On Wednesday, US stock indexes turned higher and rebounded, largely helped by sliding Treasury yields from multiyear highs, and a surprise intervention from the Bank of England in the UK gilt, or government-issued bonds market, but Wall Street stocks were still in danger of recording a seven-day losing streak.On Tuesday, …

It was reported on Wednesday that British Finance Minister Kwai Kwarteng will not resign over the market reaction to the fiscal plan and added that there will no reversal of policy.Meanwhile, the Bank of England announced the gilt market intervention amid growing fears overs insolvencies of pension funds by as …

The US dollar has further benefited from the recession-linked woes. Early Tuesday, the dollar received a further push from better-than-expected US data, on the contrary, Wall Street exhibited poor performance amid sour market sentiment.US bond yields started the day retreating from multi-year highs, picking up after the US session’s opening …

The EUR/USD is pressured and teasing two-decade low marked earlier in the week. Russia’s Nord Stream gas pipeline leaks, in the Baltic Sea, renewed fears about Europe’s energy crisis, and at the same time raised recession-linked fears. The EUR/USD pair holds lower grounds around the yearly bottom marked on Monday, …

European Commission chief Ursula von der Leyen on Tuesday said the leaks of the Nord Stream pipelines were caused by sabotage.The EU’s official also warned of the “strongest possible response” should active European energy infrastructure be attacked.Ursula von der Leyen spoke to Danish Prime Minister Mette Frederiksen on the sabotage …

Bitcoin price is attempting to recapture $20,000 as support failed, the most famous cryptocurrency is trading at $19,045, namely below $19,100 but data still reveals some positive news. Earlier on Tuesday, markets briefly flashed green as equity markets bounced back from Monday’s pullback, bringing the Bitcoin price back to the …

Gold is trading at $1629.30 per ounce at the time of writing versus Monday’s closing price of $1622.15. Gold price is relatively higher on the day as markets head into the close of Wall Street. The yellow metal gained ground on Tuesday as bulls moved in at the lowest levels …

Fed Chair Jerome Powell warned that taming inflation would mean some “pain” to US households and businesses. So far, the pain materialized in retreating stock values and higher borrowing costs business investments, and credit-card purchases. But the pain could also include surging unemployment, and the consequences thereof.Fed’s newly aggressive rate-hikes …

The USD/CAD pair edges up but it earlier on the day it was still below the Year-To-Date highs at around 1.3730s, afterwards, it is trading at 1.34447 at the time of writing. Truth to say that US economic data was positive, supportive of the Fed’s current policy stance.The US CB …

More pain for equities seems to constitute a new status quo. Wall Street’s main indexes sank deeper Tuesday after earlier rally in stocks on positive economic data. The latest retreat comes after Fed policymakers defended more interest rate hikes even at the risk of slowing economic growth.The benchmark S&P 500 …