/cloudfront-us-east-2.images.arcpublishing.com/reuters/VKLPSET3G5NAXG62LJ77642G6I.jpg?fit=%2C&ssl=1)
[Tokyo, 8th]- At its board meeting on the 6th of this week, the Reserve Bank of Australia (RBA) announced that it would leave policy unchanged, but maintained its tightening bias. The Australian dollar is expected to recover against the US dollar in the medium to short term, and in the meantime, it is likely to … Read more
Oil prices experienced their biggest one-day percentage decline since early January, with Brent futures and West Texas Intermediate crude falling around 5% to a five-week low. The fall was fueled by increased concerns about the economy as US politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this week. … Read more
Canada’s largest diversified mining company, Teck Resources, recently helped the Toronto stock market extend its winning streak with impressive second-quarter earnings. The company’s strong financial performance provided a welcome boost to the Canadian economy amid the ongoing global uncertainty caused by the pandemic. With increased demand for commodities and a solid track record of responsible … Read more
The United States dollar weakened on Monday, amid anticipation of inflation data that is set to be released later this week. Investors are keeping a close eye on the figures, as rising inflation could lead to the Federal Reserve tightening its monetary policy sooner than planned. The greenback’s dip comes after a strong stretch in … Read more
Oil prices have been on the rise recently as hopes for a Chinese economic stimulus and a weaker dollar have buoyed the market. With China’s economy showing signs of slowing down, investors have been waiting for the government to announce a new round of stimulus measures, which could potentially increase demand for oil. Additionally, a … Read more
Bitcoin has been on a rollercoaster ride in 2021, surpassing $30,000 for the first time on January 2nd. This latest surge is partly due to investors anticipating the end of rate rises and seeing Bitcoin as a hedge against higher inflation. But with its notorious volatility, the cryptocurrency market is not for the faint of … Read more
As the week comes to a close, Wall Street ended mixed on Friday with inflation data and earnings reports in focus. Investors continue to monitor the impact of rising prices on the economy, while eagerly awaiting results from major companies set to report earnings in the coming days. With uncertainty surrounding the market, traders are … Read more
The price of gold has been steadily climbing over the past few months, hitting an all-time high of over $2,000 per ounce in early August. However, recent news of positive US jobs growth has lifted the value of the dollar and caused the price of gold to fall below $2,000. This development has sparked concerns … Read more
The Central Bank of the Philippines, also known as Bangko Sentral ng Pilipinas (BSP), has been raising interest rates since last year to fight rising inflation. However, with inflation showing signs of slowing down, the BSP may be considering pausing their rate hikes to give the economy some breathing room. This potential change in policy … Read more
In recent weeks, Wall Street has experienced a series of rallies as investors grow more optimistic about the future of the banking sector. It appears that small rate-hike bets are contributing to this positive sentiment, as these bets signal that the economy is recovering and that banks are likely to see increased profits in the … Read more