
In 2017, Spanish GDP per capita at purchasing power parity managed to surpass Italy’s one for the first time since 1998, as follows from a report issued by the International Monetary Fund…
Key points of the Fed’s minutes: economic outlook has strengthened in recent months; annual inflation is anticipated to rise in coming months; significant boost of fiscal policy growth is expected over next few years. At the same time, trade wars tensions also were taken into consideration. According to the Fed, retaliation from other countries is a downside risk for the US economy. Moreover, a positive inflation data alone will not signal the change of the projected rate hike path.
However, traders assessed the minute as hawkish and the greenback rose.
WTI is trading near $66.70, Brent is below $72.
Note: the general forecast for oil has risen. Barclays increased their 2018, 2019 average Brent price forecasts: $63 in 2018, $60 in 2019 vs the previous forecast of $60 in 2018, $57 in 2019. Q2 Brent forecast increased to $68 from $62.
Trade wars are closer and closer.
Some words about currency pairs.
The EUR/USD pair could not break the pivot point at 1.2369 that would signal the upward movement. The pair turned around and now is moving down. The support is at 1.2342.
That is all for today. Follow markets news with us!
In 2017, Spanish GDP per capita at purchasing power parity managed to surpass Italy’s one for the first time since 1998, as follows from a report issued by the International Monetary Fund…
In Japan, consumer prices excluding fresh food, which is the major inflation indicator, closely watched by the country's major financial institution, headed north by approximately 0…
Active lending to companies, soaring consumer spending along with the improving labor market – all of this indicate that the US economy will keep surging, with the only negative factor being the risk of a trade conflict, as the Federal Reserve informed…
On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election…
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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