Economic Report

Oil edged higher in the volatile US trading session on Friday. For the week, oil is flat as crude prices are boosted by expectations of lower Russian exports. WTI is seemingly pressured by rising US inventories as well as concerns over global economic activity.Brent crude futures earlier traded at $83.16 …

The Fed will unlikely bring down inflation without having to raise interest rates ‘significantly’ higher, causing a recession, according to a research paper released on Friday.Former Fed Governor Frederic Mishkin is one of the authors of the white paper that examines the history of central bank efforts to create disinflation. …

The US Dollar has benefited from Thursday’s hawkish data. The USD/JPY pair’s price is capped by the 135s so far and a move below 134.50 will be key for the week ahead. The USD/JPY pair is trading at 134.72 at the time of writing in the afternoon on Wall Street …

Gold price triggered another bearish run after FOMC Minutes showed a hawkish stance by Fed officials. The US dollar stays dominant across the board despite US Gross Domestic Product disappointing on the second estimate for Q4 2022.Gold price keeps trending lower on Thursday after a bearish Wednesday, where the precious …

Rates may need to increase significantly, according to the February Fed minutes. Despite a holiday-shortened business week, there will still be plenty of market-moving information available. On Wednesday, the FOMC minutes will be made public, and on Friday, PCE inflation data and the University of Michigan Inflation Forecasts will be …

Deutsche Telekom reported better-than-expected fourth-quarter earnings on Thursday, citing customer growth in Germany and strong performance from T-Mobile US, and forecast a slight rise in profits this year. Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of 9.96 billion euros ($10.58 billion) for the quarter, slightly …

On Wednesday, the dollar index rose by +0.39%. The dollar moved moderately higher and is just below last Friday’s 6-week high. A slump in stocks Wednesday boosted the liquidity demand for the dollar. Also, the hawkish minutes of the Jan 31-Feb 1 FOMC meeting supported the dollar, with policymakers anticipating …

Oil extended its losses on Wednesday on expectations that the Federal Reserve will signal that it will continue to raise interest rates in comments it will issue on Wednesday, raising concerns about slowing economic growth as well as demand for crude. Brent crude futures for April delivery were down 23 …

On Wednesday, February 22, the first FOMC Minutes in 2023 will be released. Supported by aggressive Fed rhetoric and rising T-yields, the US Dollar Index is expected to record monthly gains. The majority of traders and investors will scan the impending release for comments and quotes referring to the Fed’s …

Brent crude oil retreated about than 1% in a volatile session on Tuesday as persistent concerns about global economic growth outweighed supply curbs and prompted investors to take profits on the previous day’s gains.The focus in the wider financial market is firmly on the release on Wednesday of the minutes …