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Chicago Fed President Austan Goolsbee has reassured investors that the central bank will be able to lower interest rates in 2024 despite a hotter-than-expected reading on consumer prices. The Consumer Price Index (CPI) exceeded expectations in January, rising 3.1% over the previous year and 0.3% over the previous month. Prices …

Bank of England (BoE) Governor Andrew Bailey described the most recent inflation statistics as “good news” and pointed out that it indicated greater downward pressure than they had anticipated during his testimony before the UK Economic Affairs Committee on Wednesday. Bailey’s remarks did not cause the GBP/USD to move noticeably. …

Natural gas prices have fallen by 20% since February, with the US Dollar Index consolidating gains on Wednesday. The commodity’s prices have been negatively impacted by February, with Shell issuing an outlook where Liquefied Natural Gas demand will be substantially decreased by 2040, reflecting global pushes to abandon fossil fuels. …

In a report unveiled on Wednesday, Shell projected a significant surge in global liquefied natural gas (LNG) demand, expecting it to soar by more than 50 percent by 2040. This uptick is anticipated as countries in South and Southeast Asia, along with China, intensify their adoption of LNG to bolster …

Japan’s Nikkei index fell from its highest level in 34 years on Wednesday, affected by a sharp decline in Wall Street indices at the end of trading on Tuesday, but the weakness of the yen and increased investor interest are expected to push the benchmark index towards new high levels …

The dollar surged to its highest levels in three months against other major currencies on Wednesday following unexpected inflation data in the United States, diminishing bets on Federal Reserve interest rate cuts. The dollar surpassed the 150 yen mark for the first time since November, prompting Japan’s chief currency official, …

Oil Prices Retreat on Surging US Crude Inventories and Diminished Rate Cut Expectations Early Asian trading on Wednesday saw a decline in oil prices following reports from the American Petroleum Institute (API) indicating a significant buildup in US crude inventories last week, coupled with shifting sentiments regarding potential interest rate …

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar has defied expectations of a downward trend, particularly as trading stabilized above the key resistance level of 1.3520. Previously, we anticipated a halt in the downward trajectory if stability above 1.3520 was achieved, signaling a potential upward movement towards 1.3550 and 1.3590. Today, from a technical standpoint, …