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Oct 28, 21 •
1835 Views •
Forex News, Hot Trading News, Top News •
Zahir Shah
Comments Off on Crude oil slips to 2-week lows, bulls still hold
Oil prices fell to their lowest level two weeks after official data showed an unexpected surge in US crude oil inventories. In addition, rising COVID-19 cases in Europe, Russia, and some outbreaks of infections in China shattered hopes for an economic...
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Oct 28, 21 •
2117 Views •
Forex News, Hot Trading News •
Zahir Shah
Comments Off on Turkish lira collapses to historic lows after rate cut by Erdogan’s order
The Turkish lira collapsed to a record low in trading on Thursday after the national central bank eased monetary policy for the second time in a row, despite a sharp acceleration in inflation. The lira rate fell by almost 3% to 9.49 lira per dollar against...
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Oct 1, 21 •
1852 Views •
Forex News, Hot Trading News, Top News •
Zahir Shah
Comments Off on US Dollar Rises amid Fed’s Tightening Policy
The US dollar held steady in the European session on Thursday, expecting the Fed to start rolling back stimulus measures at its next meeting in November. During a discussion at the ECB’s Forum on Central Banks, Fed Chairman Jerome Powell said inflation...
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Sep 30, 21 •
1989 Views •
Forex News, Hot Trading News, Top News •
Zahir Shah
Comments Off on The dollar broke off the brakes in anticipation of the tsunami of US debt
The dollar is rapidly rising for the second day in a row and has renewed record values for almost a year. The dollar index, which reflects the rate against six key world currencies, jumped 0.56% on Wednesday and reached 94.3 points – the highest...
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Sep 29, 21 •
2248 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on Fed Unfolding Policy, Greenback to Fly amid Tightening
After a year and a half of zero interest rates and a “printing press” policy, the US Federal Reserve is preparing to hit the brakes. The US central bank plans to soon cut back on the asset repurchase program, through which nearly $ 4 trillion has...
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Sep 28, 21 •
1780 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on Weather, Supply Disruptions to Exalt Gas Prices
The electricity tariffs have soared 40% in Germany and France over the past two weeks. In countries like the UK and Spain, governments rush to take emergency measures to protect consumers. As a result, from aluminum smelters in Mexico to fertilizer plants in...
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Aug 31, 21 •
2509 Views •
Forex News, Hot Trading News •
Zahir Shah
Comments Off on Dollar falls to a two-week low, absorbing shocks of Powell’s speech
Tuesday, the dollar hovered around two-week lows against a basket of currencies. This week, US employment data will be closely watched by investors for clues about when the stimulus will be reduced. In the meantime, the Chinese yuan didn’t pay much...
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Jul 30, 21 •
3156 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on Fed Head Unable to Understand What’s Happening with US Debt Market
Don’t be upset if you don’t understand why US Treasury yields are falling. Because Jerome Powell is also sitting in bewilderment with you on the same bench. Bonds have been climbing steadily for several months, despite accelerating inflation to a...
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Jun 22, 21 •
1696 Views •
Hot Trading News, Top News •
Zahir Shah
Comments Off on Oil attempting to grow on lifting restrictions
The price of oil (August Brent futures) on Tuesday, June 22, during the Asin session, increased above $ 74 per barrel of Brent. Participants in the black gold market are trying to stabilize oil prices amid hopes for an increase in demand for hydrocarbons in...
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Jun 18, 21 •
2184 Views •
Forex News, Hot Trading News, Top News •
Zahir Shah
Comments Off on Global markets suffering after Fed’s rate hike forecast
Global equity markets were mostly lower on Thursday after the Federal Reserve indicated it could ease economic stimuli earlier than previously thought. London and Frankfurt opened lower while Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. U.S....