News
Bank of Japan’s stimulus expansion announcement caught markets by surprise
On Friday, the Bank of Japan shocked investors by announcing an increase in stimulus in response to meager economic and inflation growth. The Bank of Japan spurred a monetary surprise by disclosing a fresh expansion in its stimulus spending, thus clearly demonstrating frustration with inflation growth and economic pace being hampered by the sales tax More...
US state that ECB actions might be insufficient to stop the euro zone from repeatedly sinking into a recession
The US issued another warning regarding the struggling European economy, pointing out that Germany can help by boosting consumer spending, and said further ECB actions may be warranted. The US issued yet another More...
US dollar slumps as meager US data fuel interest rate speculations
Wednesday’s disappointing US economic data result in a dollar selloff, indicating a shift in investors’ expectations about the timing of the Fed interest rate hikes. The EUR/USD rallied to a three-week high, More...
S&P 500 investors increasingly focusing on technicals as the benchmark breaches key levels
The Standard & Poor’s 500 closed below its 200-day moving average for a second day in a row, signaling further losses are highly possible. In the absence of earnings or other economic data to be used as guidance, More...
The Fed indicate dollar firmness and global economic slowdown as threats to US recovery
The Federal Reserve minutes released on Wednesday show central bankers’ anxiety about the strong US dollar and the global economic slowdown. The minutes released of the Federal Reserve’s last policy meeting, More...
ECB starts purchasing rebundled debt in weeks
ECB announced its plans for buying rebundled debt packets in the coming weeks, to boost the flagging euro zone economy. The European Central Bank announced on Thursday it is planning the purchases оf rebundled More...
US dollar gains as Fed’s monetary path diverges from the ones of ECB and BOJ
The US dollar traded higher against other major currencies on Wednesday, with investors eager to see the anticipated end of the Fed’s bond-purchasing program. The US dollar traded higher against other major currencies More...
Facebook starts charging users monthly fees from November 1
Facebook has announced today that it is introducing a monthly fee of $2.99 from November 1, but users still have options to use it free, with some limitations. Facebook surprised millions of users with the news More...
ECB struggles to salvage euro zone from deflation, while the Fed sees US economy recovering
As the ECB is to announce a new attempt to steer the euro zone away from deflation, US jobs data to be released on Friday are expected to show the US economy is recovering, and the time has come for the Fed to suspend More...
Gold price nearing a point where mine cuts and shutdowns are about to increase
Gold price, down by 36.7 percent in the past three years, is now nearing the verge after which a number of mines are likely to scale down production, while others would shut down. The price of gold, having already More...
