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US Bond Yields Spike as Markets Eye a Recession

US Bond Yields Spike as Markets Eye a Recession

25
Economy news
27.09.2022

US bond yields leapt this week after another significant rate hike from the Federal Reserve. The two-year treasury yield climbed to 4.3%, a 15-year high, and the 10-year treasury breached 3.9%, a level not seen in 11 years.The two-year treasury yield...

UK Policymakers Try to Calm Panicked Markets

UK Policymakers Try to Calm Panicked Markets

23
Economy news
26.09.2022

UK authorities are trying to soothe financial markets after plans by new Prime Minister Liz Truss to cut taxes while increasing borrowing caused alarm among investors concerned it could fuel inflation further and upend government finances.The Bank of...

The British Pound Plunges to Record Low Against Dollar

The British Pound Plunges to Record Low Against Dollar

30
FOREX news
25.09.2022

The British pound crashed to a new record low against the US dollar of $1.035 on Monday, freefalling more than 4%. The previous record low for the British pound against the US dollar was 37 years ago, when one pound was worth $1.054.The fall came dur...

Japan Is Scrambling to Help the Struggling Yen

Japan Is Scrambling to Help the Struggling Yen

24
FOREX news
22.09.2022

The Bank of Japan (BOJ) has been acting as a lone dove this year as other major global central banks aggressively hike rates to contain surging inflation.Continuing on a long-held monetary policy course, the BOJ steered clear of intervening to direct...

US Fed Hikes Interest Rates to Highest Level Since 2008

US Fed Hikes Interest Rates to Highest Level Since 2008

31
Economy news
21.09.2022

The US Federal Reserve has raised its key interest rate by a substantial three-quarters of a point for a third straight time.The Fed’s move pushed its benchmark short-term rate to 3.25%, the highest level since early 2008. The central bank also signa...

China Deepens Ties with Russia Through Coal Trade

China Deepens Ties with Russia Through Coal Trade

32
Economy news
20.09.2022

Ties between China and Russia are deepening, with Chinese trade providing Moscow with an economic lifeline as it faces international isolation over its war in Ukraine.China imported 8.54 million tons of Russian coal in August amid increasing energy d...

UK Company Insolvencies Shoot Past Pre-Pandemic Levels

UK Company Insolvencies Shoot Past Pre-Pandemic Levels

28
Economy news
19.09.2022

Following the end of pandemic-era support measures, the number of companies in the UK that declared insolvency last month was 42% higher than before the advent of COVID-19.Insolvencies dropped markedly during the pandemic, as the British government u...

British Pound Hits 37-year Low as UK Economy Stutters

British Pound Hits 37-year Low as UK Economy Stutters

24
FOREX news
18.09.2022

The British pound plunged to a 37-year low this past Friday after new data showed consumers haveslowed spending, raising fears that the economy may already be in a recession.The currency fell below $1.14, a level not seen since 1985. Retail sales in...

Continued Fed Rate Hikes Affecting Bond Markets

Continued Fed Rate Hikes Affecting Bond Markets

39
Economy news
14.09.2022

An increasing number of analysts are predicting that persistently high inflation will force the Federal Reserve to resort to the biggest increase in a key US interest rate in more than 40 years.At the last two meetings, the US Fed raised the targeted...

Bitcoin May Be Ready to Rise Again

Bitcoin May Be Ready to Rise Again

74
Cryptocurrency news
12.09.2022

Recent events suggest Bitcoin may be primed for an upswing. The world’s largest cryptocurrency rose a day before the release of the latest US inflation reading.Bitcoin was recently trading at about $22,200, up almost 2% over the past 24 hours. The to...

US Mortgage Rates Hit Highest Level Since 2008

US Mortgage Rates Hit Highest Level Since 2008

30
Economy news
11.09.2022

US mortgage rates scaled their highest level in 14 years, edging closer to 6% this week, as the market priced in continued aggressive Federal Reserve interest rate hikes.The 30-year fixed mortgage rate averaged 5.89% during the week ending September...

China's Trade Weakens as Global Demand Falters

China's Trade Weakens as Global Demand Falters

32
Economy news
08.09.2022

China's exports and imports slowed in August, with growth badly missing forecasts as surging inflation hobbled overseas demand and more COVID-19 lockdowns disrupted local output.Exports climbed 7.1% in August from a year earlier, slowing from an 18.0...

Euro Slides to 20-Year Low after Russia Throttles Gas Supplies

Euro Slides to 20-Year Low after Russia Throttles Gas Supplies

43
FOREX news
05.09.2022

The embattled euro has fallen below $0.99 – a new two-decade low – after Russia stopped gas supplies to Europe, heightening fears of a deep energy crisis across the continent.The euro has lost 20% of its value in the past three months. Europe is desp...

Turkish Inflation to Peak Above 80/100

Turkish Inflation to Peak Above 80/100

0
Economy news
04.09.2022

Inflation in Turkey is set to climb to above 80% soon, more than 16 times the central bank’s official target. Analysts believe this will leave price expectations of Turkish consumers entrenched at elevated levels for years to come. For most of the ye...

Yen Falls to 24-year Low Against US Dollar

Yen Falls to 24-year Low Against US Dollar

35
FOREX news
01.09.2022

The Japanese yen has fallen to a 24-year low against the dollar as investors brace for higher US interest rates.One dollar is now worth more than 140 yen for the first time since 1998, as the greenback continues its period of strength against most ma...