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 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 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...
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 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 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 ...
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...
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 ...
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...
USD fell from its three-month high on Friday, after data showed mixed results on employment. Non-farm payrolls increased by 850k, which was well above the forecast and above last month’s level at 583k...