European Central Bank Vice President Luis de Guindos said on Monday that they have seen inflationary pressures broaden and intensify across many goods and services in recent months.The EUR/USD pair showed no immediate reaction to these remarks and was last seen trading flat on the day at 1.0430.Key Quotes“Elevated inflation …

Financial Markets’ Weekly Recap, June 27 – July 1 Last week, financial markets sent several warnings that global economic growth slowdown is looming and recession has become most probable, however there is no general agreement among market participants on ‘when’ entering into recession could take place.  Gold As trading kicks …

Investors and traders do monitor potential headwinds in loan growth and credit quality in the banking sector as JPMorgan Chase & Co. JPM, +1.28% and Morgan Stanley MS, +0.91% are scheduled to report earnings on Thursday, July 14, as the first two of the big-six US banks. US equities finished …

Citigroup Inc. C, +1.91% and Wells Fargo & Co. WFC, +1.91% both report earnings on Friday, July 15, while Bank of America Corp. BAC, +1.38% and Goldman Sachs Group Inc. GS, +0.74% weigh in on July 18. The detachment between healthy business performance and poorly share prices in 2022 seems …

US equities ended a choppy session higher on Friday, as equities steadied after their worst start to the year in decades. The S&P 500 rose by about 1.1% to end at 3,825.33 after fluctuating between gains and losses throughout the session. The Dow Jones Industrial Average added 322 points, or …

The Euro is expected to mark an outside-weekly reversal against the US Dollar with EUR/USD plunging more than 1.3%. The price approaches support into the start of 2022 third quarter with the technical considerations highlighting the threat for further losses in the weeks ahead. In last month’s Euro Weekly Price …

The AUD/USD pair reached a new YTD low at around 0.6776. US ISM Manufacturing PMI for June continued expanding but at a slower rhythm.At 0.6821, the AUD/USD stays depressed and ready to finish the week with substantial losses of 2%. The mixed market sentiment and a pullback in the US …

The USD/CHF is about to finish the trading week with decent gains of 0.39%. Risk-aversion dominates Friday’s US session, as throughout the whole week. The USD/CHF pair also accelerates and reclaims the 0.9600 figure after negative US economic data, showing that the economy, although expanding, is doing it at a …

The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count slid to 750 this week—275 rigs higher than the rig count this time in 2021.Oil rigs in the United States …

Data released on Friday showed the ISM Manufacturing PMI dropped more than expected in June to 53, the lowest level in two years. According to Wells Fargo’a analysts the details of the report demonstrate slower activity in the manufacturing sector, but also that supply problems continue to ease, but only …