Sterling dips notably after the dovish rate hike by BoE. Yen is following as second worst for the day, then Dollar. On the other hand, Aussie is leading other commodity currencies higher, support by strong Read more…
US initial jobless claims dropped -15k to 214k in the week ending March 12, better than expectation of 221k. Four-week moving average of initial claims dropped -9k to 223k. Continuing claims dropped -71k to 1419k Read more…
Warren Buffett’s Berkshire Hathaway investment group added to its holdings of Occidental Petroleum this week, taking its overall stake to around 13.4%. Occidental Petroleum (OXY) – Get Occidental Petroleum Corporation Report shares were a rare standout Read more…
ECB Governing Council member Klaas Knot said, “At this point, the dominant worry is inflation. That is why normalization of policy, the withdrawal of stimulus is the appropriate policy response.” He expected the asset purchases Read more…
BoE raises Bank Rate by 25bps to 0.75% as widely expected. But surprisingly, it was done by a 8-1 vote, with Jon Cunliffe voting for no change at 0.50%. In the statement, BoE said, “some Read more…
The Bank of England condemns Russia’s unprovoked invasion and the suffering inflicted on Ukraine. The Bank is working closely with the UK Government to support its response in coordination with international authorities. The Bank’s Monetary Read more…
ECB President Christine Lagarde said in a speech the central has given itself some “extra space” in monetary policy by stating that rate hike will come only “some time” after ending net asset purchases. “This Read more…
The New Zealand dollar has edged higher on Thursday. NZD/USD is trading at 0.6855, up 0.24% on the day. The pair jumped 0.99% on Tuesday, buoyed by optimism over developments in China and Ukraine. New Read more…
Last night’s post-Fed rally on Wall Street has given way to a more cautious open Thursday as investors re-set rate expectations following a hawkish statement from chairman Jerome Powell. U.S. equity futures edged lower Thursday, Read more…
Bitcoin is up nearly 4% over the past 24 hours to $41K. Ethereum added 4.7% to $2.75K, while Terra is out of the range, losing 0.6% in 24 hours, and other leading altcoins from the Read more…