FXStreet says Statistics Canada is set to release the consumer price index for May this Tuesday. Economists project the gauge will match April’s annual rise of 1.7%.
24 June
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A survey by the Official Monetary and Financial Institutions Forum (OMFIF) found that one in three central banks plan to cut their dependence on the dollar and ramp up gold holdings over the next year or two.
24 June
The London Metal Exchange (LME) is grappling with one of the most severe copper shortages in history. Rapidly dwindling inventories have driven prices up to multi-year highs. On Monday, copper traded at a $280-per-ton premium, the largest since 2021, as noted by Bloomberg.
24 June
According to an analysts' review by Heraeus, investors are gradually shifting their focus from gold to silver. In recent months, the share of inflows into silver-backed funds has noticeably increased.
24 June
Liquefied natural gas (LNG) flows to Germany's four floating terminals have significantly increased in recent months as the country rushes to replenish its fuel reserves. However, a large portion of the imported LNG is being sent abroad, leaving domestic reserves unchanged.
24 June
UK food prices rose 4.7% year-on-year in the four weeks to June 15, up from 4.1% the previous month. The increase has further strained low-income households across the country. Reuters forecasts indicate UK grocery inflation may spike 5% this year.
24 June
The US dollar weakened against most major currencies after President Donald Trump announced an agreement to help stabilize the Middle East. This also boosted investor appetite for riskier assets.
24 June
The European Central Bank (ECB) should only resort to large-scale bond purchases in "absolutely exceptional cases" given the significant losses caused by this monetary stimulus measure, according to Bundesbank President Joachim Nagel.
24 June
Reduced tensions in the Middle East have put downward pressure on oil prices and the dollar exchange rate as investors' concerns about further escalation of the regional conflict eased. In contrast, the American stock market is on the rise, Reuters reports.
24 June
On Tuesday, gold prices dropped to a near two-week low. Investor risk appetite rose following US President Donald Trump's announcements of easing tensions between Israel and Iran, which dimmed safe-haven demand.
24 June
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The world of business and finance is constantly changing. What trends and directions are relevant today? The answer to this question is key to successfully navigating in a trading and investment environment and better assessing the risks involved.
Global events and economic policies
The global economy can be greatly impacted by major events, causing stock markets and exchange rates to plummet. The repercussions of one nation's crisis may extend to other countries, creating a butterfly effect with far-reaching consequences. While these events may be frightening for some, traders and investors use them as a chance to generate profits amidst a crisis.
Financial institutions and their role
Financial institutions act as intermediaries between borrowers and lenders. This group typically includes banks, as well as non-bank organizations such as pension funds, insurance companies, credit unions, and pawnshops. By supporting global trade, business growth, and job opportunities, these institutions play a crucial role in maintaining a stable and thriving economy.
Government and Economy
All governments serve as regulators for businesses, both domestically and internationally. The economic policies implemented by separate states have a significant impact on their currency exchange rates and living expenses.
Investment and Risks
Market players are always looking for tools and opportunities to make a profitable investment, which is accompanied by some risks. This is where capital management comes into play, with the goal of minimizing losses and maximizing profits
By closely monitoring worldwide events and economic strategies of the top nations, traders and investors can make well-informed decisions in the financial world
