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The Japanese Nikkei index ended trading on Tuesday at its lowest level in two months, and the yield on government bonds for ten years recorded the highest rise in seven years, after the central bank surprised investors by allowing a hike in long-term interest rates. The Nikkei fell 2.46 percent …

Gold prices rose on Tuesday on a weaker dollar, although lingering concerns about the Federal Reserve’s interest rate hike kept non-profit metals’ gains in check. Spot gold rose 0.3 percent to $1,791.91 an ounce by 0636 GMT, and US gold futures rose 0.1 percent to $1,800.20 an ounce. And the …

The United States has become a global exporter of crude oil over the past few years, but its exports have never exceeded its imports since World War II. This may change next year. US crude oil sales to other countries are now at a record 3.4 million bpd, with exports …

Oil prices rose in early trading on Tuesday, supported by a weaker dollar and the United States’ plan to rebuild its strategic reserves, but gains were limited by uncertainty over the impact of rising COVID-19 cases in China, the world’s largest oil importer. Brent crude futures rose 61 cents, or …

Firmer government bond yields provided near-term support to the USD, but plummeting US indexes limited the dollar’s potential gains.Gold flirted with $1,800 but finished the day in the red at around $1,786 a troy ounce. Crude oil prices, however, posted modest gains, with WTI settling at $75.40 a barrel.No catalysts …

Treasury yields surged on Monday, as investors assess the cumulative probability that the world’s MAJOR central banks will keep raising rates in 2023 despite the economic impact.Traders focus on assessment of the 2023 monetary-policy outlook of central banks from the US to Japan and Europe. Longer term yields are below …

Oil prices surged on Monday on optimistic expectations and hopes for China’s economy after news speaking about relaxing COVID-19 restrictions. But, fears of a global recession would weigh on energy demand and therefore oil’s gains are limited.China is experiencing its first of three expected waves of COVID-19 cases after Beijing …

Wall Street equities were in the red territory on Monday. Nasdaq was leading the prevalent declines as investors’ worries accelerate concerning Fed’s monetary policy tightening that could drag the US economy into a recession.The S&P 500, the Dow Industrials and the Nasdaq have sold off sharply for December, on track …

The Pound Sterling is leaning against a critical level of support while the US dollar is surprisingly weak. The Federal Reserve and Bank of England’s rate decisions are being digested. The GBP/USD pair is 0.2% higher at the time of writing on the first day of the trading week. However, …

The European Central Bank is targeting 2% inflation and Bundesbank President Joachim Nagel said ”it will take a while to return to 2% inflation.”Earlier in December, Nagel was quoted saying that the ECB should start reducing its large holdings of government debt in the first quarter of next year as …