Forex News May 25, 2022
Europe Risk sentiment is slightly higher heading into European morning trade. Equity futures are higher as the session begins. Consider the following changes in stock futures: • S&P 500 futures are up 0.4%. • Nasdaq futures are up 0.6%. •…
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Euro’s latest bounce
While European growth prospects were improving, the Russia-Ukraine conflict served as a wake-up call, adding to inflationary pressures and rising energy costs. Since June last year, it has been rather one-way traffic for the euro against the dollar as the…
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Soaring inflation raises the prospect of a worsening global crisis.
The US Federal Reserve and other major world central banks described the initial inflation rise as transitory and seen as a temporary phenomenon, primarily caused by the fast growth of the economies post-pandemic, which was expected to peak in early…
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Forex News May 24, 2022
Germany Germany May flash manufacturing PMI 54.7 vs 54.0 expected Even though manufacturing conditions improved slightly month on month, the German services sector remains resilient, supporting economic activity. Nonetheless, there were signs that market uncertainty, rising prices, and supply issues…
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ECB President: “crypto is worth nothing”
Lagarde urged global policymakers to enact rules to protect inexperienced investors who make large bets on digital assets. This year, cryptocurrency prices have plummeted across the board, with bitcoin, the world's largest, losing more than half of its value since…
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