
CRUDE OIL PRICE STEADIES AS IRAN NUCLEAR TALKS DERAIL The price of crude oil rose slightly as the crisis in Ukraine continued and the Iran nuclear deal talks ended without much progress. Analysts have been watching the talks in...
DOW JONES AND NASDAQ 100 PARE BACK GAINS AS INFLATION SURGES American stocks dipped sharply on Thursday as investors reacted to strong American inflation data. According to the Bureau of Labor Statistics, the country’s headline inflation jumped to 7.9%...
EURUSD BREAKS SUPPORT ON HOPES ECB WILL BE CAUTIOUS The euro retreated against a key support level on Wednesday as investors predicted that the European Central Bank (ECB) will go slow on tightening as the crisis in Europe escalates....