Oil price rises ahead of expected OPEC+ production cut extension
WTI oil price rose around 1.7% on Friday, in the biggest daily advance this week, as the sentiment turned positive on expectations that OPEC+ group will extend its production cut in the second quarter.
The decision will be announced in…
Read More...
Read More...
Eurozone consumer prices ease less than expected, core inflation remains elevated
Eurozone inflation dropped to 2.6% in February from 2.8% the previous month, missing expectations of 2.5%.
Core inflation, excluding volatile components like food and fuel, only slightly decreased to 3.1% from 3.3%, remaining above the…
Read More...
Read More...
China’s factory activity continues to contract but solid numbers in services sector brighten…
China’s manufacturing purchasing managers' index (PMI), fell to 49.1 in February from 49.2 previous month, remaining below the 50 level which separates growth from contraction for the fifth consecutive month.
February’s release was in…
Read More...
Read More...
US inflation rises in line with expectations in January – PCE
The US personal consumption expenditures (PCE) price index rose 0.3% in January, in line with expectations, but up from December’s downwardly revised increase by 0.1%.
Annualized figure showed that PCE inflation rose 2.4% in January, in…
Read More...
Read More...
Bitcoin express continues to travel at a high speed but some profit-taking in the near future cannot…
Bitcoin keeps firm tone and trading just under new highest in over three years on Thursday, as steep rally extends into fourth straight day.
Bitcoin was a top market performer in past few sessions, advancing about 36% since Monday, after…
Read More...
Read More...
German unemployment rises above expectations in February
The number of unemployed people in Germany grew by 11K in February to 2.71 million, compared to 2K drop previous month and strongly beating expectations for rise by 6K.
The unemployment rate rose to 5.9%, the highest since June 2021, up…
Read More...
Read More...
USDJPY eases after hawkish comments on BOJ interest rates
USDJPY dips below 150 mark in early Thursday’s trading, as yen received fresh boost from BOJ policymaker’s hawkish comments regarding interest rates and month-end position adjustments.
Economic data from Japan, released overnight were…
Read More...
Read More...
US gross domestic product revised slightly lower in Q4
The second estimate of GDP growth showed that the US gross domestic product increased at a 3.2% annualized rate in the fourth quarter, revised slightly down from the previously reported 3.3% pace and identical forecast by economists.
The…
Read More...
Read More...
Bitcoin – sharp bullish acceleration nears psychological 60K barrier
Bitcoin continues to trend higher and extends rally into fifth straight day, with strong bullish acceleration seen in past three days, when coin’s price rose nearly 15%.
Large long positions from big players were the main driver of…
Read More...
Read More...
Dollar edges higher ahead of release of key US economic data on Thursday
The dollar index bounced on Wednesday, after 200DMA (103.52) repeatedly contained dips in recent sessions.
Reversal pattern is forming on daily chart and 14-d momentum is ascending from negative territory and pressuring the centreline,…
Read More...
Read More...