Market Update

A market breakdown could have extensive economic consequences. The US central bank is believed to be aware of the necessity of being prepared to lend emergency support in the aftermath of the sanctions imposed on Russia, given the fact that the sanctioned country is undoubtedly one of the globe’s largest …

Gold has hit near one-month highs on Tuesday at just under $1980 and is on course for healthy on-the-day gains. The precious metal was supported as US yields pulled back in wake of evidence of easing Core CPI pressures. Gold bulls will now be eyeing a test of the $2000 …

The AUD/USD bulls back off as the US dollar firms up again. The Australian jobs will be a key event for this week, as will the Reserve Bank of New Zealand.At 0.7458, AUD/USD remains in bullish territory, higher by some 0.6% but is losing steam as the greenback recovers in …

Federal Reserve official said on Tuesday the central bank’s top goal is to reduce soaring inflation, and she expressed confidence the central bank can moderate price pressures without triggering an economic downturn.“Inflation is too high,” said Fed governor Lael Brainard, who is awaiting Senate confirmation to serve as the Fed’s …

The Bank of Canada is expected to announce its first oversized interest-rate hike in more than two decades after hawkish comments from the country’s top monetary policymakers and central bankers and growing signals that the economy is overheating. On Wednesday, the Bank of Canada will announce its decision on monetary …

UK PM Boris Johnson and US President Joe Biden agreed on the need to continue joint efforts to ratchet up the economic pressure on Russian President Vladimir Putin over his invasion of Ukraine, a Downing Street statement on Tuesday said, reported Reuters. The two leaders discussed the need to accelerate …

The WTI crude oil rebounded back above $100 per barrel to test its 50DMA on Tuesday, gaining more than $5.0 on the session. Traders cited risk-on flows, easing China lockdown fears and geopolitics as bullish for the price action.Oil prices have seen a strong rebound thus far this Tuesday, with …

The annual rate of inflation climbed to 8.5% in March, the highest level since 1981. Analysts at Wells Fargo point out that despite wide-ranging price increases again in March, they believe this likely marks the peak in post-COVID inflation. They expect demand for goods to waver as spending pivots back …

Inflation has proven to be one of the most blistering features of the covid economy, testing the White House and Federal Reserve. Gasoline prices hover around $4.00 a gallon for the least expensive grade at several gas stations in the nation’s capital on April 11, 2022 in Washington, DC. Prices …

Gold surges above March 24 high at $1966, and it aims to get back to the $2000 mark after US consumer inflation rose to levels last seen in 1981, amidst a mixed sentiment, courtesy of high global inflation, the Ukraine-Russia conflict, and China’s Covid-19 lockdowns. Gold is trading at $1967.93 …