ECB Executive Board member Fabio Panetta said, “we should adjust policy carefully and recalibrate it as we see the effects of our decisions, so as to avoid suffocating the recovery,” he said. Talking about Russia Read more…
ECB Governing Council member Mario Centeno “I am convinced that the traction of growth that the economy was following will prevail.” But, “a scenario close to stagflation is not out of the possibilities that we Read more…
If there were ever an opportunity for the euro to reach parity with the US dollar, it would have been now. But EUR/USD has held up better than most would have expected given the severity Read more…
America and Europe hit Russia with suffocating economic sanctions Russian central bank raises interest rates but cannot defend currency Stocks retreat, US dollar and oil advance as traders reduce risk Capital flees Russia The invasion Read more…
A harsh series of weekend sanctions has markets in retreat around the world Monday, with ruble plunging to an all-time low against the U.S. dollar. U.S. equity futures slumped lower Monday, while oil prices tested Read more…
Prizes, sweepstakes, and lotteries, along with business and job opportunities are the most common bait used to rip off consumers, especially older consumers. Here’s a staggering number: reported fraud losses in the U.S. in 2021 Read more…
Crude is sharply down in the 4-hour chart after reaching 100 level for the 5th wave, so smells like a temporary top and we will now have to be aware now of a bigger, higher Read more…
The Euro opened with gap-lower on Monday as geopolitical tensions escalated after Russia put its fast response forces, including nuclear, on highest alert over the weekend. Although the pair bounced after dipping to 1.1125 after Read more…
The euro remains under pressure and was down close to 1% earlier in the day. EUR/USD has recovered and is currently trading at 1.1215, down 0.50%. There are no tier-1 events on today’s economic calendar. Read more…
BP Plc said Sunday it will take a $25 billion hit in exiting its 19.75% stake in state-backed oil giant Rosneft. BP Plc (BP) – Get BP Plc Report shares slumped lower in pre-market trading Monday Read more…