Recession is generally defined by two consecutive quarters of economic shrinking. The US economy squeezed by 1.4% in the first quarter of 2022, so it would only take another one to have an official downturn. Not so fast – not a recession, nor the dollar. The US economy grew by …
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The relentless USD buying pushed USD/CAD to a fresh multi-week high on Thursday. The disappointing release of the US GDP capped the upside for the USD and spot prices. Softer crude oil prices, aggressive Fed rate hike bets support prospects for further gains.The USD/CAD pair trimmed a part of its …
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The annualized pace of US real GDP growth in Q1 2022 came in at a negative 1.4%, according to data released by the US Bureau of Economic Analysis on Thursday. That was a big miss on expectations that the economy had grown at an annualized pace of 1.4% in Q1 …
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Russia’s aggression in Ukraine is causing enormous suffering. It is also affecting the economy, in Europe and beyond. The conflict and the associated uncertainty are weighing heavily on the confidence of businesses and consumers. Trade disruptions are leading to new shortages of materials and inputs. Surging energy and commodity prices …
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Japanese stocks rose on Thursday after the Bank of Japan renewed its commitment to ultra-accommodative monetary policy and investors were relieved that no surprises would negatively affect the stock market. The Nikkei index rose 1.75 percent at the close, recording 26,847.90 points, the largest daily increase since April 13, after …
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The Bank of Japan was expected and has maintained its key interest rates at today’s meeting, continuing to defend low rates with bond-buying but is uber dovish and pessimistic in its guidance. The yen is now pushed above 129 the figure toughing a 20-year high and that is where it …
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Wednesday witnessed a sharp reversal of recent yen strength, which lacked a clear trigger. Meanwhile, the US dollar has reclaimed the top spot in the daily G10 performance table, and saw the trade-weighted US Dollar Index (DXY) hit fresh more than five-year highs. The Dollar Index rallied to the north …
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US Treasury yields surged at the long end on Wednesday after the prior day’s rally as investors awaited greater clarity on the “restrictive” policy the Federal Reserve plans to pursue next week to combat inflation by curbing economic growth.This week a lot of the price action you’ve seen in bonds …
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The NZD/USD pair is down by 0.33% from a high of 0.6590 but has consolidated into the close in the North American session above the tailspin lows of 0.6527. The pair has been pressured on Wednesday ahead of key data for the US on Thursday and the Federal Reserve next …
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WTI crude oil continues to trade near $100 as market participants weigh European energy security developments versus China demand/global growth fears.The latest US inventory figures gave WTI some short-lived upside with the US SPR falling to its lowest since 2002. After posting a solid recovery on Tuesday following Monday’s brief …
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