After its monetary policy meeting on Wednesday, the Reserve Bank of New Zealand is anticipated to keep the Official Cash Rate (OCR) at 5.50% for the sixth consecutive meeting. Notwithstanding the fact that Governor Adrian Orr’s news conference was not held and that revised economic estimates were released, the New …

BoJ Governor Kazuo Ueda stated in his semi-annual report on currency and monetary supervision issued on Wednesday that, given the current conditions of economic activity and prices, he expects the current accommodative conditions to be maintained.In his estimation, Ueda believes that the 2 percent price stability target will be achieved …

The US dollar was under pressure throughout the week’s bearish start, but the risk complex was able to gather itself and US rates moved marginally higher across the curve. Ahead of the crucial US CPI, FOMC Minutes, and ECB event, traders continued to evaluate the most recent payroll prints. Amidst …

FuelBuddy released its most recent statistics on Monday, which show that fuel costs are skyrocketing in most states and towns. In Louisville, for example, the average cost of a gallon of petrol increased by 27.5 cents over the previous week to $3.51, based on a survey covering 644 petrol stations. …

At the end of a turbulent North American session on Monday, US equities remained mostly steady as a solar eclipse provided some diversion ahead of the key CPI inflation data and the start of the first-quarter earnings season. The Nasdaq opened a new tab and finished marginally up, while the …

US West Texas Intermediate crude closed down 48 cents, or 0.6%, at $86.43, while Brent crude futures down 79 cents, or 0.9%, to settle at $90.38 a barrel. For Brent, it was the first drop in five sessions, and for WTI, it was the first in seven. A Hamas spokesman …

Gold is up 0.50%, trading at $2341.29 per ounce at the time of writing. Earlier on Monday, gold’s jump to $2,354 has been tempered by evolving Fed rate cut expectations and a resilient US jobs report. Potential further upside for Gold is expected with forecasts reaching up to $2,500 in …

The Canadian Dollar has seen minor gains on Monday, extending its rebound from year-to-date lows after Friday’s upbeat Ivey PMI. This is due to a modest appetite for risk on a calm weekly opening, which allows some US Dollar pullback ahead of key macroeconomic data this week. The US economy …

The US Dollar Index is currently trading at 104.15 with mild losses, as traders await the March CPI report on Wednesday. The Fed’s cautious stance is calibrated in light of incoming data, with hot labor market figures reported last week potentially justifying the delay of the easing cycle. The US …

The past trading week witnessed remarkable fluctuations coinciding with the beginning of the second quarter of the year 2024, as strong US economic data raised speculation about the ability of the US Federal Reserve to reduce interest rates and when it might make such a decision. The week concluded with …