At the time of writing, the USD/JPY is trading at 134.17, up by 0.54%. The dollar rallied a little bit against the Japanese yen during the US trading session on Wednesday, but it is obvious that the American currency is struggling to shyly hang on to gains later in the …

The Dow Jones Industrial Average surged on Wednesday after the release of US economic data, with the release of another housing report as well as a Fed’s manufacturing index out. Tesla stock hit another new low before bouncing sharply, looking to recover a small bite of its historic December plunge.Wednesday’s …

After the EUR/USD pair had made a run to weekly highs, it eventually retreated. The pair now is closer to the daily low as US yields rise.The stocks market turns negative, while crude oil sinks. The EUR/USD pair failed to break the current range despite hitting the highest level in …

The GBP/USD pair has come back above the 1.2100 figure, courtesy of the US Dollar weakness. China’s relaxing Covid-19 restrictions can keep the market’s positive sentiment.The British Pound sharply advances after the European trading session that exhibited choppy trading, bouncing off the day’s lows around 1.2000. the pair is also …

Pending Home Sales in the US declined by 4% on a monthly basis in November, the data published by the National Association of Realtors showed on Wednesday. This reading followed October’s decrease of 4.6% and came in much worse than the market expectation for an increase of 0.6%.Following this data, …

China published its upwardly revised GDP estimate for 2021, at 8.4% instead of 8.1%. China has also stimulated positive market sentiment following the announcement of easing covid-linked restrictions, which will alleviate the negative impact of such restrictions on the economy. China Immigration Administration announced it would resume issuing visas for …

Following Wall Street’s optimistic opening amid better market sentiment, as US Treasury yields kept advancing in thin trading, gold managed to jump to a fresh three-week high but rapidly returned around its $1,810 comfort zone, specifically, at the time of writing, the precious metal is in bracketing trading range at …

San Francisco Fed’s Thomas M. Mertens, from the Economic Research Department, published a report, on Tuesday, on the central bank’s official website entitled “Recession Prediction on the Clock”. The report could be seen as a recession predictor based on macroeconomic data, particularly the jobless unemployment rate.This economic update was able …

Among the key questions lingering over across financial markets is whether volatility could continue into 2023 as the calendar year turns a corner.Markets were closed Monday to observe the Christmas holiday. In this shortened trading week, investors are expecting either relative quiet or further volatile sessions ahead due to low …

The S&P 500 fell on Tuesday, at the beginning of the holiday-shortened week, as yields climbed while investors are busy assessing the economic outlook for the new year.The Dow Jones Industrial Average rose 47 points, or 0.13%. The S&P 500 retreated by 0.4%, while the Nasdaq Composite shed 1.3%. Southwest …