According to recently released labour data, the US employment market is still robust and there is a continued need for workers. Seasonally adjusted Bureau of Labour Statistics data released on Tuesday shows that the number of open positions in the US increased unexpectedly to an estimated 9.026 million in December.The …

Norges Bank Investment Management, the national wealth fund of Norway, posted a record profit of 2.22 trillion kroner ($213 billion) in 2023, mostly by virtue of the excellent returns on its investments in technology shares.One of the biggest investors in the world, the Government Pension Fund Global, stated that the …

On Tuesday, the EUR/GBP pair rose by 0.50% to hit 0.8565. The Q4 GDP numbers for the Eurozone exceeded expectations, but the daily chart clearly shows bearish weariness. As monetary policy differences with the European Central Bank have pushed the cross lower in the previous sessions, the Bank of England’s …

ECB policymaker Gabriel Makhlouf said on Tuesday that the essence of data-dependency suggests that they should remain open-minded about the interest rate path, per Reuters.“With disinflation well underway, we are confident in sustainably reaching our target of 2%,” Makhlouf added. These comments didn’t have any immediate or noticeable impact on …

A second strong session for the US dollar placed more pressure on the riskier assets, pushing the EUR/USD to the sub-1.0800 level and the USD Index to flirt with the upper end of the current range amid the development of usual pre-FOMC caution.Ahead of the FOMC meeting and the release …

Despite opposition from the central bank, Russia is pondering an indefinite extension of the wartime capital regulations that were implemented to relieve pressure on the ruble. The step, according to the administration, is necessary to support the currency and assist curb inflation. President Vladimir Putin issued an order in October …

US stocks are surviving an increase in Treasury yields because of the positive economic outlook, but Goldman Sachs strategists warned that this might change if factors like tighter monetary policy push yields higher or if they climb too quickly.In their most recent weekly kickstart note, Goldman equity strategists lead by …

The liquidation turmoil facing China’s real estate sector as well as the strong US dollar cause WTI oil to decline by more than 1.50%. Despite geopolitical unrest, worries about the state of the world economy and central bank policies have also caused oil prices to decline.In light of the uncertain …

The Dollar Index is showing strong increases and is currently trading at 103.75, not far from its mid-December highs. Ahead of the Fed’s impending announcement on interest rate policy on Wednesday, markets are still wary.Monday saw a sharp increase in the Dollar Index, which closed at 103.75, reaching levels not …

The EUR/GBP is trading at 0.8525, at the time of writing, after slipping to its lowest level since August 2023 0.8520, recording 0.23% losses.The daily chart indicates strong selling pressure as the RSI approaches oversold territory. A technical correction could be imminent if indicators reach oversold conditions.As of Monday, the …