21.05.2022
Chicago 12, Melborne City, USA
Forex guide

Philly Fed Index Indicates Notably Slower Gro …

Growth in Philadelphia-area manufacturing activity showed a significant slowdown in the month of May, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its current general activity index tumbled to 2.6 in May from 17.6 in April, hitting its lowest level in two years. While a positive reading […]

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Forex guide

Philly Fed Index Slumps Much More Than Expect …

Growth in Philadelphia-area manufacturing activity showed a significant slowdown in the month of May, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its current general activity index tumbled to 2.6 in May from 17.6 in April, hitting its lowest level in two years. While a positive reading […]

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Forex guide

Gold Drops Post Aggressive Fed Hints

Gold prices dropped further on Wednesday amidst an aggressive tone by the Fed on inflation control. The Fed Chair Jerome Powell had hinted on Tuesday that the Fed would keep tightening till inflation has been tamed. UK’s inflation is rising to a 40-year high and the likely aggressive response by the Bank of England also […]

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Politics

Weekly Economic & Financial Commentary: Will Tighter Financial Conditions Lead to a More Dovish Fed?

Summary United States: Don’t Look Down Yet Consumer price inflation may have peaked, but the climb down from here will not be free of obstacles. The CPI and PPI rose 0.3% and 0.5%, respectively, in April. Small business optimism stalled during the month, as owners are concerned about their ability to continue to pass on… […]

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Business

EUR / USD Heads Towards New Lows of 1.0500 Due to Bad Mood, and Disparity Worries Between Fed and ECB

EUR / USD has resumed its downward trend after it failed to reverse trend on Friday, as the talks of avoiding risk also contributed to the disparity in ECB’s (European Central Bank) and Fed (Federal Reserve) monetary policy. The President of the Federal Reserve Jerome Powell did not agree with the initiative of a 75bps […]

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Politics

Traders Still Betting on 75bps Hike by Fed in June, Dollar Rally Capped:

While the RBA, Fed and BoE announced rate hikes last week, the impacts and reactions were rather delivered. RBA’s larger than expected hike was well received and helped Aussie secured the first place, even though it pared back much gains on risk-aversion. On the other hand, BoE’s announcement was considered dovish, with warning of recession, […]

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Business

Bitcoin Taps $ 40,000 Following US Fed Interest Rate Announcement

Bitcoin (BTC) recorded a surge after a streak of downward momentum courtesy of the US Fed interest rate decision announcement. The benchmark cryptocurrency tapped the $ 40,000 top for the first time since April 28. As expected, the broader market reacted similarly to the news, as the total market cap added 5.7% to its value […]

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Politics

Markets in Tight Range ahead of Fed Hike, Dollar Firm:

Overall, the markets are pretty quiet as focuses turns to Fed’s rate hike and guidance today. Dollar is consolidating in tight range, preparing for the next move. For now, Aussie and Loonie are the stronger ones for the week, but they only have a slim advantage over the greenback. Sterling is the worst, followed by… […]

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Forex guide

Fed Raises Interest Rates By 50 Basis Points …

In an effort to return elevated inflation to its 2 percent objective, the Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by half a percentage point. The Fed announced that it has decided to raise the target range for the federal funds rate by 50 basis points to 0.75 to […]

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Forex guide

* Fed Chair Powell Begins Post-Meeting Press C …

Fed Chair Powell Begins Post-Meeting Press Conference

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