Russian President Vladimir Putin on Wednesday said that Western plans to suffocate Russia’s economy with sanctions have failed, reported Reuters. Putin accused the West of wanting to cut Russia up into different pieces and accused the West of pushing Ukraine into a conflict with Russia. Putin reiterated that Russia will …

US Pending Home Sales fell by 1.2% MoM in March, less than the expected 1.6% drop, after sales fell 4.0% in February, the latest figures from the National Association of Realtors showed on Wednesday. That meant the US Pending Home Sales index fell to 103.7 in March, from 105.0 a …

The Bank of Japan will hold its policy meeting on Thursday, April 28 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks.The BoJ is unlikely to announce any changes to its monetary policy …

The US economy probably will grow 3.1% this year even as the Federal Reserve tightens monetary policy to quell inflation, Goldman Sachs said in a forecast on Friday.That would be the second-fastest pace in 17 years, following 2021’s 5.7% spike in GDP. The unemployment rate probably will fall to 3.3% …

Forex trade was again dominated by risk-off on Tuesday, with the safe-haven yen and US dollar’s outperforming, as US equities cratered. Investors and traders cited everything from economic and military tensions between Russia and the NATO to China lockdown risk and worsening global growth expectations in addition to the anticipated …

The USD/CAD pair is witnessing some signs of exhaustion after a bulldoze upside move from the previous week’s low at 1.2458. The asset has been scaling higher as negative market sentiment has been underpinning the safe-haven assets. While exhaustion signals at monthly highs of 1.2830 could be tagged to a …

Federal Reserve Governor Lael Brainard won confirmation in the US Senate on Tuesday to be the US central bank’s next vice chair, a week ahead of a key Fed meeting where policymakers are expected to ramp up their battle against inflation with a big interest-rate hike and the start of …

The USD/CHF pair has rallied for the third consecutive day and reached a 21-month high at 0.9626. However, as the Asian Pacific session begins, on Tuesday, the USD/CHF print modest losses of 0.06%, down from YTD highs, and is trading in the high 0.9610s.The market mood soared on the back …

Oil prices settled higher on Tuesday, rebounding in volatile trading environment as traders and investors weighed China’s plans to support its economy against a possible coronavirus lockdown in its capital Beijing.Brent crude futures settled up $2.67, or 2.6%, at $104.99 a barrel, while US West Texas Intermediate contracts were up …

A digital currency sanctioned by the Bank of Canada would likely come in a basic format and rely on private sector innovation to add capabilities, the central bank official overseeing research into a potential digital Canadian dollar told a U.K. cryptocurrency conference on Tuesday.BoC Deputy Governor Timothy Lane shared his …