Archive
OPEC+ agreed to increase oil supply, China posted $5.3 billion transaction volume in Digital Yuan
OPEC+ finally agreed on Sunday night to increase the oil supply starting from August. Oil prices climbed to the 2.5-year high as the global economy swiftly recovering from the pandemic. The attempt to...
USD heading for the weekly gain, NZD rose sharply against AUD due to CPI jumps in Q2
USD is heading to its best weekly gain on Friday, as US jobless claims fell to their 16-month low and the labor market gains momentum. Despite worker shortages and rising raw material costs, investors...
China’s economy slowed down in Q2, UK CPI showed skyrocketed inflation
China has just released its Q2 GDP, which showed slower growth than expected. Potentially due to higher raw material costs, Delta variant threats, and tepid manufacturing activity, GDP expanded 7.9% o...
US June CPI due later today, UK retailers report record-high Q2 growth as shops resume business
USD traded sharply lower today, with DXY Index witnessing -0.11% since opening, tumbling to 92.153. Markets are anxiously waiting for the latest inflation data which will be released later today. US J...
USD slid from the multi-week high, China witnesses unexpected credit growth
USD slid from its multi-week high on Friday, with DXY Index dropping from around 92.5 to 92.1. Safe-haven currency JPY has also declined, with the market favoring riskier currencies in emerging market...
Asian stocks tumbled to the 2-month low as investors factoring in Delta variant and interest rate hikes
Asian shares this morning tumbled to a nearly two-month low and seem to be set for the worst weekly performance since February. Volatility in the market is probably because investors are factoring in ...
FOMC meetings revealed more information and traders have become less concerned with inflation risks
Yesterday the latest meeting minutes have been released from the Fed. Although no big change has been made, USD was slightly lower but soon regained its momentum. Currently, the DXY Index is trading a...
Market mood shifts to benefit bonds and USD, stocks tumbled
Asian shares tumbled this morning as market sentiment shifts to risk aversion, which benefits bonds and dollars. Hong Kong stocks shed nearly 0.9% to its six-month low, Japan’s Nikkei slipped roughly ...
NZD rises as chance grows on interest rate hikes; Oil rises sharply after OPEC+ abandoned its meeting
The New Zealand Institute of Economic Research released its business confidence index earlier, which rose from -13% in Q1 to 7% in Q2. The sharp increase has led to the possibility of interest rate hi...