UK Inflation Rose to New 40 Year Highs, GBP/USD Cautious
CPI Inflation accelerated 9.4% y/y in June as today’s data showed, aggravating cost-of-living fears, while the Pound consolidates it recent gains against the greenback
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CPI Inflation accelerated 9.4% y/y in June as today’s data showed, aggravating cost-of-living fears, while the Pound consolidates it recent gains against the greenback
A Reuters report suggests that officials of the European Central Bank will discuss about raising rates by 25 or 50 bps, which sends the pair higher, whereas bets for an outsized move by the Fed cool down
The pair starts the week on the offensive, helped by supportive BoE commentary and the greenback's slide, as market expectations around the Fed settle down
The latest earning season got underway, with the banking sector and Delta Airlines in the spotlight, while more developments such as Amazon’s Prime Day, drew our attention this week
Two prominent hawks poured cold water on market bets for 1% rate increase and the pair backs-off today, from Thursday’s twenty-four year highs
US CPI Inflation hit new four decade high in June, as Wednesday’s data showed, sparking aggressive market expectations for another outsized move on rates by the US central bank
The US airliner continues its recovery from the Covid-19 lockdowns that devastated the industry, returning to profits in the second quarter of the year
USOil finds reprieve after yesterday’s plunge, as the International Energy Agency (IEA) talks of critically low inventories, in today’s latest monthly report
The central bank of New Zealand pressed on the tightening front, with another aggressive 50 basis points hike, but NZD/USD is little changed, as markets brace for another inflation update from the US
The pair extends its decline, as the Dollar’s appeal remains high amidst poor sentiment and favorable monetary policy differential
These are the 10 largest publicly traded companies in the world by market capitalisation as of 3 June 2022 in U.S. dollars (USD). Market cap is calculated by multiplying the number of the company's common shares outstanding by the market value of each share. 1. Saudi Aramco Saudi Aramco, or Saudi Arabian Oil Company, is the largest company in the world by market capitalization at US$8.9 trillion, although its publicly…
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