Oil prices dropped on Tuesday, following other risk assets’ downtrend, while the US dollar remains strong and investors anticipate more central bank interest-rate hikes designed to contain inflation.The US Federal Reserve is expected to raise interest rates by another 75 basis points on Wednesday in an additional step aiming at …

According to the Federal Reserve of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 0.3% in the third quarter, down from 0.5% in the previous estimate.“After this morning’s housing starts report from the US Census Bureau, the nowcast of third-quarter residential investment growth …

US stocks slid on Tuesday as the Fed kicked off its two-day policy meeting and Wall Street looked ahead to another large rate hike, to be announced on Wednesday.The Dow Jones Industrial Average fell 340 points, or 1.1%. The S&P 500 shed 1% and the Nasdaq Composite slid 0.7%.The Federal …

The week has got a lot of volatility and most assets are in slow motion with an almost empty macroeconomic data. The UK was on holiday honoring the funeral of the late Queen Elizabeth II. Fifteen major central banks will announce their policy decisions later the week.Economic DataMonday’s U.S. economic …

prices are surging five times faster than the UK central bank’s 2% target, so, the sterling falls on daily basis, and accordingly, policy makers led by Governor Andrew Bailey face accelerating pressure to step up the pace of monetary tightening.This week, the Bank of England will consider whether to pursue …

Oil prices have advanced slightly amid higher volatile trading on Monday, as worries of tight supplies outweighed fears of global economic slowdown and likely large increases to interest rates.Brent crude for November rose 65 cents, or 0.7%, to $90.6 a barrel, while US West Texas Intermediate (WTI) for October was …

The dollar index (DXY00) on Monday fell -0.04%. The dollar also gave up an early advance and fell slightly after stocks recovered from overnight losses and moved higher, which curbed liquidity demand for the dollar. Earlier on Monday, the American currency initially rose moderately after the 10-year T-note yield climbed …

The impact of Russia’s sudden block of natural gas taps to Europe has saturated manufacturers and businesses in fresh risks. Energy prices climbed so fast that some factory owners had to rewrite business forecasts six times in two months. Recently, some manufacturers have put a third of their employees on …

The financial markets’ focus is still on major central banks as the US dollar and Treasury yields continue to dictate their saying. Gold prices encounter some pressure at the start of this week, earlier on the day, prices were sliding by 0.20% after falling from $1679 high to $1,659 low …

The earnings-related warning -announced by FedEx last week caused most stocks to crash 20% by the closing bell on Friday.FedEx was founded in 1971 by billionaire businessman Fred Smith. Friday’s warning has a definite meaning, that is the US economy is currently challenging.However; analysts are split into two groups, the …