July 13 2022 🕓 2 min
Spain plans extra taxes for energy firms and banks
The country wants to help its population with inflation and expensive energy. The government expects to adopt new taxes in 2023 and 2024.
Tag: Inflation
July 13 2022 🕓 3 min
NZD/USD unimpressed by a massive rate hike
There was no volatility following the latest RBNZ decision as traders are likely getting ready for today's US inflation data.
July 11 2022 🕓 2 min
Gold accumulates volume at 11 months support
After a significant decline to 11 months old support, gold is flat and accumulates volume before important US inflation data.
July 6 2022 🕓 2 min
Reserve Bank of Australia raises base rate
The Reserve Bank of Australia (RBA) raised its base rate by half a percentage point to 1.35%. It shows us the fastest increase since 1994.
July 2 2022 🕓 3 min
World Bank chief economist talks about global recession
World Bank (WB) Chief Economist Carmen Reinhart doubts that the US and global economies will be able to avoid a recession.
July 1 2022 🕓 3 min
EUR/USD drops after highest inflation reading ever
Today, the euro has been under pressure in a downtrend channel, as the market awaits the release of the ISM manufacturing PMI for June.
June 28 2022 🕓 2 min
Hungarian central bank unexpectedly raised the base rate
Hungary's central bank shocked financial markets today by raising its key interest rate sharply. It increased by 1.85% to 7.75%.
June 27 2022 🕓 7 min
Weekly macro report – recession fears ahead
The Macro Report reveals what caused market's movement in the previous week. Also includes thoughts on recession fears and inflation peaking.
June 22 2022 🕓 3 min
GBP/USD erases post-CPI losses, climbs to daily highs
It looks like the GBP has quickly erased today's post-CPI losses as traders are selling the greenback heading into Powell's testimony.
June 19 2022 🕓 2 min
The US housing market is going through tough times
Mortgage rates in the US rose by more than 0.5% this week, an increase not seen in decades. This may be a problem for many Americans.
June 17 2022 🕓 2 min
What can happen if BTC holds USD 20k?
20k is ATH from the previous cycle. This level can hold for a while, but what happens after that?
June 17 2022 🕓 3 min
GBP/USD jumps to 1.23 amid USD weakness
The Bank of England has decided to raise the Bank Rate by 25 basis points to 1.25%. The central bank declared that inflation is set to peak at an alarming 11 percent by the end of the year.