Tag: recession

DOLLAR IS STEADY AS POWELL'S SPEECH APPROACHES
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DOLLAR IS STEADY AS POWELL’S SPEECH APPROACHES

DOLLAR IS STEADY AS POWELL’S SPEECH APPROACHES The dollar, which was held for recent profits against the Euro and Sterling on Friday above the speech of the Chairman of the Federal Reserve Jerome Powell, expected by traders will offer clues on the planned tightening of the U.S. Central Bank tightening. Euro almost did not change […]

US economy contracts again in 2nd quarter
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US economy contracts again in 2nd quarter

According to the first reading of the Commerce Department on Thursday, the US economy contracts again in the 2nd quarter at a rate of 0.9% annually.   The expectation of the market was an expansion of 0.5%, after the largest economy in the world contracted 1.6% in the first quarter. The data occurs just a few […]

Another large rate hike is possible in September
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Another large rate hike is possible in September

Fed Chair Jerome Powell said on Wednesday that another large rate hike is possible in September as well. But, that will be decided according to the incoming data between now and then. The Fed decision regarding a third consecutive increase of 75 basis points – or something different – will be guided by the fact […]

5 Things to observe in markets
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Top 5 things to observe in markets following week

Traders must remain cautious about the top 5 things to observe in the markets following week. After the unexpected 50 basis points increase by European Central Bank, huge earnings miss from Snap, Twitter, and Seagate. This week Federal Reserve is also ready for another rate hike. All of the developments are out in Ukraine, and […]

Sri Lanka Raised Interest Rates
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Sri Lanka Raised Interest Rates

Running out of money Sri Lanka raised interest rates one percentage point, the second massive increase in the last three months. The central bank of Sri Lanka has already warned about the recession and 80% inflation as well. After the release of last month’s inflation data which indicates inflation at a record high of 54.6%, […]

Commodity Markets continuing downtrend
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Commodity Markets continuing downtrend

Due to the tight monetary policies of the central banks and fears of recession, commodity markets continuing downtrend last week. However, the slowdown in economic activities during the week is also reflected in the global macroeconomic figures. As a result commodity markets continuing downtrend. The risk appetite of investors has been negatively affected by the […]

Micro Strategy is Buying More Bitcoin
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Micro Strategy is Buying More Bitcoin

Micro Strategy is Buying More Bitcoin in This Crypto Crash Micro Strategy (NASDAQ: MSTR) has converted almost all of its cash reserves into Bitcoin-digital coins. Everyone can expect CEO Michael Saylor would be less passionate about crypto, as Bitcoin fell almost 60% in the first half of 2022, but the company is still buying more. […]

Dow Jones concludes the worst quarter since 2020
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Dow Jones concludes the worst quarter since 2020

Dow Jones concludes the worst quarter since 2020 On Thursday Dow Jones concludes the second quarter of the year with an enormous quarterly loss for two years. It happened because the latest economic data has increased the fear of recession in the consumers when Fed is recklessly determined to bring down inflation.   The S&P 500 […]

Goldman Sachs Oil Price Forecast
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Goldman Sachs Oil Price Forecast

Jeffrey Currie, global head of commodities research at Goldman Sachs told that Goldman Sachs oil price forecast is very high. He said the upside risk in crude oil prices and the refined product is enormously high. Currie also told the current price of crude oil is a buying opportunity as the situation of energy is […]