Treasury yields were little changed to lower Monday morning as weak factory data in the US and an unexpectedly big drop in retail sales in China reinforced concerns about a global slowdown.Weak data from China also underscored worries about a demand slowdown, sending oil futures lower in the New York …

Earlier this month Fed Chair Jerome Powell announced a half-percentage-piont increase in interest rates, the largest hike in over two decades. Powell also indicated that he wouldn’t hesitate to do it again — a move straight out of the central bank’s 1994 playbook, when the Fed last tempered the US …

The Gold Index has recovered some ground after earlier slipping below the $1800 mark on Friday, on higher US Treasury yields, which during the session are sliding, thus lifting the prospects of the non-yielding metal. XAU/USD is trading almost flat, around $1811.02 a troy ounce.As for market sentiment, the rhetoric …

The NZD/USD pair has climbed to 0.6295 during the American session touching its highest level since Thursday. The pair is surging as the USD dollar’s strength takes a pause and amid lower US Treasury yields.The Dow Jones Index has fallen by 0.27% but still holds to most of Friday’s rally. …

BoE Governor Andrew Bailey on Monday said that food prices are a major worry for the UK and developing world, reported Reuters. Speaking alongside Bailey at a House of Commons Treasury Committee, BoE’s Michael Saunders said that inflation would still be well above the bank’s target this year even if …

On Friday, financial markets witnessed some kind of improvement in risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Economic Data Risk sentiment is the key market mover on Friday. Economic data from the US showed a larger-than-expected …

Wall Street surged on Friday to close higher after a week’s wild market rotations. The surging US equities received a push from relief signs denoting that peaking inflation vied with concerns that policy tightening by the Fed could slope the US economy into unwanted recession.Equity gains were led by a …

The Bank of England will possibly need to hike interest rates more sharply than financial markets expect in order to get tame soaring inflation according to a former policymaker.The BoE’s Monetary Policy Committee raised its key interest rate four times since December to 1%, it is so the highest aggregate …

Loretta Mester is a voting member of the Federal Open Market Committee this year. Mester said, on Friday, that the Fed needs to practice pressure ahead with aggressive rate hikes, and that by early fall, this year, the US central bank perhaps could be able to eventually decide whether its …

The Russian currency has reportedly made large gains in spite of the sanctions imposed on Moscow by the United States and Washington’s allies.The US and EU attempted to cripple the Russian economy, but the value of the ruble is heading up. After two months of imposing state-crushing sanctions, the ruble …