The European Central Bank’s Martins Kazaks said ”there is no pivot, we still say that inflation is a problem, and we will keep raising rates.”Kazaks has recently said that the ECB must raise interest rates much further, but that it is impossible to say how far because economic uncertainty is …

American crude oil rallies and trades at $92.24, benefiting from the US dollar which is losing ground. WTI prices resumed the upward trend that started on Friday as the US crude oil bounced up from levels right above $90 on the early trade, to reach levels past $93 for the …

This week will witness markets focusing on Tuesday’s US mid-term elections on. Economists at Société Générale expect equities to go up if the Republicans win control of both the Senate and the House.Victory for the Republicans GOP could have negative ramifications for the Euro. The US midterms could have an …

The USD/CAD pair dropped after hitting the 1.3800 weekly high last week, falling by almost 2.50%. At the time of writing, the USDCAD is trading at 1.3505, down by 0.22%.The US jobs data was mixed, though a higher unemployment rate could push the brakes of the aggressive Fed’s rate hiking …

Roblox is expected to report earnings on Wednesday, and investors are getting ready for foreseen disappointment.Roblox warned investors last month that bookings were down roughly 7% to 10% per user in September. In the case of Roblox, “bookings” basically means customer purchases of Robux virtual currency, to spend later in …

Significant events dominated price action across global financial markets last week, including Fed’s rate decision and US NFP data, namely the most important events of the monthFOMC Decision, US Rate Hike The Fed raised interest rates by 75 points last week, bringing the accumulative key rate to 4.00%, after raising …

The US dollar fell on Friday after the release of the country’s nonfarm payrolls report for October. The latest NFP reading indicated that the world’s largest economy created more new jobs than expected, but also flashed other signs of economic slowdown with a higher unemployment rate and lower wage inflation.The …

Oil climbed on Friday as the dollar eased and supply risks remained, though recession fears and China’s COVID outbreaks kept a check on prices.Brent crude futures were and were able to touch the high of $96.51 a barrel at 0740 GMT, and eventually closed at $94.14. The contract is headed …

News outlets published claims that Twitter’s entire curation team was fired. Elon Musk ended his first week as Twitter’s owner with an indelible mark by slashing, by some estimates, up to half of the company’s workforce with little notice and abruptly cutting off employees’ access to their computers and work …

The US economy added more jobs than expected in October even as the Fed pressed on with the central bank’s most aggressive monetary tightening campaign in decades.Friday’s figure effectively serves as a catalyst for Fed policymakers to proceed with further rate hikes, particularly after messaging from Fed Chair Jerome Powell …