Risks Assets Soar as USD Retraces

APAC Overview Overnight sessions saw the Nikkei climbing by 2.31%. That came after Japan’s economy soared more than first reported in Q2. GDP (Gross Domestic Product) grew by 3.5% in Q2 year-on-year. That was stronger than the 2.2% annualized preliminary estimate. Also, the GDP growth was better than the 2.9% median market prediction.  Private consumption … Read more

EUR/USD: Here’s Why The EU Energy Ministers Meeting May Be Bad For The Euro

The EUR/USD pair price action following a hawkish European Central Bank (ECB) Thursday session was disappointing as the meeting failed to address the lingering value slump of the Euro. The ECB’s Cautious Stance Offers Little Approval According to ING economic experts, they expect the EU energy ministers’ discussion to put additional downward pressure on the … Read more

USD To Stand Strong Until The End Of The Year, Says Wells Fargo

Despite measures from most central banks to limit the supply of U.S. dollars, the currency has what it takes to end the year stronger, according to Wells Fargo. The U.S. Dollar is Expected to Stay Robust Analysts are America’s multinational financial services firm; Wells Fargo is confident about the USD’s continued strength. The analysts expect … Read more

Wall Street Slumps Amid Powell’s Hawkish Comments

According to a Reuters report, the United States stock indexes plummeted again on Thursday after a broad recovery in the previous trading session. Powell’s Hawkish Remarks Triggers Stock Slip The U.S Federal Reserve chairman, Jerome Powell, recently hinted at another possible interest rate hike for September. Powell’s statement led to the stock market spiraling down … Read more

Reserve Bank of India To Begin CBDC Pilot Test

The Reserve Bank of India (RBI) has announced that it will start the pilot test phase for its central bank digital currency (CBDC) and will involve four banks. RBI to Commence CBDC Drive with Four Banks Also known as the central bank of India, the RBI will begin its CBDC trial by using four public-private … Read more

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