The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
Core producer prices in the United States, which exclude food and energy costs, rose by 0.3% over a month in January 2025, following an upwardly revised 0.4% increase in December, in line with market forecasts. On a yearly basis, core producer inflation was 3.6% in January, down slightly from an upwardly revised 3.7% in December but well above market estimates of 3.3%.Source: Trading Economics
US citizens filing new applications for unemployment insurance rose to 213K for the week ending February 8, as reported by the US Department of Labor (DoL) on Thursday. This print missed initial estimates and was lower than the previous week's revised tally of 220K (from 219K). The report also highlighted a seasonally adjusted insured unemployment rate of 1.2%, while the four-week moving average dropped to 216.00K, marking a decrease of 1K from the prior week's revised average.Source: FXStreet
The UK economy expanded 0.1% QoQ in the three months to December 2024 after showing no growth in the third quarter. The data beat the expected 0.1% decline in the reported period.The UK GDP increased 1.4% year-on-year (YoY) in Q4 vs. 1.1% expected and 0.9% recorded in Q3.The monthly UK GDP arrived at 0.4% in December, compared to a 0.1% increase in November, bettering the expectations of 0.1%.Meanwhile, the Index of services (December) came in at 0.2% 3M/3M vs. 0% prior.Other data from the UK showed that Industrial Production and Manufacturing Production grew 0.5% and 0.7%, respectively,...
Underlying US inflation last month rose by more than forecast, supporting the Federal Reserve's cautious approach to lowering interest rates. The so-called core consumer price index — which excludes food and energy costs — increased 0.4% in January after a 0.2% advance in December, Bureau of Labor Statistics figures showed Wednesday. From a year ago, it rose 3.3%. Economists see the core gauge as a better indicator of the underlying inflation trend than the overall CPI that includes often-volatile food and energy costs. The headline measure rose 0.5% from December...
The United States (US) Bureau of Labor Statistics will release January's Consumer Price Index (CPI) report on Wednesday at 13:30 GMT. As a key indicator of inflation, this report might influence the US Dollar's (USD) price action in the short-term horizon, although it's not expected to lead to any immediate changes in the Federal Reserve's (Fed) monetary policy stance.That said, the Consumer Price Index (CPI) is expected to show an annual increase of 2.9% in January—matching the previous month's reading. When you strip out the volatile food and energy prices to get a clearer picture, the...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...