Forex Market

New Zealand’s prime minister, Jacinda Ardern, has said she is resigning, in an unexpected announcement that came as she confirmed a national election for October. At the party’s first caucus meeting of the year on Thursday, Ardern said she “no longer had enough in the tank” to do the job. …

European stocks were heading on Thursday to halt a series of consecutive gains over six sessions, after lackluster US economic data stoked fears of a global economic slowdown, and investor sentiment was also affected by non-negative European corporate earnings. The pan-European Stoxx 600 index was down 0.6 percent by 0815 …

The US Dollar closed with gains against most major rivals, ON Wednesday, reverting earlier losses when it traded at fresh lows. Global yields fell, initially weighing on the US Dollar, later reflecting risk aversion and rising alongside the dollar.Wall Street started the day with modest gains but ended up collapsing, …

Oil prices fell about 1% on Wednesday, abandoning early gains as worries about a probable US recession outweighed optimism that China’s lifting of COVID-19 curbs will fuel demand for crude in the world’s top oil importer.Brent futures fell 94 cents, or 1.1%, to settle at $84.98 a barrel. U.S. West …

Philadelphia Fed’s Patrick Harker, on Wednesday, said that he is willing for the US central bank to move to a slower pace of interest rate hikes as a reaction to some signals that denote how hot inflation is cooling.“High inflation is a scourge, leading to economic inefficiencies and hurting Americans …

The Fed needs to raise interest rates a “little bit” above the 5.00% to 5.25% range in order to bring inflation to heel, Cleveland Fed President Loretta Mester said on Wednesday, as she declined to disclose her preferred size of move at the upcoming policy meeting.“We’re not at 5% yet, …

Concerns that the federal government could hit its debt ceiling spiked after Treasury Secretary Janet Yellen sent a letter to party leaders in Congress urging them to raise the debt limit before the expected deadline on Thursday.Congress can prevent economic disaster by increasing or suspending the limit, as they have …

The Swiss Franc sharply rises versus US dollar and the Euro. Expectations about a less hawkish ECB do support the Swiss Franc, so far, the USD/CHF pair falls for the fifth consecutive day on Wednesday.The USD/CHF is falling by almost a hundred pips on Wednesday after trimming some losses during …

“Chair Powell is up to date with COVID-19 vaccines and boosters. Following Centers for Disease Control and Prevention guidance, he is working remotely while isolating at home,” a news release by the US Federal Reserve said on Wednesday. Powell, 69, is “experiencing mild symptoms,” according to the announcement. Powell’s most …

Retail Sales in the United States declined by 1.1% on a monthly basis in December. This follows November’s fall of 0.6% and misses consensus estimates for a 0.8% fall. Excluding autos, core retail sales also contracted by 1.1% during the reported month as compared to a 0.4% fall anticipated and a modest …