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Tag: Markets News

Key Takeaways From the Fed Meeting

Yesterday, the Fed officials released their June interest rate decision. As expected, the officials raised rates by a quarter point. This was the second interest rate hike this year. The officials also increased their median forecast of the number of rate hikes we can expect this year to four. 8 of the officials voted to […]

UK CPI Remains Unchanged as PPI Rises to Highest Level Since 2016

The rate of inflation is one of the most important measures central banks from around the world look at. This is because a rising rate of inflation – at a time when wages are not rising – would lead to more suffering among the people. They would struggle to pay for basic needs like food […]

Germany Business Sentiment Falls to Lowest Level Since 2012

Today, the biggest news among the trading community was on the US-North Korean summit, which ended successfully. As such, the global financial markets are up, with the dollar index remaining largely unchanged. In addition to the good news from Singapore, traders are focusing on the Brexit issue, UK employment numbers, EU business sentiment, and the […]

Dollar and Stocks Futures Jump as Trump Meets With Kim Jong Un

Early this morning, Donald Trump and Kim Jong Un met for the first time. This was the first meeting between the leaders of the two countries in history. The meeting capped many months of increased preparations and tensions between the two countries. At the end of their meeting, the two leaders signed a document, which […]

Weekend Review: Donald Trump Disrupts the G7 Meeting Ahead of NoKo Meeting

The G7 meeting, held in Quebec was the focus among investors this past weekend. It was always expected to be a contentious meeting especially after Donald Trump announced his plans to place tariffs on steel and aluminum on the countries. Before the meeting, there was a concern that the president would not even attend it. […]

Weekly Review: Uncertainty Ahead of the G7 Meeting

Trade was a major point of discussion this week as the leaders of the world’s 7 largest economies meet in Quebec, Canada. Recently, the United States announced that it would impose tariffs on imported steel and aluminum on Canadian, Mexican, Japanese, and European Union steel and aluminum. This led to retaliatory tariffs from these countries […]

EU Economy Remain Steady as Germany Factory Orders Fall

Today, Eurostat announced the Q1 GDP numbers for the euro area and the EU28. In the first quarter, the economy in the region expanded at a quarterly rate of 0.4% as expected. It rose at an annualized rate of 2.5%, also as expected. During the same time, the US economy expanded by 0.5%, which was […]

Why Natural Gas Could Head Higher After the Recent Downturn

Natural gas has been a great miracle for the current generation. The gas, which is found deep within the earth’s crust has been used to provide clean energy to household and natural grid. It has been used to replace the traditional coal-powered plants that were known to be heavy pollutants. In the past, natural gas, […]

Aussie Little Changed as RBA Leaves Rates Unchanged

The Reserve Bank of Australia (RBA) concluded its meeting today and – as expected – left interest rates unchanged at 1.5%. As a result, the Australian dollar was little moved against the dollar, though it has seen a major increase in the past few days. On Wednesday, the pair started an upward surge, rising from […]

Iran Deal and Venezuela Elections Push Crude Oil to 3.5 Year Highs

Crude oil was one of the top gainers for the week. The price continued to soar, reaching the highest level in three and half years. This was a continuation of a trend that started a week ago when the US president exited the Iran deal. Investors believe that the exit of the deal will affect […]