There were 166,000 Initial Jobless Claims in the US in the week ending on 2 April, the latest release from the US Department of Labour on Thursday showed, a record low.That was well below the median economist forecast for a reading of 200,000 and a steep drop from the prior …

Inflation in the Eurozone is high and the European Central Bank may soon need to raise interest rates as a result according to statements by Bundesbank President Joachim Nagel on Wednesday.“What we are seeing at the moment suggests that savers may soon be able to look forward to higher interest …

WTI futures have been vulnerable in the past few trading sessions. Crude oil has witnessed a steep fall after recording a multi-year high at $126.51. For the first time in 2022, the asset has closed below the 50-period Exponential Moving Average (EMA), trading at $98.36.On the daily scale, crude oil …

Tightening has become a noteable key word across financial markets, as US government bond yields extended recent gains on Wednesday, with growing evidence that the Fed is planning to rapidly raise interest rates and reduce its bond-holdings lifting the 10-year Treasury yield above 2.6%.Yields, which rise when bond prices fall, …

US President Joe Biden’s administration has imposed new economic sanctions Wednesday on Russia that will include Russian President Vladimir Putin’s daughters in response to Ukraine’s invasion.Daughters of Putin and his ex-wife, Maria and Katerina face sanctions that will cut them off from the US financial system and freeze any assets …

Gold price is under pressure on Wednesday but contained within a familiar range as it continues to trade sideways on the daily chart. Gold is trading at $1,922.10, XAU/USD; down by 0.06% and has travelled between a $1,933.58 high and a $1,915.08 low. Gold price is firming up in what …

The commodity currencies were the hardest hit immediately after the release of the Federal Open Market Committee minutes. USD/CAD rallied after a knee-jerk blip to the downside and reached a high of 1.25558. Simultaneously, in another blow to CAD, WTI futures settled at the lowest level in around a month. …

The US Federal Reserve unveiled the Minutes of its latest meeting, which reminded market players of the aggressive stance of the central bank. Policymakers are determined to move the monetary policy to neutral “expeditiously.” Additionally, the statement reads: “participants also noted that depending on economic and financial developments, a move …

The Treasury secretary, testifying before a House committee, said the US would continue finding ways to punish Russia for its invasion of Ukraine.Treasury Secretary Janet L. Yellen said that the United States would continue taking steps to cut Russia off from the global financial system, even as many European countries …

The gold price is under pressure on Wednesday but contained within a familiar range as it continues to trade sideways on the daily chart. At the time of writing, at $1,922.10, XAU/USD is down 0.06% and has travelled between a high of $1,933.58 and a low of $1,915.08. The US …