Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) said domestically-sourced cost pressures were still picking even if […]
Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with Read more
The U.S. dollar edged lower in early European trade Wednesday, handing back some of the previous session’s gains as traders Read more
Most Asian stock markets sank on Wednesday tracking overnight losses on Wall Street, with technology-heavy indexes losing the most as Read more
Most Asian stocks kept to a tight range on Monday as markets awaited more cues on monetary policy from a Read more
Gold prices steadied on Wednesday, while copper extended strong gains as risk-driven assets rallied on expectations that the Federal Reserve will hike interest rates at a slower pace in the near-term, which also trimmed dollar gains. A growing number of Fed officials said in recent weeks that the central bank is likely to raise interest […]
Gold prices fell on Thursday, reversing recent gains as hawkish comments from Federal Reserve Chairman Jerome Powell dashed hopes that Read more
Gold prices rose slightly on Wednesday, extending mild gains into a third session as pressure from the dollar abated, although Read more
Gold Prices Steadied Above A Major Support Level On Monday As Growing Risks Of An Economic Recession Spurred Some Safe Read more
Gold prices fell on Friday and were set to close the week lower amid fears of more interest rate hikes Read more
Oil prices rose on Monday as markets bet that an eventual scaling back of COVID-19 measures in China will boost the country’s crude demand, while looming curbs on Russian oil shipments also appeared set to tighten supply Crude prices closed last week lower, but rallied sharply on Friday after China said it will loosen some […]
Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery Read more
Oil Prices Rose Further On Tuesday As Markets Positioned For The Biggest Supply Cut By OPEC Since The 2020 COVID Read more
Oil prices rose on Tuesday following commitments to tightening supply from Saudi Arabia and the Organization of Petroleum Exporting Countries Read more
Oil prices retreated from a three-week high on Thursday after weak economic data from China pointed to more trouble in Read more
