The US central bank needs to raise interest rates a bit further in order to maintain control over the country’s hot inflation in order to bring it back down toward the central bank’s 2% goal according to St. Louis Fed President James Bullard.On Monday, Bullard said that rates need to …

Wall Street’s indexes fell on Monday amid growing concerns about protests in China against the government’s strict COVID-19 restrictions, although Amazon’s gains helped limit losses as Cyber Monday sales are closer to record figures.Amazon’s shares rose 2% following an industry report that spending on Cyber Monday, the biggest US online …

Global trade growth is slowing down due to weakening export orders and demand for container shipments and air freight further retreats.The goods barometer calculated by the World Trade Organization sank below its trend levels, in another signal that the global economy is weakening. It has slipped to 96.2, down from …

The Euro rises on Monday on the back of hawkish comments. The EUR/GBP pair currently finds support again at the 0.8570 zone. The EUR/GBP is rising sharply on Monday, boosted by a stronger Euro across the board. The cross peaked at 0.8675, hitting the highest level since Wednesday. It is …

The US dollar edges higher within range-bound holiday markets on Friday in an obviously quiet US trading session following the US Thanksgiving holiday. The American currency is near multi-month lows as the prospect of the Fed’s pace of policy tightening keeps impacting the dollar.Today has all the indicators of another …

Investors exhibit more interest in coming back into the S&P 500 and the Dow Jones Industrial Average surged on Friday, achieving gains despite the trading week that is shortened by holidays.The Dow surged 152.97 points, or 0.45% to 34,347.03, marking the third consecutive session with gains. The S&P 500 fell …

Contango is traditionally defined as the case where the commodity market witnesses prices for delivery at later dates that are higher than immediate exchange prices; that is to say, it is a market condition signaling oversupply and a situation where traders exploit the moment to buy for storing oil for …

This week’s coronavirus crisis has impacted West Texas Intermediate crude oil price, on fluctuating expectations about potentially lower demand. Meanwhile, the Eurozone is threatening to impose a cap on Russian oil exports and the floating performance of the US Dollar, all these factors are keeping WTI in a remarkably defensive …

The European Central Bank’s top economists are wrangling over the outlook for inflation and interest rates, leaving investors perplexed over the central bank’s next policy moves.Philip Lane and Isabel Schnabel, who lead the economic debate on the ECB’s board, gave contrasting views this week on whether the Eurozone central bank …

Gold is trading around $1751 per ounce at the time of writing versus the previous closing price; $1754.18 The US dollar’s weakness has helped gold price to test $1,780 per ounce. On the other hand, the Fed’s commitment to fight inflation with tighter monetary policy leaves space for future dollar’s …