March 1, 2024 8:11 am
Spot Silver was little changed not far from a three-day high of $22.785, after the latest US data implied price pressures were easing, while expectations of a Fed interest rate cut in June remained largely unaffected. The US core PCE Price Index, the Federal Reserve’s preferred measure of inflation, rose 2.8% YoY in January, in […]
Read moreFebruary 29, 2024 1:55 pm
Canada’s economy expanded 0.2% quarter-on-quarter in Q4, the latest data by Statistics Canada showed, following a revised up 0.1% contraction in Q3. Last quarter, Canada’s exports of goods and services surged 1.4%, mostly supported by a 6.2% increase in shipments of crude oil and crude bitumen. Total imports of goods and services went down 0.4% […]
Read moreFebruary 29, 2024 8:32 am
Switzerland’s economy grew 0.3% quarter-on-quarter in Q4 of 2023, the latest data by the State Secretariat for Economic Affairs showed. The latter matched the rate of growth in the previous quarter and exceeded a consensus of analyst estimates of a 0.1% expansion. The country’s manufacturing sector registered a 0.1% contraction in Q4, as exports in […]
Read moreFebruary 28, 2024 10:47 am
Euro Area’s economic sentiment surprisingly deteriorated in February, the latest data by the European Commission showed. The economic sentiment indicator came in at a reading of 95.4 in February, down from 96.1 in the prior month and below market expectations of 96.7. Sentiment was still subdued, as corporate entities and consumers looked to weather persistently […]
Read moreFebruary 28, 2024 8:24 am
The GBP/NZD currency pair rose sharply on Wednesday, after the Reserve Bank of New Zealand delivered a less hawkish message than some had expected at its February policy meeting. The central bank kept its official cash rate unchanged at 5.5%, in line with market consensus, while extending the rate pause for a fifth consecutive meeting. […]
Read moreFebruary 27, 2024 12:41 pm
The USD/SEK currency pair edged higher on Tuesday, but hovered just above a 6-week low of 10.2475, as market players looked ahead of key US and Swedish macro data prints due to be released later in the week. The second estimate of US GDP growth for Q4 is slated to be released tomorrow. The US […]
Read moreFebruary 27, 2024 9:55 am
The NZD/USD currency pair traded little changed on Tuesday, after pulling back from a 5-week high of 0.6218, ahead of the outcome of the RBNZ’s policy meeting on February 28th. Market players will also pay attention to several key US macro data prints later this week, which may provide fresh clues regarding the timing of […]
Read moreFebruary 27, 2024 8:36 am
The NZD/JPY currency pair pulled back from recent 109-month high of 93.449 ahead of the outcome of the RBNZ’s policy meeting on February 28th, while data showed Japan’s headline inflation had dropped to its lowest level since March 2022. Annual inflation rate in Japan was reported at 2.2% in January, down from 2.6% in December, […]
Read moreFebruary 26, 2024 12:41 pm
Elbit Systems Ltd (NASDAQ: ESLT) said on Monday that it had been awarded a contract worth about $600 million to supply systems to Hanwha Defense Australia for the Australian Land 400 Phase 3 Project. The above mentioned project is to deliver advanced protection, fighting capabilities and sensors suite to the Redback Infantry Fighting Vehicles for […]
Read moreFebruary 26, 2024 9:04 am
Futures on US West Texas Intermediate Crude Oil retreated for a second straight trading day on Monday, as the US Dollar remained firm on prospects that higher-than-expected inflation could delay potential interest rate cuts by the Federal Reserve. Markets are now expecting that the US central bank will not begin reducing interest rates until its […]
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