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Tag: Forex News Round Up

Yale Economists Says US Economy “Accident Waiting to Happen”

The inflation-adjusted U.S. savings rate could soon go to zero, creating a long-term concern for the health of the economy, a Yale economist said. “Given this deficit spending, our savings rate is going to go to zero adjusted for inflation, and that’s going to push us into a realm of wider current account and trade […]

Credit Suisse Sees 10 Year Bond Breaking 3.05%

A major trigger of last week’s market sell-off was the steady but unrelenting climb in U.S. Treasury yields, which indicated higher borrowing costs, impending interest rate rises and generally bad news for most equity traders. But the bond bear market is not yet upon us, says Credit Suisse’s Global Head of Technical Analysis David Sneddon, […]

US Shale Producers Could Wreck OPEC Led Oil Price Stability

Big oil producing nations have nearly achieved their goal of draining a prolonged oil glut after taking some bitter medicine: cutting the crude production that funds their governments. But with victory in sight, U.S. drillers are poised to spoil OPEC’s plans for the second time in three years. On Tuesday, the International Energy Agency warned […]

US Stocks Fall Ahead of Inflation and Retail Sales Data

U.S. stock indexes fell on Tuesday, undoing two strong days of gains that have settled some investor nerves ahead of a crucial reading on inflation. Strong U.S. consumer price and retail sales data on Wednesday would fan fears over rising inflation and the pace of interest rate rises – the same worries that sparked a […]

Fed Chair Powell Says CB Will Remain Alert to Financial Stability Risks

New Federal Reserve Chairman Jerome Powell on Tuesday said the central bank “will remain alert” to any risks to financial stability, marking his maiden attempt to soothe financial markets. In brief prepared remarks at his swearing-in ceremony, Powell reminded the audience that Washington made enormous strides in its effort to strengthen the banking sector in […]

Oil Drops Ahead of Weekly Inventories

Oil prices slid more than 3 percent on Friday as U.S. futures fell below $60 a barrel for the first time since December on renewed concerns about rising crude supplies. U.S. and Brent crude futures have slid more than 11 percent from this year’s peak in late January. Brent fell nearly 9 percent for the […]

Canadian Trade Problems Don’t Stop with NAFTA

Trade challenges from U.S. firms will continue to cause turbulence for Canada even if talks to modernize NAFTA are successful, a senior Canadian government official said on Tuesday. Canada sends 75 percent of its goods exports to the United States and is vulnerable to what Ottawa complains is increasing U.S. protectionism since President Donald Trump […]

Russian Gold Production Hits 306.9 Tonnes in 2017

Russia produced 306.9 tonnes of gold in 2017, up from 288.5 tonnes in 2016, the finance ministry said on Tuesday. Production for the period included 253.9 tonnes of mined gold compared with 237.8 tonnes in 2016, the ministry said in a report. Silver production totalled 1,044.3 tonnes in the January to December period, down from […]

Nikkei Ends Lower After Rise of JPY

The Nikkei stock index ended at a four-month low Tuesday, quickly giving up earlier gains as the yen’s advance against the U.S. dollar hurt export-related issues. The 225-issue Nikkei Stock Average ended down 137.94 points, or 0.65 percent, from Friday at 21,244.68, its lowest close since Oct. 13. Japanese financial markets were closed Monday for […]

US Inflation Report Front and Center After Market Plunge

Wednesday’s report on the U.S. consumer price index will be the most closely watched in recent memory, with investors seeking to understand the recent plunge in the stock and bond markets. They’ll probably need to look beyond the main numbers for the full story. The core CPI, which excludes food and energy, rose 1.7 percent in […]