The New Zealand dollar (NZD) begins the week at 0.6116, with minimal change. However, last week witnessed a significant 2% dip, causing the NZD to hit a five-week low. The economic landscape in New Zealand remains challenging, as evidenced by the Performance of Services Index (PSI). The PSI report indicates three contractions in the second
As the Federal Reserve faced scrutiny over the trading activities of former Dallas Fed President Robert Kaplan and former Boston Fed President Eric Rosengren in 2020, the aftermath led to retirements, public skepticism, and a review of ethics rules within the central bank. Although the investigation by the Federal Reserve’s inspector general concluded without charges,
A recent watchdog review conducted by the Federal Reserve’s Office of Inspector General has examined the market trading activities of two former high-ranking officials: Robert Kaplan of Dallas and Eric Rosengren of Boston. While the report does not accuse either of illegal behavior, it raises concerns about their actions and their potential impact on impartiality
The EUR/USD pair is facing uncertainty as traders brace themselves for a busy week filled with central bank announcements. The European Central Bank (ECB) is set to release its Bank Lending Survey and January’s preliminary Consumer Confidence report on Tuesday, followed by a fresh round of euro area Purchasing Manager Index (PMI) figures on Wednesday.
The U.S. Dollar Index (DXY) has demonstrated consistent performance in January, reaffirming its position as a dominant force among developed market currencies. Despite fluctuating market expectations and central bank decisions globally, the index has remained stable at a level of 103.214. This article examines the factors contributing to this stability and analyzes the potential trajectory
Brent crude oil prices are experiencing a moderate increase as the new week begins, currently hovering around $78.40 per barrel. This upward trend can be attributed to the evolving perspective on energy demand. Recent macroeconomic data has raised some concerns about future demand, which has somewhat offset the factors that were previously bolstering prices, such
The week in Asian markets brings a series of important events and decisions that are likely to shape the region’s economic landscape. From China’s interest rate decision to the Bank of Japan’s policy announcement, investors are eagerly awaiting these crucial events with hopes of favorable outcomes and market relief. However, uncertainties prevail as both the
The People’s Bank of China (PBoC) is set to determine the 1-year and 5-year loan prime rates (LPR) in an attempt to support the Chinese economy. Economists are predicting that the rates will remain unchanged at 3.45% and 4.20% respectively. While more accommodative measures could boost the Australian economy and increase demand for the AUD/USD,
IDFC FIRST Bank, a leading bank in India, has announced impressive financial results for the third quarter of the fiscal year 2024. The bank has recorded a notable 18% increase in net profit, reaching Rs 716 crore. This significant growth can be attributed to the bank’s strong performance in net interest income (NII) and fee
The Utah Jazz, a prominent team in the National Basketball Association (NBA), is expanding its reach beyond the borders of the United States in search of international basketball talent. Led by Danny Ainge, the team’s CEO and governor, the Jazz has established a network of scouts spanning the globe. With a presence in South America,
Crude Oil markets experienced a week of volatility, with prices reaching new highs before settling back on Friday. West Texas Intermediate (WTI) Crude Oil fluctuated between $74.50 and $73.00, reflecting the roller coaster ride that traders experienced throughout the week. While this price range might seem relatively small, it is important to note the underlying
Gold futures closed the week with modest gains, experiencing fluctuations in response to various market factors. The most active February futures contract saw an increase of $10 (0.49%) to reach $2031.60 at the end of the trading day. Despite the weekly decline caused by sharp drops on Tuesday and Wednesday, gold futures displayed resilience and