Tag Archives: FED

Oil prices recovered in early Asian trade on Thursday after tumbling to their lowest level this year, as production and gasoline inventories rose in the United States as concerns grew that an economic slowdown could weaken demand for fuel. Brent crude futures rose $1 to $78.17 a barrel, by 0600 …

The US dollar recorded fresh losses on Wednesday against most of major rival currencies. The dollar’s decline was contained, but it is obvious that further declines are probable.Earlier in the day, China announced a series of measures easing Covid-linked restrictions. The US Treasury yield curve inverted the most in over …

West Texas Intermediate has fallen to the lowest in nearly one year. Recession-linked concerns dominate the market sentiment and the Fed’s rate decision next week is awaited with all open eyes.The American crude fell to the lowest in nearly a year on Wednesday despite the good news in China’s steps …

Weaker than expected economic data in China threatens to derail economic growth and trigger risk aversion. The US central bank seems pressured by Solid US economic data released since last Friday ahead of the awaited US inflation data.The GBP/USD pair is upward biased, and could even test Tuesday’s high of …

Oil futures witnessed little change in Asian trading on Wednesday, December 7th, as fears about the impact of the cap imposed by the West on the price of Russian oil were offset by hopes for an improvement in demand from China, which kept the markets in anticipation after a sharp …

Gold traded within a narrow range on Wednesday as investors awaited the Federal Reserve’s meeting next week to assess the bank’s monetary policy stance. And gold in instant transactions witnessed a slight change to $ 1772 an ounce by 0650 GMT. US gold futures rose 0.1 percent to $1,783.90. A …

The General Administration of Customs said on Wednesday, December 7, that dollar exports fell 8.7% in November compared to the previous year to $296 billion, which is the lowest level since April, when Corona restrictions led to the closure of Shanghai factories and roads and prevented companies from placing goods …

Uncertainty is prevalent regarding the Fed’s intentions that will unfold after FOMC meeting, later in December. Fed officials hinted at an easing pace of quantitative tightening starting as soon as this month, despite signs of easing inflation, but doubts are increasing lest the economy should fall in long-lasting recession.ECB’s Constantinos …

Fresh data has indicated expansion of Canadian economic activity at a faster pace in November and a measure of price pressures cooled according to Ivey Purchasing Managers Index (PMI) data, released on Tuesday.The seasonally adjusted index rose to 51.4 in November from 50.1 in October. The Ivey PMI measures the …

Chinese authorities are considering downgrading Covid-19. This could be a positive for risk appetite on Wednesday in the financial markets that have been impacted on Tuesday by risk aversion.Global stocks had their third straight day of losses on Tuesday as investors felt perplexed on how long the Fed will maintain …