Analysis

Possible Scenarios for End of This Month

Possible Scenarios for End of This Month

In April, the dollar underwent a slower correction compared to March. In response to persistent inflation, the Federal Reserve raised its key rates by 25 basis points to 5.00%-5.25% at the start of May.
ACY Securities | 775 days ago
Debt Default Back on Table as Manufacturing Melts

Debt Default Back on Table as Manufacturing Melts

Senator McCarthy’ has totally rejected the idea, put forward the day before by some Democrats, that staffers meetings had made significant progress. The Senator says this is not the case at all, and the differences between the two sides remain huge with little if any common ground.
ACY Securities | 775 days ago
Pound drops after UK labour data

Pound drops after UK labour data

Asian markets rise despite weaker Chinese economic data. US debt ceiling negotiations and potential cash shortage in June remain concerns. UK labor market data shows slight softening. German ZEW survey predicts declines in economic sentiment. US industrial production and retail sales data to support Fed's pause. Japanese Q1 GDP expected to show growth. Pound and Australian dollar decline.
Moneta Markets | 775 days ago
Crude Oil Price Continues to Fall

Crude Oil Price Continues to Fall

Oil continues to fall at the start of another May week. A barrel of Brent crude fell to 73.70 USD. The sell-off in the commodities market has been ongoing for several weeks.
RoboForex | 776 days ago
USD: Dancing on the Debt Ceiling

USD: Dancing on the Debt Ceiling

Investor confidence remains delicate due to the lack of progress in raising the US debt ceiling. However, a meeting between US National Security Adviser Jake Sullivan and China's top diplomat Wang Yi aimed to improve relations and reduce yields on US Treasury bonds, providing a slight boost to investor sentiment.
ACY Securities | 776 days ago