The President of Philadelphia Federal Reserve Patrick Harker revealed this week that it would be appropriate to raise the Federal Funds Rate four times during 2022.
On Tuesday, Tesla announced that the company is recalling 54,000 vehicles that are reportedly disobeying stop signs.
This week, ExxonMobil published the company's best quarterly results in a period of seven years. The profits were boosted by high crude oil prices.
This week, Standard Chartered published a research note, in which it was stated that US Treasury yield curve could flatten by the middle of 2022.
Dukascopy steps forward with the next generation of its flagship desktop trading platform - JForex4. It has been released on DEMO accounts.
This week, Goldman Sachs announced that it is cutting its 2022 GDP growth forecast from 3.8% to 3.2%.
On Monday, Meta Platforms revealed that in the near term future it would release the financial results for its virtual reality hardware unit.
This week, Reuters published a report that revealed that demand for oil could increase by 3-5 million barrels per day in 2022.
Data released this week has revealed that Euro zone economic recovery had slowed down in the fourth quarter of 2021.
On Friday, data released by statisticians revealed that the French economy had grown by 7.00% in 2021, as the country recovered from the coronavirus slump.
The German Economy Minister Robert Habeck stated on Friday that German economic growth would slow down to 2.3% in 2023.
Reuters revealed on Friday that Chinese securities regulators had met with foreign bank representatives to calm economic concerns.
Last week, crude oil price benchmarks have booked their sixth week of weekly gains amid concerns about supplies. Prices had reached 2014 high levels.
During the last week, the US Dollar booked its biggest gains in a period of seven months. The moves was attributed to US rate hike expectations.
On Friday, H&M announced that the company would look past the pandemic with a target to double its sales by the year of 2030.
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.