The US Dollar Index (DXY), which measures the buck’s performance against a basket of six rivals, erases its earlier gains, down 0.04%, at 102.201. During the session, the USD/CHF cleared the 20-day EMA at 0.9293 and cleared the 0.9300 mark. Nevertheless, as the dollar weakened, the major retreated those gains …

The USD/CAD pair finished Friday’s session with gains, though it hesitated to go past the 1.3400 mark. The pair is trading at 1.3393 at the time of writing. The USD/CAD prolonged its weekly losses and tumbled for the fourth consecutive week, losing 0.36%, but on the day, the USD/CAD is …

Shares of JPMorgan, which is the biggest US bank by assets, surged more than 2% after the firm posted Q4 profit and revenue that topped expectations. The New York-based bank said profit jumped 6% from the year earlier period to $11.01 billion, or $3.57 per share. Interest income at the …

At the time of writing, gold price is hovering around $1,920 on Friday, hit a new 9-month high as investors anticipate the US central bank to adopt a less aggressive stance following Thursday’s softer inflation data. Bets for a 25-bps rate hike by the Federal Reserve lie at a 94.2% …

Consumers kicked off the new year feeling more optimistic about the US economy, according to preliminary results from the University of Michigan’s consumer survey. The consumer sentiment index rose to 64.6 in the first two weeks of January, rising 8% from the previous reading of 59.7 for December and coming …

Almost all financial assets spent the first half of the trading day in a defensive stance, attempting to extend their previous consolidative efforts. Eventually, the release of the US CPI data had other arrangements and another say. Market ignored other positive news, but were there to support the optimism. The …

Fed’s Raphael Bostic said, early Friday, he would be comfortable moving at 25 basis points if conversations with business leaders are consistent with slowing inflation. He said that the signs of slowing wage increases “also positive”.Data showing inflation slowed in December “was really welcome news” that may allow the U.S. …

One lesson traders and investors are urged to learn is that the bond market is often almost correct; particularly two-year Treasury note. Its direction is of high consideration for those who are interested in knowing about the direction of the Federal Reserve’s actions.   US Treasury yields fell on Thursday …

In 2022, leaks were spotted in the Nord Stream 1 and 2 pipelines, presumably caused by explosions that Sweden investigated to later conclude it was likely the result of serious sabotage, and now Russia is complaining that Sweden is hiding something and unwilling to share its investigation’s findings. Russia accused …

The combined crude oil output by OPEC+ group rose by 140,000 barrels per day (bpd) to 42.71 million bpd in December, but the cartel was still 1.8 million bpd below its target, according to the Platts survey by S&P Global Commodity Insights. Russia’s output was almost unchanged, while Nigeria saw …