June 16 2022 🕓 3 min
Fed fights inflation and raises interest rates by 0.75%
The US Federal Reserve raised the base interest rate by 0.75%. It continues to tighten monetary policy in an attempt to tame high inflation.
Tag: Inflation
June 15 2022 🕓 3 min
USD/CHF fails at parity again, awaits FOMC verdict
Today's FOMC verdict will surely bring massive volatility to the FX market, influencing the USDCHF pair.
June 14 2022 🕓 2 min
India faces record-high consumer price growth
India is facing the fastest year-on-year rise in wholesale prices in more than 30 years, putting a lot of pressure on inflation.
June 13 2022 🕓 3 min
Higher demand for safe havens after inflation data
The shock from higher-than-expected inflation data sparks higher demand for safe havens as gold's low/high range was +2.91%.
June 10 2022 🕓 2 min
Russia’s central bank cuts interest rates to pre-war levels
Russia's central bank said that inflation and economic activity are developing better than expected, despite extensive Western sanctions.
June 7 2022 🕓 2 min
World Bank fears stagflation and cuts global growth forecast
The World Bank cut its global growth forecast for 2022 by almost a third to 2.9% and added fears of stagflation.
June 6 2022 🕓 2 min
Gold accumulates volume before big macro data
Gold's side move shows the significant accumulation of volume before inflation data at the end of the week.
June 6 2022 🕓 3 min
US bonds yields advance after jobs data, await US CPI
This week, we will learn about the latest inflation data and consumer confidence, likely sending US yields further higher.
June 5 2022 🕓 2 min
Turkey faces record inflation that is likely to get worse
Turkey's annual inflation rate climbed to a 24-year high of 73.5% in May, boosted by rising energy prices and a fall in the lira.
June 3 2022 🕓 2 min
Ukraine’s central bank raises interest rates to record levels
Ukraine's central bank today raised its benchmark interest rate from ten to 25%, the highest in seven years.
June 2 2022 🕓 3 min
USD/CHF remains pressured near 6-week lows
It looks like the USD may drop to new swing lows against the Swiss Franc as the selling pressure remains solid.
June 1 2022 🕓 2 min
Inflation in the euro area rose again in May
The euro area's annual consumer price inflation accelerated to 8.1% in May, compared with 7.4% in April. This is mainly due to energy prices.