European Central Bank governing council member and Dutch central bank head Klaas Knot said on Thursday that the bank could end its bond-buying programmes sooner if inflation continues to surprise on the upside. Knot added that it is now appropriate for the bank to prepare for gradual monetary policy normalization …

The US Dollar Index closed the second straight day in the positive territory and continues to inch higher on Wednesday but markets are likely to remain quiet ahead of the New Year holiday.Omicron stands as a downside risk in the housing market. A reading of pending home sales also out …

WTI’s US crude oil benchmark rises in the New York session by some 0.62%. The US crude oil benchmark, advances during the New York session, trading at USD 76.39. Oil investors reacted positively to Omicron-related worries, pushing WTI prices from USD 68.50 up to USD 77.20 in the last eight …

The USD/CAD is trimming some of Wednesday’s losses, down by 0.05% as COVID-19 worries ease, as studies have shown that leads to milder symptoms that could be treated outside the hospital.The USD/CAD has fallen during the New York session, trading at 1.2809. Investors’ mood is mixed, as US equity indices …

Elon Musk appears to have wrapped up a busy year of trading his Tesla shares Tuesday. He will end up with one of the largest tax bills in history to show for it.The Tesla CEO exercised options to buy another 1.6 million shares, and sold 934,090 of those shares for …

US Inventories rose rapidly as businesses sought to stock up for the holiday shopping season. Container ships are anchored off the ports of Long Beach and Los Angeles to unload imported goods. The trade deficit in goods surged by 17.5% in November to set an all-time high, largely reflecting faster …

On Wednesday, the British pound surges by 0.31%. Thin liquidity conditions, and the lack of economic data, currently exacerbate volatility in the last days of the year.The British pound rallies trading the New York session, trading at 1.3452 at press time. Investors’ mood is mixed, as depicted by European stock …

Major cryptocurrencies retreated amid concerns about the Omicron variant and holiday travel disruptions worldwide. Bitcoin traded 7.4% lower from 24 hours ago at around USD 47,849. The cryptocurrency was down more than 30% from its record highs at USD 68,990 in November. Bitcoin has had a volatile end of year.The …

Major cryptocurrencies retreated amid concerns about the Omicron variant and holiday travel disruptions worldwide. Bitcoin traded 7.4% lower from 24 hours ago at around USD 47,849. The cryptocurrency was down more than 30% from its record highs at USD 68,990 in November. Bitcoin has had a volatile end of year.Ether …

Gold prices scaled a one-month high on Tuesday as recent signs of rising inflation reinforced demand, although the safe-haven metal gave up some early gains due to a stronger US dollar.Gold dropped slightly by 0.2% to $1,807.21 an ounce by 2:40 p.m. ET, after hitting an intraday high of $1,819.85 …