In an effort to return elevated inflation to its 2 percent objective, the Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by half a percentage point. The Fed announced that it has decided to raise the target range for the federal funds rate by 50 basis points to 0.75 to 1.0 percent. more...
The jobless rate in New Zealand came in at 3.2 percent in the first quarter of 2022, Statistics New Zealand said - in line with expectations and unchanged from the previous quarter. The employment change was 0.1 percent on quarter - also matching forecasts and steady from the three months prior. more...
Australia's central bank raised its key interest rate as inflation picked up more than expected largely due to supply-side disruptions. more...
Oil is likely to remain supported in the short term amid expectations Europe will soon announce a plan for oil imports and bets that the JCPOA nuclear deal will not be reinstated soon. The daily price is located near and below Ichimoku cloud: if the price breaks Ichimoku cloud to above together with 109 resistance level so the primary daily bullish reversal will be started; alternatively, the price will be on bearish ranging waiting for ...
The Federal Reserve interest rate decision is likely to sway EUR/USD as the central bank is widely expected to normalize monetary policy at a faster pace. more...
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