Market Update

Only one day away from an awaited second successive BoE rate hike, the British pound has been trading on the front foot. The GBP/USD pair has recently surpassed its 21DMA at 1.3557 before running into resistance ahead of the 1.3600 level.At current levels in the 1.3560 territory, the pair trades …

Under strong pressures to act against surging inflation, the Bank of England looks ready to explain how it will reduce the vast pile of British government bonds it has bought over the last decade in repeated attempts to stimulate the economy.Most economists polled by Reuters think the BoE will on …

Markets are not expecting much from Thursday’s ECB meeting, but it could be positive for the EUR/USD. In December, the European Central Bank laid out plans for 2022, most notably ending the PEPP. The ECB is widely expected to leave its policy settings unchanged following the January policy meeting. In …

Employment in the US private sector fell by 301,000 in January, monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday, marking only the second month-on-month drop in employment since April 2020 when the US first went into lockdown. That was a huge miss on consensus …

Oil prices jumped on Wednesday towards a seven-year high hit last week as the United States’ move to drain its crude inventories underlined high demand and tight supplies, but investors remained cautious ahead of the OPEC+ group meeting later on Wednesday. Brent crude rose 23 cents, or 0.26 percent, to …

The euro rose on Wednesday for a third consecutive day, after hitting a 20-month low last week, as markets awaited inflation data in the eurozone for clues about the European Central Bank’s next move. The euro has come under pressure recently, falling 8 percent in three months, amid expectations that …

The US public debt has crossed the $30 trillion barrier for the first time ever, with government lending accelerating during the “Corona” pandemic to contain the virus’ repercussions on the economy. According to US Treasury data released on Tuesday, the US public debt has risen by about seven trillion dollars …

European shares rose for the third session in a row on Wednesday, recovering about half of their losses in January, as the positive impact of strong corporate results outweighed the impact of concerns about rising interest rates ahead of the European Central Bank’s decisions expected on Thursday. The pan-European Stoxx …

Japanese stocks closed higher on Wednesday after an overnight rally in US stocks improved risk appetite, prompting investors to buy stocks that saw last month’s sell-off and stocks of companies with strong expectations. The Nikkei index rose 1.68% to close at 27533.60 points, while the broader Topix index rose 2.14 …

Nasdaq futures rose in overnight trading on Tuesday, after the technology-focused average gained for the third day in the regular session. Dow futures fell 40 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.75%.Google-parent Alphabet rose more than 7% in extended trading after the company beat on …