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The NZD/USD pair has climbed to 0.6295 during the American session touching its highest level since Thursday. The pair is surging as the USD dollar’s strength takes a pause and amid lower US Treasury yields.The Dow Jones Index has fallen by 0.27% but still holds to most of Friday’s rally. …
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May, 2022
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16 May 2022 7:11 pm
BoE’s Bailey: Food prices worry UK
BoE Governor Andrew Bailey on Monday said that food prices are a major worry for the UK and developing world, reported Reuters. Speaking alongside Bailey at a House of Commons Treasury Committee, BoE’s Michael Saunders said that inflation would still be well above the bank’s target this year even if …
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16 May 2022 4:53 pm
Agency: Russian oil production rises 1.7% month-on-month in May so far
Russia’s average production of oil and gas condensate increased by about 1.7 percent on a monthly basis to 1.4 million tons per day (10.25 million barrels per day) in the first half of May, Interfax news agency reported, citing a source. It also said that Russian oil exports – excluding …
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16 May 2022 3:43 pm
Gold falls to its lowest level in three and a half months
On Monday, gold prices fell more than one percent to their lowest levels since late January, as the dollar’s strength continued to affect demand for the yellow metal, which is denominated in the US currency. And gold fell in spot transactions 0.8 percent to $ 1797.82 an ounce (an ounce) …
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16 May 2022 1:59 pm
European shares fall on recession fears
European shares opened lower on Monday, with French shares down nearly 1 percent, after weak economic data from China fueled fears of a global recession. The pan-European Stoxx 600 index fell 0.6 percent by 0715 GMT, after posting its first weekly gain in five weeks on Friday. China’s April retail …
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16 May 2022 12:48 pm
The dollar starts the week on a strong note
The dollar rose at the start of the week to a level just under a 20-year high against other major currencies on Monday as investors sought safe havens due to concerns about global growth while cryptocurrency markets appeared to have found some stability after last week’s turmoil. The dollar index …
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16 May 2022 10:20 am
Oil prices fall as a result of profit-taking
Oil prices fell on Monday, giving up earlier gains as investors booked profits after prices rose in the previous session, but concerns loomed oversupply in global markets as the European Union prepared to impose a ban on imports from Russia. Brent crude futures fell 64 cents, or 0.6 percent, to …
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16 May 2022 7:36 am
Financial Markets’ Weekly Recap, 9 – 13 May
The US inflation data dominated the markets in the week ending May 13th. The safe-haven assets ended the trading in a bearish direction led by gold as a result of the rise in the US dollar. Wall Street ended trading higher on Friday, ending a week of wild market volatility, …
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14 May 2022 2:35 am
Market Drivers – US Session – Friday 13 May
On Friday, financial markets witnessed some kind of improvement in risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Economic Data Risk sentiment is the key market mover on Friday. Economic data from the US showed a larger-than-expected …
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14 May 2022 1:40 am
US Shares Close Wild Week Higher
Wall Street surged on Friday to close higher after a week’s wild market rotations. The surging US equities received a push from relief signs denoting that peaking inflation vied with concerns that policy tightening by the Fed could slope the US economy into unwanted recession.Equity gains were led by a …
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14 May 2022 12:42 am
Expert: BoE’s aggregate rate policy could hit 4%
The Bank of England will possibly need to hike interest rates more sharply than financial markets expect in order to get tame soaring inflation according to a former policymaker.The BoE’s Monetary Policy Committee raised its key interest rate four times since December to 1%, it is so the highest aggregate …
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13 May 2022 11:34 pm
Fed’s Mester: FOMC On Track For Aggressive Rate Hikes
Loretta Mester is a voting member of the Federal Open Market Committee this year. Mester said, on Friday, that the Fed needs to practice pressure ahead with aggressive rate hikes, and that by early fall, this year, the US central bank perhaps could be able to eventually decide whether its …
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13 May 2022 10:39 pm
Russian Ruble Best Gainer In 2022
The Russian currency has reportedly made large gains in spite of the sanctions imposed on Moscow by the United States and Washington’s allies.The US and EU attempted to cripple the Russian economy, but the value of the ruble is heading up. After two months of imposing state-crushing sanctions, the ruble …
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