The United States Federal Reserve on Wednesday decoded to maintain interest rates at a historical low range near 0%. In addition, the Federal Open Market Committee (FOMC) decided to maintain the current pace of asset purchases at $120 billion per month, in line with the quantitative easing policies. As expected, …

Crude oil inventories in the United States increased by 100,000 barrels last week, according to data by the U.S. Energy Information Administration (EIA). The EIA’s weekly report released on Wednesday showed that gasoline inventories rose by 100,000 barrels, while distillate stockpiles decreased by 3.3 million barrels in the week to …

Canada’s retail sales increased by 4.8% to $55.1 billion in February, data showed on Wednesday. Core retail sales rose by 3.8% in February, registering its first monthly increase after two consecutive declines, according to data by Statistics Canada. A preliminary reading for March indicate a 2.3% increase. In volume terms, …

The United States trade balance of goods registered an increase in its deficit during March, for the third consecutive month, data showed on Wednesday. The goods trade deficit increased by 4% to reach a new record high of $90.6 billion last month, according to the U.S. Census Bureau.

Wholesale inventories in the United States rose by in March, data showed on Wednesday. Early estimates show that U.S. wholesale inventories increased by 1.4% last month, while retail inventories declined by 1.4%.

The New York Stock Exchange (NYSE) closed mostly lower on Tuesday, following a surge by two major indices, namely the S&P 500 and Nasdaq Composite, to new record closing highs. The Dow Jones Industrial Average closed marginally higher by 3.36 points, or 0.01%, at 33,984.93 points. The S&P 500 index, …

Treasury bond yields in the United States rose on Tuesday to their highest level in about two weeks, amid anticipation for the outcomes of the Federal Reserve meeting. It is expected that U.S. monetary policymakers will maintain the current policy and signal a commitment to the current interest rates and …

Oil prices rose on Tuesday to close at their highest level in about a week, following a decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies to extend its production policy. In an early meeting, held ahead of schedule, which surprised the market, the OPEC+ alliance …

Gold prices finished lower on Tuesday, amid anticipation for the outcomes of the Federal Reserve policy meeting. Positive performance by the U.S. Dollar (USD), supported by a surge in consumer confidence to a 14-month high, led to lower demand for safe-havens. Gold futures for June delivery closed lower by $1.30, …

Ethereum surged on Tuesday to a new record high near $2,684. The second-biggest cryptocurrency in the world, after Bitcoin, is now up by around 7.3% on a daily basis at 2,645, extending its gains over the past seven days to about 14.10%. Recent news suggested that JPMorgan Chase plans to launch …