February marked the seventh straight month in which inflation outpaced income, raising doubts about consumer spending stamina, explained analysts at Wells Fargo commenting personal income and spending data released on Thursday. Even with inflation at a 40-year high, the 0.4% drop in real spending in February might be overstating the …

Risk-off flows in European equities coupled with downside in Eurozone yields weighed heavily on EUR/JPY on Thursday. The pair was last trading down 1.0% in the 154.50 area, a sharp reversal from intra-day highs closer to 157.00.A sharp drop in Eurozone yields coupled with downside in major European equity bourses …

US equities are recording losses in the North American session as Wall Street is about to finish March on a lower note. The S&P 500, the Dow Jones Industrial, and the tech-heavy Nasdaq Composite are falling between 0.30% and 0.43%, each one sitting at 4,576.32, 35075.94, and 15,014.01 respectivelyObviously, a …

Global stocks fell on Thursday as recession concerns and the Russian-Ukranian war curbed demand for risky assets, while oil prices plunged over $5 on news that the United States may release some of its emergency oil reserves.With Thursday’s drop, US and European stocks are set for their worst quarterly performance …

The Biden Administration will release 1M barrels per day in oil from the US Strategic Petroleum Reserve (SPR) over the next six months, according to a statement released by the White House on Thursday. The White House statement continued that the President will call on Congress to pass his plan …

Financial markets on Wednesday remained focused on the the continued weakening of the US dollar, where the DXY dropped a further 0.6% to the 97.80s, where it now probes mid-March lows more than 1.5% below earlier weekly highs. Economic DataPrivate sector employment in the US rose by 455,000 in March, …

The USD/JPY pair is hesitating in a narrow range of 121.32-122.24 as a broad-based buying in the Japanese yen is likely to over after the conclusion of the unlimited bond-buying program by the Bank of Japan. The four-day bond-buying program of the BOJ will conclude on Thursday. To curtail the …

WTI crude has advanced towards $106.40 but is likely to remain lackluster as investors are keeping eye on the outcome of the OPEC meeting, which is due on Thursday. The agenda of the OPEC meeting is likely to revolve around the elevation of the oil supply to contain the prohibited …

The British pound recovered some ground vs. the greenback as the market mood turned sour, courtesy of reports of the Kremlin saying that although Ukraine’s effort to fulfill some of Russia’s demands, peace talks have not reached a breakthrough. At the time of writing, the GBP/USD is trading at 1.3137.US …

Ukrainian Negotiator: Russia and Ukraine will resume peace talks online on 1 April. During the latest talks, Ukraine said the countries’ two leaders should meet, but Russia said more work needed to be done on a draft treaty. This follows a series of disappointing headlines around the peace talks with …