USD slid on Friday after Fed Chair Powell gave a speech at Jackson Hole symposium. The speech indicated that tapering would start by yead end, which, however, was not as fast as the market previously ...
Industrial firms’ earnings in China slowed for the fifth month in a row, adding to growing evidence of a loss in economic momentum. Rising prices of raw materials, supply chain constraints due to extr...
Oil prices fell on Thursday for the first time this week. US oil was down 50 cents at $67.86 per barrel. The US Energy Information Administration reported that the crude oil inventories fell for the t...
As we move into the middle of the week, investors are looking at the Fed’s annual economic symposium at Jackson Hole. This year the meeting will be held online due to COVID. The US economy is heating ...
Bitcoin once again topped $50,000 on Sunday but quickly dropped below it. Currently, it has managed to regain some strength and came back to $49,645. It was the first time in 3 months that it reached ...
USD retreated from its 9-month high on Monday against its major counterparts. The uplift has been primarily supported by the positive sentiment from rising base metal prices. China, the world’s top ba...
As the Fed shifts towards tightening the monetary policy, riskier currencies are on the retreat. AUD sank to a new 9-month low at around 0.7127 against USD, falling 3.14% in this week so far. NZD drop...
The meeting minutes on Fed’s meeting from July 27-28 have been released. During the meeting, Fed officials commented that the asset purchasing program might be eased if the economy continues to improv...
RBNZ decided earlier to hold rates constant as the country is still in lockdown. The interest rate is unchanged at 0.25%. RBNZ expressed that, policy direction mostly depends on COVID. Delta variant h...
USD and JPY both rose on Monday against riskier currencies such as AUD, NZD, and CAD. The rising strength of safe-haven currencies has implied some worries over the current political environment. Thou...