Tag Archives: China

Heavy truck sales in the US are very good leading indicator of economic activity, with 65% of the dollar value of North American freight moved by trucks. But new truck sales have been falling sharply and are now down 23% on an annual basis. New auto sales are falling at …

US Treasury Secretary Janet Yellen said on Wednesday that it will be “a long time, if ever” before the US dollar is replaced as the key currency for the global economy. The impact of sanctions on Russia show the importance of the US dollar and euro, as well the US’ …

Oil prices rose on Wednesday after Russia said peace talks with Ukraine had reached a dead end, fueling supply concerns, while weak economic data from China and Japan kept gains limited. By 0808 GMT, Brent crude rose 48 cents, or 0.5 percent, to $105.12 a barrel. West Texas Intermediate crude …

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 USD/CAD pair is trading near the highs of the day towards the North American close. US oil continues to bleed out and correct the Ukraine crisis rally. Eyes will be on the US CPI data and the Bank of Canada this week. At 1.2635, USD/CAD is higher by 0.51% …

Japan’s Nikkei index recorded its worst weekly performance in almost a month on concerns about the impact of the Federal Reserve’s tightening of its monetary policies, the conflict in Ukraine, and the closure measures in China. The Nikkei index lost 2.46 percent this week, its worst performance since the week …

Brent crude futures fell 49 cents, or 0.5%, to settle at $100.58 a barrel while WTI crude fell 20 cents, or 0.6%, to settle at $96.03 a barrel. The previous session, both benchmarks plunged more than 5% to their lowest closing levels since March 16. Oil settled lower on Thursday, …

Russian oil and coal purchased in yuan will arrive in China soon. China and Russia are attempting to maintain energy trade even while other nations cut off Russian imports. In May, the first cargoes of Russian oil purchased in yuan will arrive at refiners in China. China is buying Russian …

The United States is open to all tools if China invades Taiwan, US Treasury Secretary Janet Yellen said on Wednesday, reported Bloomberg. The US is monitoring attempts to use crypto to evade sanctions, she added, referring to sanctions on Russia. A senior Biden administration official just announced that the US …

The dollar rose on Friday after a report showed strong US job growth in March. In addition, the unemployment rate fell to a two-year low, and wages rebounded, boosting speculation that the Federal Reserve would raise interest rates by 50 points at its meeting. Next. The widely watched US Labor …