Global News

The commodity is in a consolidation pattern this week, but finds support as US EIA stockpiles shrunk and the CEO of oil giant Aramco warned of low spare capacity

The pair is running its second straight profitable week, but faces pushback ahead of key technical levels, after yesterday’s rather hawkish minutes by the Fed

Snap issued a profit warning on Tuesday, causing its stock to plunge and weighed on other tech stocks and the NAS100, amidst an unfavorable environment for the tech sector

NZD/USD jumped after the Reserve Bank of New Zealand hiked interest rates by 50 basis points, to 2%, the highest level since September 2016

During the week of May 16-20 Twitter remained in the spotlight, Wall Street languished as poor results from major retailers reignited fears of stagflation, China’s Xiaomi saw a revenue drop, while more news were in the spotlight

Japan’s core Consumer Price Index (CPI) jumped above the central bank’s 2% target in April as today’s data showed, with the pair trading with caution and heading towards another losing week

The common currency rises today, helped by somewhat hawkish minutes from the European Central Bank and the US Dollar’s demise

The US Index posted its worst day since the height of the pandemic yesterday, as major retailers saw their bottom lines getting crushed, causing risk aversion and renewed fears of stagflation

Unemployment in Australia dropped to the lowest level in nearly 50 years, sending the Aussie higher and making the central bank’s recent tightening efforts easier, ahead of this week’s elections

Large US retailers were in focus this week, as they reported their earnings, which showed lower profitability and margins in an environment of high inflation

The common currency loses steam after the solid start to the week, as mr Powell reasserts his hawkishness and Eurozone inflation stabilizes