Oil price surged to highest level since 2014 on concern of supply disruptions related to Russia invasion of Ukraine. The International Energy Agency’s 31 member countries have just agreed to release 60 million barrels of Read more…
Australia GDP grew 3.4% qoq in Q4, above expectation of 2.9% qoq. Real net national disposable income rose 1.7%. Terms of trade fell -5.1%. GDP in the December quarter 2021 was 3.4% above December 2019 Read more…
SNB Vice Chairman Fritz Zurbruegg said in a l’agefi interview, “Switzerland has always had lower rates than others since the financial crisis. It is very important for us to keep this differential to avoid an Read more…
Cleveland Fed President Loretta Mester said yesterday that Russia’s invasion of Ukraine could push inflation up higher. “The unfolding event has implications for the economic outlook, adding upside risk to inflation even as it puts Read more…
BoE MPC member Catherine Mann said yesterday, “we already have very rapid increase in oil prices… In the U.K., that it becomes embedded by virtue of the institution mechanism of the price cap” on domestic Read more…
BoE MPC member Michael Saunders said yesterday, “the economy is in significant excess demand, and inflation expectations are not as well anchored as I would like.” “My preference is to move quite quickly towards a Read more…
DXY: On the H4 timeframe, prices are at pivot and in line with a recent swing high. We see the potential for a dip from our 1st resistance at 97.434 in line with 100% Fibonacci Read more…
Key Highlights Russia-Ukraine tension pushed oil price above $100. It broke a major bearish trend line at $90.00 on the monthly chart. EUR/USD is struggling to stay above the 1.1120 support. The US ADP Employment Read more…
Despite the geopolitical mess across the Ukrainian borders and growing fears about its global economic impact, the Bank of Canada (BoC) is expected to hike its benchmark interest rate on Wednesday at 15:00 GMT. Local Read more…
Output +3.4%, meeting expectations. Conditions rebound strongly from delta lockdowns, led by the consumer, +6.3%, as people adapt to the challenges of the pandemic. The Australian economy expanded by 3.4% in Q4, on the reopening Read more…