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The Australian dollar prepares to finish the week with losses of almost 1.60%. Fluctuating sentiment in the FX space boosts the USD and weighs on the AUD.St. Louis Fed President Bullard: Achieving a soft landing is feasible. The AUD/USD pair plummets from weekly highs reached on Thursday around 0.7069, down …

The gold spot is falling due to broad US dollar strength and steady US real yields. US Industrial Production expànded at a lower rate than in April, showing that the US economy is slowing.Gold spot (XAUUSD) drops as a reaction to the buoyant US dollar, which is staging a comeback …

Minneapolis Fed President Niel Kashkari said on Friday that he could support another 75 basis points rate hike in July. he also insisted that there is “need to be cautious about too much front-loading on rate hikes.according to Kashkari, “prudent strategy might be to continue with 50 bps rate hikes …

The USD/CAD soars above the 1.3000 mark for the first time since May 12 and records a fresh YTD high at around 1.3078 after Wednesday’s Fed 75 bps rate hike, which did not catch traders off guard due to an article on the WSJ on Monday that foresaw an increase …

Crude oil prices came under heavy bearish pressure ahead of the weekend and the barrel of West Texas Intermediate (WTI) declined below $110.00 for the first time in three weeks. The WTI was down 6.4% on a daily basis at $109.50.Tass news agency said that the Russian deputy energy minister …

In its semi-annual Monetary Policy Report, the US Federal Reserve said that the Gross Domestic Product (GDP) appears to be on track to rise moderately in the second quarter, as for the market’s reaction, the dollar preserves its strength ahead of the weekend and the US Dollar Index was last …

Russian President Vladimir Putin said Friday that the European Union has lost its “political sovereignty”, in a belligerent speech at Russia’s annual economic forum. Putin criticized the union’s economic policies such as “money printing” to tackle rising inflation. Putin also attacked the West for blaming it personally for its economic …

The Japanese yen fell 1.9% on Friday after the Bank of Japan bucked a wave of monetary tightening and stuck to an ultra-low interest rate, while currency markets looked poised for another choppy session after a series of rate hikes this week. The surprise decision of the Swiss National Bank …

European shares rose on Friday but headed for sharp weekly losses after a series of interest rate increases from major central banks fueled fears of a sharp economic slowdown. The pan-European Stoxx 600 index rose 0.8 percent in volatile trading, but it is still heading for a weekly decline of …

Oil prices rose on Friday, supported by tight supplies and new sanctions on Iran, but prices are on track for a weekly decline after major central banks raised interest rates, which raised fears of a sharp economic slowdown. Brent crude rose 62 cents, or 0.5 percent, to $ 120.43 a …