Oil prices dipped for the second consecutive session on Tuesday, retreating from last week’s rally as a stronger U.S. dollar ….
Category: News
Australian Housing Supply Recovery Stumbles Amid Falling Building Approvals
November Sees Decline in Australian Building Approvals Building approvals in Australia fell unexpectedly in November, raising concerns about the nation’s ….
Federal Reserve Signals Gradual Path for Future Interest Rate Cuts
Federal Reserve Governor Lisa Cook stated on Monday that the central bank is poised to adopt a more cautious approach ….
German Inflation Surges to 2.9% in December Amid Core Price Pressures
Germany’s inflation rate exceeded expectations in December, climbing to 2.9%, according to preliminary data released on Monday by the federal ….
Canadian Dollar Steady Amid Political Uncertainty as Trudeau Resignation Looms
Global Markets Brace for Economic Data and Political Shifts The Canadian dollar remained relatively calm on Monday despite reports suggesting ….
Japanese Yen Hits Five-Month Lows Amid US Treasury Yield Surge and BOJ Uncertainty
The Japanese yen weakened in Asian trading on Monday, sliding into negative territory against a basket of major currencies, including ….
Fed’s Barkin: Inflation at 2% or Weaker Demand Essential for Rate Cuts
Maryland, January 2025—Federal Reserve Bank of Richmond President Tom Barkin addressed the Maryland Bankers Association on Friday, shedding light on ….
US Manufacturing PMI Rises Slightly in December but Remains in Contraction for Ninth Consecutive Month
The US manufacturing sector continued its contractionary trend in December, as indicated by the Institute for Supply Management’s (ISM) Manufacturing ….
EUR/USD Stability with Positive ISM Manufacturing Data and Rising European Yields
The euro is up a bit after yesterday’s big drop to 1.0255. The dollar is down -0.3% to 1.0295 after ….
US Dollar Trends Higher Amid Economic Resilience and Hawkish Federal Reserve Policies
The US dollar experienced a slight decline on Friday but remained positioned for a strong weekly performance, driven by expectations ….
Gold Prices Decline Amid Profit-Taking After Reaching Three-Week Highs
Gold prices slipped during European trading on Friday, retreating from a three-week high reached earlier in the Asian session due ….
U.S. employment growth rises modestly as the jobless rate declines
The U.S. job market showed signs of moderation in August, with businesses adding fewer jobs than anticipated, but the unemployment ….
RBA’s Bullock Stands Firm on Cautious Inflation Outlook
Amid criticism this week that the Reserve Bank of Australia (RBA) has been “damaging the economy” with elevated interest rates, ….
Dollar falters as expectations grow for a larger Fed rate cut
The U.S. dollar weakened on Thursday as traders increased expectations for a significant interest rate cut by the Federal Reserve ….
Gold slips as traders brace for upcoming U.S. economic data
On Asian Session, gold prices declined slightly as investors awaited key U.S. economic data to assess the scale of the ….
New Zealand significantly raises fees for international tourists
The New Zealand government announced on Tuesday that it would nearly triple entry fees for tourists, prompting concerns from the ….
Brent Oil Prices Fall Amid Weaker Demand Prospects in China, Despite Libyan Supply Disruptions
Brent oil prices declined in Asian trading on Tuesday, as concerns over weakening economic conditions in China and a potential ….