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Monthly Archives: January 2023

Treasuries Finish Choppy Trading Day Roughly …

U.S. Weekly Jobless Claims Inch Up To 230,000...

[ad_1] After failing to sustain an early move to the upside, treasuries showed a lack of direction over the course of the trading session on Wednesday. Bond prices bounced back and forth across the unchanged line before closing roughly flat. The yield on the benchmark ten-year note, which moves opposite …

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Crude Oil Futures Settle Slightly Higher

Crude Oil Futures Settle Slightly Higher

[ad_1] Crude oil futures ended slightly higher on Wednesday, with traders reacting to weekly inventory data. Traders also noted a report that PBF Energy, a refinery producing diesel in Louisiana, was shut after a fire on Saturday. The disruption is expected to last at least a month. West Texas Intermediate …

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Gold Futures Settle Higher For 5th Straight S…

Gold Holds Steady As Recession Worries Mount

[ad_1] Gold futures settled higher on Wednesday, gaining for a fifth straight session, as the dollar drifted down amid rising hopes the Federal Reserve will slow the pace of interest rate hikes. The dollar index drifted down to 101.92 this morning, and despite recovering to 102.02 subsequently, faltered again and …

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Five-Year Note Auction Draws Above Average De…

Dollar Rises Against Some Major Counterparts

[ad_1] After reporting strong demand for this month’s two-year note auction on Tuesday, the Treasury Department revealed Wednesday that this month’s auction of $43 billion worth of five-year notes also attracted well above demand demand. The five-year note auction drew a high yield of 3.530 percent and a bid-to-cover ratio …

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Bank Of Canada Raises Interest Rates By Anoth…

Loonie Rises After Canada Jobs Data

[ad_1] With persistent excess demand putting continued upward pressure on prices, the Bank of Canada announced on Wednesday its decision to raise interest rates by another quarter point. The Bank of Canada increased its target for the overnight rate by 25 basis points to 4.5 percent, in line with expectations. …

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Pound Mixed After U.K. PPI Data

UK Orders Book Balance Falls, Cost Pressures ...

[ad_1] The pound showed mixed trading against its major counterparts in the European session on Wednesday, after a data showed that nation’s producer inflation came in below expectations in December. Data from the Office for National Statistics showed that output price inflation unexpectedly slowed to 14.7 percent from 16.2 percent …

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Turkish Manufacturing Capacity Utilization At…

Turkish Manufacturing Capacity Utilization At...

[ad_1] Turkey’s manufacturing capacity utilization rate declined at the start of the year to the lowest level in twenty months, while factory confidence strengthened amid hopes of an increase in domestic orders, figures from the central bank showed on Wednesday. The capacity utilization rate fell to 75.3 percent in January …

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Thailand Central Bank Hikes Key Rate To 1.50%…

Thailand Central Bank Hikes Key Rate To 1.50%...

[ad_1] Bank of Thailand raised its interest rate by a quarter point at its January meeting on Wednesday, as expected, and policymakers signaled more hikes in the future after they assessed that a tight monetary policy is still required to bring down inflation to the target range amid an on …

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