News

Thu, 16 Dec 2021 06:30:11 GMT

Netherlands invest in energy

This week, the government of the Netherlands announced that it would invest additional 35 billion Euros into carbon neutral energy, possibly including nuclear power plants.

Wed, 15 Dec 2021 19:03:32 GMT

USD jumps on Fed Statement

At 19:00 GMT, the US Federal Reserve published its Statement and Federal Funds Rate. The event caused an immediate surge of the US Dollar. The EUR/USD plummeted 34 base points or 0.30% immediately on the announcement.

Wed, 15 Dec 2021 14:30:15 GMT

IMF warns Bank of England

The International Monetary Fund issued a warning to the Bank of England that inaction on inflation could cause a 30-year-high price surge.

Wed, 15 Dec 2021 13:46:45 GMT

USD/CAD moves due to Canadian CPI

On Wednesday, at 13:32 GMT, the Canadian Consumer Price Index was published. The inflation measure hit the forecast of 0.2%. Due to that reason, the market reaction was muted, as the USD/CAD surged only 17 base points or 0.13%.

Wed, 15 Dec 2021 13:35:46 GMT

US Retail Sales beat down USD

At 13:30 GMT on Wednesday, the publication of the US Retail Sales caused a drop of the USD value. The EUR/USD surged 13 base points or 0.12% in the first five minutes after the data release.

Wed, 15 Dec 2021 12:30:08 GMT

Europe faces low gas inventories

Gas Infrastructure Europe has revealed that gas inventories in Europe could reach record low levels by the end of this winter due to low volumes from Russia and an early winter.

Wed, 15 Dec 2021 10:30:05 GMT

IMF addresses Bank of England

This week, the International Monetary Fund urged the Bank of England to give non-bank financial institution access to liquidity.

Wed, 15 Dec 2021 08:46:23 GMT

UK inflation causes rate spikes

On Wednesday, at 07:00 GMT, the UK Inflation data was published. The event caused a spike in the value of the GBP. However, the currency almost immediately returned to previous levels.

Wed, 15 Dec 2021 08:30:08 GMT

HSBC advises clients on coal

Reuters revealed on Tuesday that HSBC had advised its clients to have a plan to cut exposure to coal by the end of 2023.

Wed, 15 Dec 2021 06:30:06 GMT

Tesla accepts Dogecoin

Elon Musk posted on Twitter on Tuesday that Tesla would issue Dogecoin merchandise and sell it for Dogecoin.

Tue, 14 Dec 2021 14:30:07 GMT

Apple approaches $3 trillion value

On Tuesday, a potential continuation of the surge of the stock price of Apple could put the company's total market capitalization at $3 trillion.

Tue, 14 Dec 2021 12:30:06 GMT

Elon Musk sells stock

US securities filings have revealed that the CEO of Tesla Elon Musk had sold on Monday additional 934,091 Tesla shares. The total value of the CEO's stock sale had reached $13 billion.

Tue, 14 Dec 2021 10:30:08 GMT

Oil prices fall due to Omicron

During this week's trading, crude oil prices declined. The decline was attributed to the spread of the Omicron variant, which could cause a decrease in demand.

Tue, 14 Dec 2021 08:30:09 GMT

USD hits high level

On Tuesday, the US Dollar index fluctuated near a one week high level, as the Federal Reserve rate announcement was set to be published on Wednesday.

Tue, 14 Dec 2021 07:12:24 GMT

Asian stocks decline

During Tuesday's Asian trading hours, stock indices declined. The event was attributed to the spread of the Omicron coronavirus variant.

Mon, 13 Dec 2021 14:30:12 GMT

Shell moves to London

Shareholders of Royal Dutch Shell have voted in favor for ending the company's dual share system and a move of headquarters to London.

Mon, 13 Dec 2021 12:30:10 GMT

Microsoft wins antitrust case

Reuters revealed last week that Microsoft would gain the approval of EU regulators for a $16 billion bid for Nuance Communications.

Mon, 13 Dec 2021 10:30:08 GMT

Lockheed wins Finnish order

It was revealed on Friday that Lockheed Martin F-35 airplanes had won a tender in Finland to replace the country's F/A-18 jets.

Mon, 13 Dec 2021 08:30:07 GMT

Bank of Japan decreases stimulus

Reuters revealed on Friday that this week the Bank of Japan could decide to decrease emergency funding that was started in 2020.

Mon, 13 Dec 2021 06:30:08 GMT

Toyota suspends production

On Friday, Toyota announced that the company would suspend production at two more factories. The announcement brings the total number of closed factories to four.

Fri, 10 Dec 2021 14:30:08 GMT

Oil prices recover despite production hikes

This week, oil prices recovered to the $75.00 level despite the recent OPEC announcement of a production increase.

Fri, 10 Dec 2021 13:33:24 GMT

US inflation is higher than forecast

At 13:30 GMT on Friday, US monthly Consumer Price Index data was published. The EUR/USD reacted to the news with a 22 base point or 0.19% jump upwards, as the USD lost value.

Fri, 10 Dec 2021 12:30:10 GMT

Mexico experiences record inflation

Data published on Thursday revealed that Mexican inflation had reached 7.37% on a year-to-year basis, which is the highest level in two decades.

Fri, 10 Dec 2021 08:30:10 GMT

JPMorgan comments on 2022

JPMorgan revealed this week that the bank expects a full global economic recovery and end of the coronavirus pandemic in 2022.

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