Tag Archives: inflation

After peaking at $48,000 last week, Bitcoin tested the resistance level and moved sideways during the weekend’s trading. The cryptocurrency saw a weak correction simultaneously, while Ethereum made a faster recovery, testing the $3,500 area. Bitcoin tested $48,000, the end of the bullish range of its latest trend, and saw …

Oil futures extended gains in trading on Tuesday as the United States and Europe plan to impose new sanctions against Russia over alleged war crimes committed by Russian forces in Ukraine, heightening concerns about supply disruptions as Iran nuclear talks falter. Brent crude futures rose 1.20 dollars, equivalent to 1.1%, …

The US dollar has reclaimed 99.00 on expectation of strong US Services PMI on Tuesday. A preliminary estimate for the US Services PMI is 58 against the prior print of 56.5. Nearly 80% of the US economy revolves around services, which heightens attention around the US ISM services PMI as …

Gold prices rose on Monday, as demand for the safe-haven metal was boosted by the war in Ukraine and risk aversion in broader stock markets, but its gains were limited by a rise in US Treasury yields after strong jobs data in March. And gold rose in spot transactions 0.1 …

Gold prices stabilized on Monday, April 4th, with the US dollar and US bond yields rising after strong jobs data raised expectations for a sharp interest rate hike. There was little change in the price of gold in spot transactions at 1922.43 dollars an ounce. US gold futures rose 0.2% …

Oil prices topped $105 a barrel on Monday, as concerns persisted about tight supplies due to Russia’s invasion of Ukraine and a deal on Iran’s nuclear deal despite countries withdrawing from strategic oil reserves. The invasion of Ukraine in February sharply exacerbated already existing supply concerns and raised oil prices. …

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 …

Gold slumps for the third day of the week amid an upbeat market mood and rising US yields. The Gold Index (XAU/USD) slides as the second quarter begins, down some 0.64% in the North American session. The Russia-Ukraine tussles, elevated global inflation, and rising US Treasury yields, keeping the non-yielding …

Economic growth will likely slow but it is expected to remain stay positive. It is too early to talk about the risk of a recession in the US, where growth is likely to remain positive for the near future even as it slows down, according to the International Monetary Fund’s …

Chicago Fed President and FOMC member Charles Evans on Friday said that raising interest rates to just under 2.5% by March 2023 gives the Fed “optionality”. It is not a big risk if that rate-hike path includes “some” 50 bps hikes to get to the neutral rate sooner.Monthly inflation reports …