Forex Market

Baker Hughes reported, Friday, that the number of active U.S. rigs drilling for oil rose by seven to 461 this week.The new figures followed increases in each of the previous three weeks, including a climb of four oil rigs last week, Baker Hughes data shows.The total active U.S. rig count, …

It is becoming more and more obvious that the current historic inflation levels have ignited growing calls to speed taper. The US Federal Reserve is setting the scene for a new debate between hawkish and dovish approaches regarding the stimulus withdrawal, tapering and interest rate hike. Major peers, such as …

Oil prices continued to trade sharply lower on concerns that Europe’s COVID cases increase could lead to lockdown anew and could hurt energy demand.Federal Reserve Board of Governors member Christopher Waller said on Friday that the rapid improvement seen in the labour market and high inflation makes him favour faster …

`About 65% of Americans now view their economy as poor, according to a poll by The Associated Press-NORC Center for Public Affairs Research. Almost all predictions indicate that inflation will continue to rise over the next months, this applies to fuel, electricity, food costs and every household purchase, but Wall …

The EUR/USD pair considerably fell Friday, dropping below the 1.13 level as coronavirus infections in Europe are getting worse every day. Rising inflation combined with a deteriorating pandemic and ultra-dovish ECB policy, in terms of tapering stimulus are among multi factors leading to a lockdown inflation spiral, eventually getting out …

The looming return of lockdowns to contain Europe’s latest wave of Covid-19 cases poses risk on economic recovery and postponement of the timetable for the ECB’s wind down of emergency stimulus. Euro zone bond yields dropped on Friday and Germany’s entire yield curve fell into negative territory for the first …

German central bank head set up a clash over Eurozone monetary policy warning that inflation is to stay above the ECB’s target for longer than expected.Jens Weidmann told a banking conference in Frankfurt on Friday: “Given the considerable uncertainty about the inflation outlook, monetary policy should not commit to its …

Baker Hughes reported, Friday, that the number of active U.S. rigs drilling for oil rose by seven to 461 this week.The new figures followed increases in each of the previous three weeks, including a climb of four oil rigs last week, Baker Hughes data shows.The total active U.S. rig count, …

Central banks in different countries can usefully share analysis and may adopt similar policies in response to common global shocks, but explicit coordination would likely do more harm than good, Federal Reserve Vice Chair Richard Clarida said on Friday.The Fed official signaled skepticism toward adopting coordinated interest-rate policies among major …

Renewed concerns about COVID-19 in the face of looming European lockdowns impacted a range of sectors Friday, pushing stocks and oil down. This latest news boosts the US dollar.Stocks have been shaken in morning trading on Wall Street Friday and major indexes were on track for a mixed finish to …