Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
Singapore's October CPI ascends on oil and transport costs
In October, Singapore's consumer price index managed to rally versus 2016 because of higher private road transport costs, as a fresh Reuters survey disclosed.
In October, the all-items CPI was expected to have soared 0.5%, adding 0.4% from September. That’s what the median estimate of 10 financial experts in the survey informed.
Private road transport costs will most likely edge up because of higher Certificate of Entitlement prices as well as a jump in petrol prices during the month, as experts explained.
A COE appears to be a quota license win in an auction, which enables the holders to own cars in the city-state.
As a matter of fact, Land-scarce Singapore, which is one of the world's most costly places to own a car, has told it won’t permit any surge in its car population from February.
Additionally, the survey also disclosed that in October the Monetary Authority of Singapore's core inflation measure grew 1.5% from 2016, while staying intact from September.
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
Chinese investors are selling the UST. Meanwhile, the earning season continues. What's going on in the markets?
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!