Global News

The pair is having a bad day, unable to build on Wednesday’s post-Fed rise, but covers some of its losses, helped by the greenback's negative reaction to the US GDP contraction

The US economy posted second back-to-back quarterly negative GDP, according to the preliminary data that were just released, against expectations for marginal growth

The US central bank delivered another 75 basis point rate increase on Wednesday, but offered no guidance, while reiterating its commitment to bring inflation down and brushing off recession fears

Black gold steadies after a volatile day, as investors weighed IMF’s lower economic growth forecasts and API’s stock drawdown, while awaiting the Fed later in the day

Australia’s Consumer Price Index hit the highest levels in two decades, but was a tad lower than expected and the pair is cautious, as markets brace for the Fed’s monetary policy decision

The pair lost ground last week, as expectations around the Fed’s next move cooled down, but today it consolidates and tries to hold above key technical levels

ECB President Lagarde asserted the bank’s commitment to bringing down inflation over the weekend, in the aftermath of the hefty 0.5% rate lift-off, but the pair is cautious as markets brace for the Fed’s policy meeting

The earning season heated up this week (July 18-22), as Tesla, Netflix and Snap released their results, while more news stood out, such as Ford’s EV update and more

Today’s preliminary data showed that Eurozone and Germany manufacturing activity contracted in July, but the German index is constructive

The European Central Bank raised rates for the first time since 2011 on Thursday, by more that it had previously pointed to, with the pair dropping today as EZ factory activity contracts

The central bank raised rates for the first time in eleven years today, opting for a bolder 50 basis points, against its previous forwards guidance for a more modest move