Traders in UK government bonds were unintentionally contributing to toppling Liz Truss from the premier position. So, what could be the next goal? Perhaps the logical next goal is to ensure that the successor of Truss will stick to the fiscal discipline required to prop up the UK’s fragile financial …

On Thursday, Federal Reserve Governor Lisa Cook said that inflation in the US is still remains unacceptably high and interest rates will need to keep rising to get it under control.According to Cook, “Inflation is too high, it must come down and we will keep at it until the job …

After UK PM Liz Truss resigned on Thursday, she became the shortest-serving prime minister in history. Attention is now set on the Tory leadership race.The election at the Conservative Party could take place Friday, Saturday and Sunday, according to UK newspapers. In case of having an outright winner, the new …

WTI futures are trading higher for the second consecutive day on Thursday, to depart the last two weeks’ downtrend. WTI crude has extended its recovery from Tuesday’s lows at $82.15 to session highs at $87.10 before retreating around $86.00 zone. The American crude is trading at $84.47 per barrel at …

The British Pound rallied on Thursday and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss announced her resignation just six weeks after she was appointed.At the time of writing the GBP/USD pair is trading at 1.129 …

The negative market mood erased Tuesday’s relative optimism. This sentiment has benefited the American Dollar on Wednesday, which extended its latest rally against major rival currencies.The trading day witnessed the release of fresh inflation reports that reminded traders of the high risk of a looming global recession.The EUR/USD pair finished …

Traders witnessed another day of battle for control of Bitcoin’s $19,200 support level, as there was seldom any change to the persistent choppy price action in the crypto market during trading on Wednesday.The US dollar’s Index, DXY, rebounded and so, spiked above 113 near midday after hitting a low of …

Stocks moved lower on Wednesday as Wall Street struggled to extend its rally amid a sharp rise in Treasury yields. The Nasdaq Composite lost 0.85% to close at 10,680.51. The S&P 500 ticked down 0.67% to 3,695.16. The Dow Jones Industrial Average slipped 99.99 points, or 0.33%, to finish the …

Gold has been plagued by accelerating decline. On Wednesday, the precious material also hit fresh three-week lows below $1,630. Gold is trading at $1,628.60 per ounce at the time of writing.Meanwhile, the USD rallies on Fed officials signaling further tightening and soaring US yields. Gold has nosedived nearly 1.5% so …

Federal Reserve Bank of St. Louis President James Bullard hinted at the possibility of raising interest rates by 75 basis points at each of its next two meetings in November and December. The US dollar bounced, it has from two-week lows on Wednesday with a rise in US Treasury yields …