Market Update

Gold prices fell below $1,980 an ounce on Monday, as traders braced for an upcoming Federal Reserve interest rate hike that pushed 10-year US Treasury yields above 2%. The US central bank is widely expected to raise interest rates by 25 basis points at the end of its two-day meeting …

The number of people claiming jobless benefits fell by 48.1K in February when compared to -31.9K booked previously. The claimant count rate came in at 4.4% last month vs. 4.6% prior. The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate arrived at 3.9% in January …

A US Treasury official said on Monday that Russia’s default on its sovereign debt would put Russia’s economy and financial system in further trouble, making it difficult for Moscow to find new lending sources and raising future borrowing costs. The official told Reuters that the Treasury believes that there is …

The World Bank on Monday announced it is making about $200 million in additional funding available to strengthen social services for people in need in Ukraine, on top of the $723 million it approved last week. The financing is part of a $3 billion support package that the World Bank …

The Japanese Ministry of Finance said Tuesday, March 15 that Japan has decided to freeze the assets of 17 new Russian individuals. The ministry added that the targets of the new sanctions include 11 deputies of the Russian State Duma and five members of the family of banker Yuri Kovalchuk, …

Once again, Dogecoin spike can be attributed to nobody other than Elon Musk. Just after midnight on Monday morning, in a Twitter thread about inflation, the Tesla CEO tweeted that he “Would Not” be selling his crypto holdings, which includes unknown quantities of Dogecoin, Bitcoin, and Ether. Minutes later, Dogecoin …

Market players tried to remain optimistic about a potential diplomatic solution to the Russia-Ukraine conflict but peace talks yielded no results.The positive sentiment diluted as the day went by, with Wall Street ending the day in the red territory after a strong opening.Economic DataThe economic calendar on Monday witnessed no …

The DXY is struggling around 99.30 in the absence of any potential trigger that could bring an impulsive wave. Any Chinese aid to Russia may heighten the risk-aversion across financial market.Fed’s interest rate policy will be the mega event that investors will look upon. The US dollar index is failing …

Russia’s economy has been suffering long before the invasion of Ukraine. That suffering is now increasing but a total collapse is unlikely. It looks like Russia has built an economy that is geared for conflict.The Russian government’s involvement in the economy, and the money it continues to make from oil …

Soaring energy prices raised recession alarm bells around the world. But another economic indicator is starting to look threatening: The yield curve is flattening. Wall Street closely watches the difference, or spread, between short-term government bond yields, most notably the 2-year Treasury, and longer-term bond rates like the 10-year Treasury.As …