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the EUR/USD pair sharply advances, on the track of the same prevalent sentiment, earlier during the European session. Investors are interested in leaks that the ECB might hike rates more than 25 bps in the July meeting. The news brought about the EUR/USD pair’s jump from 1.0160 towards daily highs …

Bank of England Governor Andrew Bailey said on Tuesday that a 50 basis points rate increase will be among the choices at the next policy meeting, as reported by Reuters.The GBP/USD pair extended its daily rally and touched its highest level in more than 10 days at 1.2045. As of …

The Bank of Japan (BoJ) will announce its monetary policy decision on Thursday, July 21 at 03:00 GMT. The central bank is expected to keep interest rates unchanged as the policymakers are committed to keeping a dovish tone to revive the overall demand in the economy. The BoJ is focused …

The data published by the US Census Bureau revealed on Tuesday that Housing Starts declined by 2% to a seasonally adjusted annual rate of 1,685,000. Building Permits fell by 0.6% in the same period following the 7% contraction reported in May. “Privately‐owned housing completions in June were at a seasonally …

Gold prices stabilized on Tuesday, supported by a weak dollar, but prices were stuck in a narrow range as investors refrained from making big bets ahead of major central bank meetings. By 0726 GMT, gold was stable in spot transactions at $1708.35 an ounce, while US gold futures fell 0.3 …

Annual inflation in the euro area hit a new record after reaching 8.6% in June, in line with expectations, up from 8.1% recorded in May. The inflation rate rose on a monthly basis by 0.8%, also in line with expectations, and it also rose by the same rate in May. …

Japanese stocks extended gains on Tuesday, albeit with modest performance, as investors refrained from any big moves ahead of the Bank of Japan’s monetary policy meeting, despite diminishing expectations for a large interest rate cut in the US central bank. The Nikkei index started its trading, up 0.8 percent, to …

Turkey’s central government general budget showed a deficit of 31 billion liras ($1.77 billion) in June, according to Treasury and Finance Ministry data, with an initial deficit of 18.3 billion liras. In the first half of the year, the general budget recorded a surplus of 93.6 billion pounds. The primary …

The US Energy Information Administration expected in a report today, Monday, July 18, that oil production in the main shale basins in the United States would rise to the highest level since March 2020 next month. According to the report, US shale oil production may rise by 136 thousand barrels …

Oil prices jumped more than five dollars on Monday, boosted by a weak dollar and expectations that the US Federal Reserve will not raise interest rates by a full percentage point at its next meeting to fight inflation. The global benchmark Brent crude contracts for September delivery ended the trading …