Regarding rising interest rates, that appears to be the thinking going through the minds of Bank of England (BoE) policymakers. Despite persistent inflation and salary increases, the “Old Lady” has predicted a downturn. Accordingly, the Bank of England is expected to raise borrowing prices at its forthcoming ‘Super Thursday’ event, …

On Monday, U.S. stock index futures moved higher ahead of a crucial inflation report later this week that will be scrutinised to see if the Federal Reserve’s attempts to lower prices were working, while regional bank shares extended gains. PacWest Bancorp jumped 33% premarket after the business issued a quarterly …

Oil prices rose on Monday as fears of a recession in the United States eased and shifted market focus to tight supply, supporting prices after they posted a weekly decline for three consecutive weeks for the first time since November. A better-than-expected US jobs report for April helped oil prices …

The dollar started this week’s trading under pressure on Monday as traders bet that it may have peaked along with US interest rates as they await the release of inflation and loan data this week. Sterling rose slightly on Monday and hovered around an 11-month high of $1.2652, with particular …

Gold prices rose on Monday as the dollar weakened as investors await key US inflation data due this week that could influence the Federal Reserve’s monetary policy stance. Spot gold rose 0.2 percent at $2,020.80 an ounce by 0634 GMT. And US gold futures rose 0.2 percent to $ 2029.30. …

Japanese stocks closed lower on Monday as investors sold stocks as the yen rose against the dollar and concerns about the US banking sector persisted. The Nikkei index fell 0.71 percent to 28,949.88 points, closing below the 29,000 level for the first time since April 28. The index hit its …

Oil prices rose slightly in early Asian trading on Monday as fears of a recession in the United States began to recede, after causing prices to fall for three consecutive weeks for the first time since November. Brent crude futures rose 6 cents to $75.36 a barrel by 0022 GMT. …

Oil, Crude, trading

The Canadian dollar declined significantly to incur significant losses, surpassing the bearish target published in the previous report at 1.3510. It is now settling around its lowest level during today’s morning session 1.3370. Technically, and with a closer look at the chart, we find that the simple moving averages returned …

Oil, Crude, trading