As traders are still betting on the pace of tightening by the Federal Reserve, stocks climbed to another record and bond yields retreated.Technology and retail shares drove gains in the S&P 500, while the Nasdaq 100 extended its rally into a ninth straight day; the longest winning line of successive …

The gold market is stuck in a hard day, with prices trading in a narrow range between $1,750-$1,800 an ounce.There is no driver strong enough to push gold below $1,750 an ounce or above $1,800 an ounce, there’s certainly an apprehension to sell gold after Jerome Powell’s statements to the …

USD/CAD is currently trading at highs of the day slightly tend to uptrend to 1.2450 per barrel mark, sharply up from Asia Pacific session lows around the 1.2400 level, the pair is trading as a function of oil prices more than anything else. Crude oil prices have reversed sharply from …

All expectations that tightening signals by BoC and RBA would push the world’s biggest monetary policy actors to accelerate their own timelines for rate hikes ran into a wall with the U. S. Federal Reserve and European Central Bank saying they would not hike interest rates so fast.Rate futures and …

The British pound was hit rather hard during the course of the trading session on Thursday as the Bank of England has decided not to raise interest rates. Although the market had been trying to price in some type of hike, the question now is whether or not 1.35 can …

After enhanced unemployment benefits expired and schools re-opened, workers were expected to go back to work and the U. S. labor shortage was also expected to ease significantly by September. But recent data suggest that the shortage is getting more severe.Though the risk of a severe shortage continuing into 2022 …

Solid domestic demand in the U. S. has caused import growth to outpace exports for the most of the past year, according to Wells Fargo.Analysts pointed out that with consumption slowly rebalancing back toward services spending, imports should eventually slow and provide some relief at U. S. largest ports. Industrial …

As widely anticipated, OPEC+ has agreed to stick to their existing plan to increase output by 400K barrels per day/month in December. Despite this news, trade has been uneven over the last hour, with oil prices having fallen back sharply from earlier highs. Front-month WTI futures, which were above $83.00 …

Inflation in the U. K. could become out of control, pushing workers to demand higher wages to protect their living standards. Any spiral of higher wages could, in turn, lead to higher inflation, which ignites concerns of all central banks.There exists also a growing sense among some policymakers that the …

While U. S. President Joe Biden and other world leaders in Glasgow continue efforts to fight climate change, OPEC ministers meet today under mounting pressure from Washington, New Delhi and Beijing to pump more crude oil, and here lies a significant paradox.OPEC meeting, Thursday, is poised to defy the U. …