The Inflation Reduction Act of 2022 contains an awkward provision for U.S.-Korea relations. Formerly known as the Build Back Better Act, the Inflation Reduction Act of 2022 was signed into law by President Joe Biden Read more…
Daily Pivots: (S1) 0.9886; (P) 0.9932; (R1) 1.0013; More… EUR/USD’s rebound from 0.9534 resumed by breaking through 0.9988 resistance. The development also came with strong break of the medium term falling channel resistance, as well Read more…
Dollar’s decline takes off today on talks that poor economic data would prompt Fed to slow down the tightening pace sooner than earlier expected. Treasury yields also tumbled, adding some more weight to the greenback. Read more…
US goods exports dropped USD -2.8B to USD 177.6B in September. Goods imports rose USD 2.2B to USD 269.8B. Trade deficit came in at USD -92.2B, larger than expectation of USD -87.8B. Wholesale inventories rose Read more…
EURGBP traded lower yesterday, after it hit resistance slightly below the 0.8780 zone. Today, the rate is flirting with the 0.8655 barrier, but a break lower may be needed before the bears claim full control Read more…
IMF Managing Director Kristalina Georgieva said that central banks should keep raising interest rates until they reach “neutral level”. “At this point we look for getting to a neutral mode, and in most places we Read more…
Disappointing big tech earnings could wipe up to $300 billion in value from the biggest U.S. companies at the start of trading as investors see further signs of weakening growth in the world’s biggest economy. Read more…
The Euro rose above parity on Tuesday, in extension of a steep upleg from 0.9631 trough (Oct 13), trading at these levels for the first time since Sep 21. Talks that Fed may pause continue Read more…
The Canadian dollar has extended its gains today, as the US dollar has retreated against all the major currencies. In the European session, USD/CAD is trading at 1.3547, down 0.44%. Earlier, USD/CAD dropped as low Read more…
It’s easier to spot peak inflation from a historical perspective than it is to determine in real time. Canva What Is Peak Inflation? Inflation that has reached its highest rate over a period is said Read more…