Economic Report

The EUR/USD is pressured and teasing two-decade low marked earlier in the week. Russia’s Nord Stream gas pipeline leaks, in the Baltic Sea, renewed fears about Europe’s energy crisis, and at the same time raised recession-linked fears. The EUR/USD pair holds lower grounds around the yearly bottom marked on Monday, …

The British pound rebounded on Tuesday, but its trading was mostly built on hope, profit taking and higher British yields, leaving traders anxious about the broader implications of its record decline. With the dollar weakening, sterling rose by one percent in Asia to $1.0805, up nearly five percent from Monday’s …

The USD/CAD is holding in bullish territory with the US dollar spiking to fresh bull cycle highs. Market volatility has dented the high beta CAD in the face of weaker oil prices.The USD/CAD is up over 1.3% on the day as the pair tries to hold on to near the …

Capital controls and currency intervention will be among tools emerging Asians can use if rapid US interest rate hikes and the surging dollar force the risk of falling in a debt crisis. So, it is appropriate and helpful to compose the comprehensive picture of financial assets’ performance, last week from …

The British government bond yields surged by the most in one day in over three decades on Friday, the pound slid to a fresh 37-year against the American dollar after UK finance minister Kwasi Kwarteng laid out a series of tax cuts in a move that is meant to boost …

Gold has managed to hold firm despite the resurgence of the US dollar. Gold’s safe-haven appeal is still supporting the price within the familiar daily trading range.The gold price is settling in for the end of the North American session around flat for the day having traveled between a low …

The Japanese yen rose sharply Thursday, September 22, after authorities intervened in the foreign exchange market for the first time since 1998 to prop up the tumbling currency. The dollar fell to 140.31 yen, and fell in the last trading 1.2% to 142.37 in highly volatile transactions. The yen also …

The dollar soared to two-decade high on Wednesday after the Federal Reserve raised interest rates by another 75 basis points signaling more large increases at its coming meetings.The dollar’s gains were limited since the Fed decision was widely expected. Since US rates will be higher for longer, the trend remains …

Fed Chair Jerome Powell has said that “pain” could be required to suppress high inflation, implying that the Fed is willing to accept a recession in order to cool inflation. This is why Wednesday’s interest rate hike is more like dancing on a tightrope with a potential risk of dragging …

The Bank of England (BoE) will have its monetary policy decision. Accord points to a 50 bps rate hike, but a 75 bps is not ruled out.However, analysts at Danske Bank expect fewer hikes than priced in markets as they emphasize the rising recession risk in the UK. On Thursday, …