On Friday, the US Dollar extended its Federal Reserve caused surge. The US Dollar Index hit the 97.40 mark. Meanwhile, the EUR/USD reaches below 1.1125.
This week, Deutsche Bank revealed that it has experienced its most profitable year in a decade due to dealmaking.
The stock price of LVMH jumped by 5.27% at the start of Friday's trading, as the company announced that its sales growth had accelerated in Q4.
Since Wednesday's 19:00 GMT, the price for gold declined, as it was beat down by the strength of the US Dollar, which was caused by the US Federal Reserve reducing monetary stimulus.
This week, the US Securities and Exchange Commission revealed a proposal that would have hedge funds and private equity firms to disclose more data.
On Thursday, the United States Advance quarterly GDP was revealed to be at 6.9% instead of the market consensus forecast of 5.3%.
In the aftermath of the US Fed announcing monetary tightening on Wednesday, the USD began a surge. By mid-Thursday, the surge of the US Dollar index had reached above the 2021 high levels.
The US Dollar index has reached a three week high level. The surge was attributed to the Federal Reserve confirming that it would tighten its monetary policy.
Crude oil prices have broken the $90.00 per barrel level, which has not been observed since 2014. The surge has been attributed to Western tensions with Russia.
On Wednesday, the stock price of Chevron hit a new all-time-high level despite the ongoing market sell-off. The company had been benefiting from recent high oil prices.
On January 26, the US Federal Reserve Federal announced that it would finish monthly bond-buying taper in early March, it would soon be appropriate to raise the Federal Funds Rate and US economy is improving, but the pandemic is still having an impact.
At 19:00 GMT, the global financial markets reacted to the US Federal Reserve announcement, which impacted all assets. The US markets reacted to the news with an immediate sharp move up, as the value of the USD plummeted.
During early Wednesday's US trading, crude oil price indices reached new high levels, beating previous highs. In addition, Brent crude oil hit $90.00 per barrel, which is the highest level since October 2014.
At the start of Wednesday's US trading, US stock indices surged, as indices returned to trading near January 20 levels. Meanwhile, note high volatility incoming at 19:00 GMT, as the Federal Reserve is set to make a rate statement and publish monetary statement.
At 15:00 GMT on Wednesday, the Bank of Canada made a rate statement and policy announcement. The Canadian Dollar reacted to the event by plummeting. The USD/CAD reacted by immediately jumping 86 base points or 0.68%.
At the start of Wednesday's trading, the stock price for Microsoft jumped more than 6.00%, as the company published better than forecast earnings. The stock price returned to trade at January 20 levels.
On Tuesday, 3M announced that due to home improvement demand and personal safety products, the company had beat its last quarter profits.
This week, Toyota announced that the company expects to produce eleven million cars in 2022.
On Tuesday, Johnson & Johnson announced that the company expects a 46% covid vaccine sales increase in 2022.
This week, Berkshire Hathaway revealed that it's this year shareholder meeting could occur in-person for the first time in three years.
On Tuesday, General Electric announced that supply chain issues are bound to hit the company's quarterly revenues. The stock price of the company plummeted due to the news.
This week, Credit Suisse revealed that the Federal Reserve might start outright asset sales to reduce the central bank's balance sheet.
On January 24, the pair passed the 2021 April high level and hit the 79.50 mark. The recent surge occurred due to the announcement of the Russian Central Bank that it would stop Forex Purchases.
On Tuesday, Credit Suisse announced that it the company's problems had been increasing and are set to impact quarterly profits.