Demand for precious metals traditionally grows during market downturns. These assets are called protective due to their ability to survive the crisis, sanctions and other economic shocks. Here is a way to play on the growth of gold and silver. Futures are the cheapest way to make money on these precious metals: the exchange commission […]

FactSet compiled all mentions of inflation from S&P 500 companies’ reports for Q1 2022. The results were a record high for at least the last 10 years. 417 or 86% of companies mentioned the term “inflation,” well above the average over the past 5 years of 155. This is the highest value since at least […]

This week will be an important week from a central banking perspective as many expect the US Federal Reserve to deliver a second 50 basis point rate hike on Wednesday. Investors will be watching closely to see what Fed Chairman Jerome Powell has to say about future rate hikes following stronger than expected inflation data […]

Cryptocurrency Celsius plummeted on Sunday evening, reflecting and amplifying the turmoil sweeping the entire cryptocurrency ecosystem. Citing “extreme market conditions,” Celsius suspended withdrawals from its network. CEL/USD fell 45% on Sunday, continuing its decline since the beginning of the year. The cryptocurrency was trading at $0.195 as of 23:30 ET (03:30 GMT), down from $4.45 […]

The dollar rose sharply in early European trading on Monday, especially against the Japanese yen, as hot U.S. inflation data lifted Treasury yields at the start of a busy week for central banks. At 02:50 a.m. ET (06:50 GMT), the dollar index, which tracks its exchange rate against a basket of 6 other currencies, was […]

Asian stock indices are falling today. The negative impact on investor sentiment was caused by the fall of the US market on Monday after the publication of data on the acceleration of inflation in the country. As a result, it entered a “bearish” phase: the decline in the S&P 500 compared to the January peak […]

During today’s trading, the dollar is moderately declining against the euro and rising against the Japanese yen. The ICE index, which shows the dynamics of the dollar against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and Swedish krona), is up 0.05% in morning trading. The WSJ Dollar indicator, which tracks the dollar […]

The SWIFT financial messaging system will no longer provide services to Sberbank, Rosselkhozbank (RSHB) and Moscow Credit Bank from June 14. This decision was taken within the framework of the sixth package of anti-Russian sanctions of the EU. Earlier it was reported that VTB, FC Otkritie Bank, Promsvyazbank, Sovcombank, Bank Rossiya, Novikombank and VEB state […]

US broker Interactive Brokers (IBKR) has banned clients from Russia and Belarus from opening new positions with EU securities, the company said yesterday. “The governments of the US, UK, EU and other countries have imposed sanctions against Russia and Belarus in response to the escalating situation in Ukraine. These include EU sanctions that prohibit the […]

“Moscow Exchange” from June 14 suspends trading in the Swiss franc, according to the press release of the exchange. The restrictions will affect spot and swap instruments on currency pairs “Swiss franc – Russian ruble” (CHFRUB) and “U.S. dollar – Swiss franc” (USDCHF) in the exchange and OTC modes. Suspension of operations is caused by […]

The decision of the Georgian government not to join the sanctions against Russia is approved by 69.8% of citizens polled in Georgia, Georgian TV company “Imedi” reported yesterday. The poll was commissioned by the Georgian International Center for Public Opinion and Marketing GORBI. 27.1% disagreed with the government’s decision, 3.1% could not give an unambiguous […]

Oracle Corp. one of the world’s largest software makers, reported net income of $3.189 billion, or $1.16 per share, for the March-May period ( fourth quarter of fiscal 2022 ), compared with $4.033 billion, or $1.37 per share, for the comparable period a year earlier. The figure was therefore down 21%. Adjusted earnings remained at […]

The evidence for a dollar peak is inconclusive Socgen believes the dollar is currently overvalued and likely to retreat in the medium term, but domestic and global factors warrant caution in predicting a peak at this stage. While expectations for Fed policy tightening have eased somewhat, this confidence may prove misplaced, especially if inflationary pressures […]

International rating agency Fitch Ratings worsened the forecast of global economic growth in 2022 to 2.9% from 3.5% expected in March, including due to higher inflation. The most significantly revised estimate of China’s GDP lift was revised to 3.7% from 4.8%. In addition, the US economy is now expected to grow by 2.9% (previously 3.5%) […]

Binance has announced the resumption of withdrawals on the Bitcoin network. All transactions pending withdrawal of funds in the main network were carried out, follows from the message of the exchange. On June 13, cryptocurrency exchange Binance reported a temporary suspension of withdrawals in the Bitcoin (BTC) network. The reason for the failure was given […]

Unemployment in the UK, calculated according to the methodology of the International Labor Organization (ILO), in February-April 2022 was 3.8%, according to data from the country’s Office for National Statistics (ONS). In November 2021-January 2022, the figure was 4.0%. There were 1.3 million unemployed people in February-April, 355,000 fewer than a year earlier and 46,000 […]

India’s oil imports in April 2022 increased by 14% year-on-year, but decreased by 10% relative to March 2022, to 20.52 million tons, according to data from India’s Ministry of Commerce. Meanwhile, the country imported a total of 77.23 million tons of oil in the four months, up 36% from a year earlier. Russia was the […]

The Russian government will allocate an additional 7 billion rubles for the rural mortgage program, Russian Prime Minister Mikhail Mishustin said. “Now to the issue of rural mortgage. We will allocate an additional seven billion rubles for it,” he said at a meeting with deputy prime ministers. According to Mishustin, “these funds will be used […]