US manufacturing slowed in December amid some cooling in demand for goods, but supply constraints are starting to ease and a measure of prices paid for inputs by factories fell by the most since early 2020 when the pandemic disrupted economic activity.The Institute for Supply Management (ISM) said on Tuesday …

According to new data from the Department of Labour, a record 4.5 million workers quit or changed jobs in November. Employees took advantage of better pay and benefits as labor shortages continue to remain major part of U.S. economy, while labour shortages have helped create one of the more worker …

OPEC and allies will have their twenty fourth meeting Tuesday to proceed with their plan to increase production by 400,000 barrels per month in January; the move was agreed to in December aiming at stabilizing the rising oil prices caused by low supply and global supply remains low. This may …

US Vice President Kamala Harris defended the Build Back Better (BBB) stimulus plan during an interview on CBS’ “Face The Nation” TV show. Harris stressed inflation and coronavirus as major concerns and top priorities in 2022. “The United States must address the rising cost of consumer goods”, she added.Risk sentiment …

The S&P 500 is flat in subdued trade on the final session of 2021, having slipped back under 4800 on Thursday. The index is on course to post an annual return of more than 27%.All the major US indices were powered higher in 2021 by massive fiscal and monetary stimulus …

The USD/CAD pair has dropped to fresh three-week lows during the New York session, trading at 1.2677. The last trading day of the year has a relaxed market mood; despite that Asian equities closed in the green territories with significant gains.European stock indices like the CAC40 and the FTSE 100, …

The USD/TRY pair is set to end the week 20% higher, though the rally has stalled at resistance in the 13.50 area. Traders and investors remain skeptical as President Erdogan continues to push “new economic programme” despite surging inflation.The Turkish lira has lost more than 40% of its value versus …

The first week of 2022 will have a busy schedule for economic data. In the US and Canada, employment numbers and ISM figures are due. The Federal Reserve will release the minutes from its latest meeting. Economists expect a net job creation of 30000 in Canada during December and NFP …

Market participants, investors, traders and economists have been warning against reading too much any market moves this week given year-end volatility and illiquidity. Investors kicked off the penultimate trading day of a volatile year on Thursday with a duet of anodyne, slightly better-than-expected indicators.Economic DataThe number of US workers filing …

Major currency pairs have managed to hold within familiar levels on Thursday, trading in a mixed manner amid thinned market conditions. Most financial markets will be closed on Friday, amid the New Year’s Eve holiday. Wall Street will operate normally, while the bonds markets will close earlier. Markets are likely …