During Friday’s session, the precious metal consolidated around the $1,886-$1,900 area, amongst exchanges of statements in news media between Russia, Ukraine, and NATO countries, keeping uncertainty around the current situation in Ukraine.Brent crude futures settled 57 cents, or 0.6%, higher at USD 93.54 a barrel, while American WTI crude ended …
Read More »Eurozone Consumer Confidence falls Below expectations
According to the flash estimate of the European Commission’s Eurozone Consumer Confidence survey, the headline index fell to -8.8 in February versus forecasts for a slight rise to -8.0 from -8.5 the month prior of January. The euro did not see any reaction to the slightly weaker than expected Eurozone …
Read More »Russia-Ukraine Crisis Could Push Inflation Up To 10%
The cost of living has already become very high in America. The Russia-Ukraine crisis could even make it worse and worse. Oil prices have jumped above $90 a barrel in recent weeks as the risk of a Russian invasion has increased.If the Russia-Ukraine crisis drives oil to about $110 a …
Read More »US: CB Consumer Confidence Falls To 113.8 Above Expectations
According to the latest US Conference Board survey, headline Consumer Confidence fell to 113.8 in January from 115.2 (revised lower from 115.8) in December, less than the expected decline to 111.8. The drop slight drop reflects the impact of the rapid spread of the Omicron Covid-19 variant in the US …
Read More »Market Drivers – US Session – 21-01-2022
The US dollar declined on Friday, along with US Treasury yields, while investors looked ahead to next week’s Federal Reserve meeting for more clarity on the outlook for rate hikes.US Treasury yields fell as stock market declines reflected poor risk appetite, while concerns about potential conflict in Ukraine drove demand …
Read More »Eurozone Consumer Confidence falls in January
The Eurozone Consumer Confidence has fallen to -8.5 in January flash estimate versus expected decline to -9.0According to the flash estimate of the European Commission’s Eurozone Consumer Confidence survey, the headline index fell to -8.5 in January versus forecasts for a drop to -9.0 from -8.4 the month prior. December’s …
Read More »GBP/USD Advances On Back of Positive US Data
The sterling is sharply advancing up some 0.57%, rallying during the New York session, trading at 1.3344. The market sentiment is positive, as shown by European and US stock indices, trading in the green territory. Investors’ assessment of the Omicron variant slightly dented the market mood before Wall Street opened. …
Read More »Market Drivers – US Session – 21-12-2021
The US Dollar Index fell by 0.04%, sitting at 96.48 during the New York session. The market sentiment is positive, with major US shares rising between 1.60% and 2.80%. US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have …
Read More »Eurozone Consumer Confidence Falls In December
The Euro seemed to take a hit in wake of the day and EUR/USD fell to session lows. The Eurozone Consumer Confidence index fell to -8.3 in December from -6.8 in November according to the flash estimate released by the European Commission on Tuesday. That was below expectations for a …
Read More »UoM’s Consumer Confidence Index Surges in December
Consumer confidence in the US has strengthened modestly in December according to the University of Michigan’s preliminary estimate of the Consumer Sentiment Index. The reading of the index surged to 70.4, up compared to only 67.4 in November. This data comes above market expectations at 67.1. In the meantime, the …
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