“The European Central Bank (ECB) is expected to raise the deposit rate for the first time in over a decade in July and bring it out of negative territory at its following meeting in September, despite a 30% chance of recession within a year,” per the latest Reuters poll of …

The S&P 500 dropped, dragged lower by a slide in megacaps including Tesla Inc., Amazon.com Inc. and Apple Inc. The risk of an economic slowdown amid price pressures and rising borrowing costs is still the major concern for markets.Equities fell back toward session lows in the last hour of trading …

The GBP/JPY has faded from a two-day rebound near 159.00 as traders await UK data during Tuesday’s Asian session. The cross-currency pair remains inside a one-month-old descending trend channel formation, recently firmer around the 50% Fibonacci retracement (Fibo.) of December 2021 to April 2022 upside.The GBP/JPY pair’s breakout of 50% …

The former Federal Reserve chairman warned of a coming economic morass in the next decade. Former Fed Chair Ben Bernanke warns in his new book that the United States could face simultaneous sky-high unemployment and inflation on levels not seen since the 1970s.Bernanke, who ran the US central bank from …

Geopolitically; EU ministers cannot reach an agreement on new sanctions against Russia as ECB’s Lagarde and Fed’s Powell get ready to deliver their speeches on Tuesday, meanwhile the EUR/USD pair holds modest gains above 1.0400, corrective advance could extend to 1.0470.The EUR/USD pair ended Monday achieving modest gains in the …

Silver price is rallying more than 2% in the day amidst falling US Treasury yields. Market sentiment has improved during the US session, a headwind for the dollar.Silver holds ground for the last two trading days and advances firmly in the US session, almost 2% up, and is closing at …

The GBP/USD is higher by 0.17% in midday US trading session, pulling away from the consolidation between 1.2150 and 1.2250 after travelling from a low of 1.2216 to a high of 1.2296 so far on the day. Global growth concerns have been the main focus at the start of the …

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 …