Economic Report

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, …

The impact of Russia’s sudden block of natural gas taps to Europe has saturated manufacturers and businesses in fresh risks. Energy prices climbed so fast that some factory owners had to rewrite business forecasts six times in two months. Recently, some manufacturers have put a third of their employees on …

The dollar climbed to near 20-year highs against other major currencies on Monday, ahead of a slew of central bank meetings, including a meeting of the US Federal Reserve that is likely to approve another big interest rate hike. Exchanges were generally thin, with markets in London and Tokyo closed …

The dollar rose slightly against the yen on Thursday after data showed a more-than-expected recovery in US retail sales in August, while the Swiss franc reached its highest level against the euro since 2015. Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data …

The GBP/USD pair is expected to finish the current week with more than 1.50% losses, ahead of BoE’s and Fed decisions. The pair is trading at 1.14 at the time of writing versus Thursday’s closing price at 1.1395.The University of Michigan Consumer Sentiment improved versus the last month’s reading, while …

Oil prices fell on Thursday on demand concerns even after two influential international groups are still defending predictions for strong demand this year and next.Brent crude the international standard, fell 3.7%, to $90.65 a barrel, while West Texas Intermediate the US benchmark, fell 3.9%, to $85.02 a barrel. Both rose …