The Australian dollar has risen against the US dollar on Monday due to positive market sentiment, supporting commodity currencies like the Aussie more than safe-havens like the US dollar. S&P Global’s data shows the US Composite PMI is higher and in expansionary territory compared to Australian counterparts, reflecting the positive …

Above 101.00, the US Dollar Index maintains modest daily increases. The private sector’s economic activity continued to grow in July, according to US figures. Following a week in which it outperformed its key competitors, the American currency opened the new trading week on a positive note. The US Dollar Index, …

WTI increased by 2% to begin the week over $78.00 and the 200-day SMA. Oil prices are supported by global supply constraints and Chinese economic stimulus. Following PMI surveys, all eyes are on the main central bank’s choices. The American crude is trading at $78.929 per barrel at the time …

The US Dollar experienced a strong rebound from a sharp decline in the previous week, supported by strong economic data. The DXY rebounded from under 100.00 to 101.00, but the outlook remains negative, and the positive results could be seen as a corrective movement.The Pound underperformed during the week, following …

May saw a 0.2% growth in Canadian retail sales, somewhat less than the predicted 0.5% gain. Retail sales only slightly increased in May and the forecast for June shows that the trend persisted. This suggests that Canadian consumer spending was weak even before the Bank of Canada resumed its cycle …

The GBP/USD pair dropped in early trading due to strong US dollar strength, driven by upbeat UK retail sales data. The recent UK inflation report repricing of the Bank of England’s interest rate expectations led to a 50% chance of a 50 bps rate hike projected by the swaps market. …

WTI soared on Friday, posting a fourth straight weekly increase as it reached the 200-day Simple Moving Average (SMA) at $76.82. With a 1.89% weekly gain, WTI crude oil also increased by more than 1% near $76.80.On Friday, oil prices increased by more than $1 a barrel, supported by mounting …

In an effort to modernize the nation’s payment infrastructure and make it possible for regular Americans to send and receive money in seconds, the US Fed has introduced a new payment service called FedNow. With the FedNow service, which has been in development since 2019, the US will catch up …

Argentina has made a $2.7 billion payment on its debt to the International Monetary Fund in June, with $1 billion coming from its stockpile of Chinese yuan and the rest consisting of IMF special-drawing rights. This unprecedented step underscores the dire situation of the Argentine economy and the increasing relevance …

Higher interest rates helped US banks’ Q2 profitability, which in turn helped key markets rise. The prospects for the industry is, however, cast in doubt by decreased consumer spending, sluggish loan growth, and rising deposit-retention expenses. The S&P 500 Banks Index increased by 9.3%, while the KBW Regional Banking Index …