Financial News

How interest rates rise will affect you as Bank of England hikes rate to 3%

MPC BOE may be divided, but we will probably see an increase of 50 points in the interest rate

The Central Bank of England will hold an interest rate decision meeting on Thursday. In this meeting, the members of the Central Bank of England will decide whether to increase the interest rate by 25 or 50 points. In addition to the interest rate decision,

Reducing dollar fluctuations on the eve of the Federal Reserve meeting

As investors await the Federal Reserve’s interest rate decision, currency movements in the market have slowed down; On Wednesday, on the eve of the Federal Reserve’s interest rate policy meeting, and due to the expectation of an end to the Federal

Inflation might past its peak, Reserve Bank says

The central bank expects inflation to decline in 2023 after forecasting peak inflation of 8% last year. Marion Koehler, the RBA’s head of economic analysis, told a parliamentary committee on the cost of living that the central bank was reviewing its

Australian dollar strength, limited forex trading in Asia

The dollar climbed to a five-month high after Australia released unexpectedly high consumer inflation data for the fourth quarter. Meanwhile, foreign exchange trading in Asian markets was very limited and less volatile as fears of a global recession

Restrictions on gold trading during release of U.S. economic data

Gold posted limited gains ahead of U.S. economic data.Gold prices were largely unchanged on Wednesday, trading in a narrow range as investors avoided riskier trades ahead of the release of U.S. conomic data this week. At the same time, economic analysts

The increase in oil prices due to China’s demand and OPEC+ production policy

Today, Wednesday, with growing optimism about improved demand from China and speculation about the decision of OPEC, not to change the trend of reducing production, concerns about the global economic recession faded, pushing oil prices higher in the

Crude Oil Price Drop in the Asian Market

Despite the reopening of the economic borders of China, one of the largest consumers of crude oil in the world, the price of crude oil fell in Asian retail trade today; oil prices eased slightly on Monday as traders awaited further signs of economic recovery

Volatility in oil prices amid concerns of economic recession in United States: 24-01-2023

Investors focused on the economic outlook in the United States and fluctuations in China today, causing oil prices to change. Prices of crude oil rose in Asian markets on investor concerns about growing Chinese demand, but concerns about slowing U.S. economic

Volatility in oil prices amid concerns of economic recession in United States

Bitcoin is on the rise again after a rough year

Bitcoin is on the rise in 2023, sweeping the crypto market off its feet and electrifying Bonk, a new meme coin. Bitcoin surged 26% in January and is up 22% in the past week alone. That puts it back above the $20,000 level and on track for its best month since