The dollar ended its longest losing streak 2-1/2 years after the Federal Reserve paused interest rate hikes. Meanwhile, the Swiss franc strengthened following the central bank’s additional increase. The Federal Reserve raised the benchmark funds rate by 25 basis points as widely expected but held back on the current hike needed in favor of some …
Oil prices retreated, halting a three-day rally, after a surprise rise in U.S. crude inventories and as the Federal Reserve underscored the dangers of a global hike. U.S. crude futures were trading 0.22% lower at $70.76 a barrel, while the Brent contract was back 0.22% at $76.56. Benchmarks posted gains in the first three days of …
OANDA is a long-standing leader in multi-asset retail trading markets. On Monday, the brokerage launched its new Global Markets division featuring CFDs offerings extending beyond European equities to include U.S. and U.K. stocks. This exciting development will surely change how investors approach these markets! The offering allows its customers in emerging markets to trade CFDs …
OANDA Launches CFDs Exposure to Popular U.S. and UK Stocks Read More »
Oil prices extended losses, trading near monthly lows in more than a year after the European Central Bank raised interest rates and tensions over the global banking crisis weighed on the outlook for demand. Brent crude oil futures were down $1.15, or 1.6%, at $72.54 a barrel. West Texas Intermediate crude futures were down $1.27, …
The dollar advanced in early trade as the market turned its view on possible moves in US interest rates on Tuesday amid February inflation statistics. The US consumer price index retreated to 6%. Still, key parts of the report showed negative price increases quickly, showing the Federal Reserve’s lack of room to manoeuvre in response …
US interest rates and February inflation statistics boosted dollar Read More »
Oil extended its slide on Wednesday, falling 3.9% to its lowest level over a year as jitters over Credit Suisse rattled global markets and overshadowed expectations of a recovery in Chinese oil demand. After Credit Suisse’s largest investor announced that they would not be able to offer additional support to assist the Swiss bank in …
OPEC further raised its forecast for China’s oil demand growth in 2023 as the country’s COVID-19 restrictions ease, though it left the global total steady, citing possible risks to world growth. World oil demand will rise by 2.34 million barrels per day, or 2.4%, in 2023, the Organization of the Petroleum Exporting Countries said. This …
Oil prices retreated for a fourth session, heading for their widest weekly loss in five weeks on fears the prospect of a big US interest rate hike would dampen demand for the fuel. Brent was down 63 cents, or 0.83%, at $80.97 a barrel by 1140 GMT. The price of US WTI crude fell by …
The CFTC head reiterates the future of stablecoins and ether At a recent Senate hearing, the chairman of the US Commodities Futures Trading Commission (CFTC) reiterated that stablecoins and ether are commodities and therefore fall under its jurisdiction. When using the founder of FTX, Sam Bankman-Fried, in the middle of December, the CFTC claimed that …
The CFTC head reiterates the future of stablecoins and ether Read More »
In order to expand its presence in the transportation industry, Saudi Aramco is close to agreeing to buy a stake in the planned combustion-engine partnership between Zhejiang Geely Holding Group Co and Renault SA. The largest oil firm in the world will acquire a minor stake, according to anonymous sources. In contrast, Renault and China’s …
After a few economically successful months, the US has had room for optimism. Job data has blown past any expectation, insinuating a recovering economy. Other positive indicators have shown us that expecting a quality of life increase isn’t just wishful thinking. However, January’s inflation data has soured the mood slightly. While it’s nothing to lose …
US oil prices have risen, receiving support from the hope that a solid economic removal in China will promote fuel demand, which influences US interest rates in the world’s largest economy. Brent futures increased by 87 cents on Tuesday due to Tuesday’s exhaustion, and the barrel was up to $83.33. More active can reach a …
On Tuesday, the US dollar resumed its upward trend, reclaiming its first monthly increase since September with increased value against the pound and euro from the day before. The dollar index was flat at 104.63, still up 2.62% from February; its first monthly increase since September. Investors now expect federal funds to exceed 5.43% in …
Warren Buffett’s Berkshire Hathaway Inc reported poor results in some of its major businesses. The fact reinforces the anxiety surrounding the United States’ economic future. Nevertheless, the billionaire investor remains hopeful. In the fourth quarter, the corporation’s operating earnings declined by 14% to $6.7 billion. This was due to the increasing cost of materials and …
Warren Buffett is hopeful in the midst of gloomy US economy Read More »
The dollar traded at seven–week highs last week as investors took advantage of strong economic data and quick revisions. On Friday, the data showed that US consumer costs were sharply shaken in January and inflation accelerated. Traders now expect summer interest rates to be around 5.42%, compared to the 4.92% they considered in early February. …
