The ANZ Business Outlook survey is due during the Asian session in New Zealand, and it will be followed by Australia’s Import and Export Price Index. Prior to central bank meetings, markets are awaiting crucial economic data from the US and Eurozone. On Thursday, Wall Street declined once more due …

Oil ignored the official reports issued regarding a sharp decline in US inventories of oil and oil products, to continue the decline for the second consecutive session on Wednesday. Crude bulls focused on the sharp rise in recession fears besieging the US economy in the recent period, as the US …

The Summary of Deliberations from the April 12 meeting of the Bank of Canada, at which the interest rate was left steady, revealed that they debated raising rates. According to the projections of the BoC Governing Council, the document notes that inflation was dropping. Officials concurred that expecting rate reductions …

On Wednesday, Bitcoin was soaring by more than 5% at one point. If the apex crypto can regain the $30,000 level, alt-coins may gather the strength to break through their own resistance marks. At the time of writing, the most famous cryptocurrency is up +5.4% trading at $29,723.During the 24-hour …

Gold is trading at $1987.05 per ounce at the time of writing. Wednesday’s US session is choppy for gold price, which is still moving sideways. Despite positive US data, the US dollar declines during the American session. In advance of the FOMC meeting next week, US Treasury rates hit new …

The performance of the General Motors stock, on Wednesday, shows investors are completely confused about cars. General Motors–2.19% reported a bigger profit than expected and raised its full-year financial forecasts amid a recovery in overall US auto sales. But the stock tanked, making it even clearer than it already was …

The shared currency has advanced against the US Dollar during Wednesday’s US session after an upbeat Wall Street open put paid to lingering recession fears. Stronger tech company earnings from Alphabet and Microsoft suggest advertising revenue remains high, offsetting recession fears. The EUR/USD pair is trading at 1.1043 at the …

Gold price advanced and printed a new weekly high at around $2003, though it faltered to hold its gains above the $2000 mark. Deteriorated risk appetite fueled by worries about the US banking system, and a surge in investments in safe-haven assets. As a result, after reaching a low of …

Gold prices have recovered modest overnight losses and are holding slight gains in early US trading session on Tuesday. Gold is seeing some buying interest from bargain hunters buying the dip and as US Treasury yields have declined a bit this week. At the time of typing, gold is trading …

On Tuesday, US President Joe Biden threatened to veto legislation that would tie support for raising the debt ceiling to significant spending cuts. The White House declared that it opposed the bill and that “the President has been clear that he will not accept such attempts at hostage-taking.” The legislation …