January 9, 2025
GBP dropped over 1%
Sterling and UK gilt prices tumble, pushing 10-year yield to 17-year highs. British government bond prices fell sharply for a second day, pushing 10-year yields to their highest since August 2008, while 30-year yields hit a new 26-year high in a move that will add pressure to government finances, while pound dropped over 1%. The […]
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January 8, 2025
Oil prices settle up on possible supply disruption
Oil prices settled higher, driven by concerns over limited supply from Russia and Iran because of Western sanctions and expected higher Chinese demand. Traders were looking to the Chinese stimulus plans to drive growth as supplies are tight following the Christmas and New Year’s holidays. The Oil-Dollar pair exploded 1.0% in the last session. The […]
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January 8, 2025
Dollar firms as solid US data suggests Fed likely to slow easing cycle
The dollar strengthened as U.S. economic data showing a generally stable jobs market and a still robust services sector suggested that the Federal Reserve will likely slow the pace of its current rate-cutting cycle. The greenback rose to a near six-month peak against the yen. The Dollar-Yen pair made a minor upwards correction in the […]
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January 8, 2025
Wall Street drops amid concerns of inflation rebound
U.S. job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal Reserve to be in a rush to cut interest rates.
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January 7, 2025
Euro zone economy ended 2024 in precarious state
The euro zone economy ended 2024 in a fragile state, according a survey which showed overall activity contracted for a second straight month in December as a modest recovery in the services industry failed to offset a deeper downturn in manufacturing.
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January 7, 2025
Canadian dollar jumps on Trudeau and tariff reports
The Canadian dollar rose to a near three-week high against its U.S. counterpart, as investors weighed the potential for Canada’s economy to escape broad-based U.S. tariffs and a report that Canadian Prime Minister Justin Trudeau would resign.
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