Source: Bloomberg The Bank of Russia takes immediate action to shield the nation’s 1.5 trillion economy from a series of stiff sanctions that have hurt the financial sector. RUB USD down -12.81% The bank more than doubled its core interest rate to 20%, the highest level in nearly two decades, and restricted the flow of capital.Policymakers also banned brokers from selling … [Read more...] about Bank of Russia Hikes Rates to Its Highest Level in 20 Years, 20% to Protect Ruble
Happy Breakout Review
Happy Breakout uses a breakdown strategy that considers the most crucial support and resistance levels and stops unprofitable trades before they turn into a considerable loss. The robot works on MetaTrader4 and MetaTrader5 platforms and trades on the H1 charts on EURUSD and GBPUSD. Kindly keep on reading to find out in detail how this robot works. Detailed forex robot … [Read more...] about Happy Breakout Review
US Consumer Sentiment Maintains a Decade-Low Level in February
Source: University of Michigan The Index of Consumer Sentiment in the US was recorded at 62.8 in February, down by 6.5% from January and 18.2% below the prior year. SPY is up +1.21%, DXY is down -0.37%. Consumers’ assessment of current economic conditions also worsened, with the index at 68.2 in February, 5.3% below last month. The index is now 20.9% below February … [Read more...] about US Consumer Sentiment Maintains a Decade-Low Level in February
US Manufactured Goods Orders Jump by 1.6% In January
Source: Census Bureau Manufactured goods orders in the US rose by 1.6% or $4.3 billion to hit $277.5 billion in January. SPY is up +0.33%, DXY is down -0.29%. Excluding transportation, manufactured goods orders improved by 0.7%. Transportation equipment drove most of the durable good’s orders, with a gain of 3.4% or $2.9 billion to $87.6 billion.Manufactured goods … [Read more...] about US Manufactured Goods Orders Jump by 1.6% In January
US Opens 2022 With Flat Personal Income as Social Benefits Wane
Source: Bureau of Economic Analysis Personal income in the United States fell flat in January as fewer social benefits were released by the government during the period. Personal income jumped by $9.0 billion, or less than 0.1% higher than in December when the level grew by 0.4%.Disposable personal income grew by $19.8 billion or 0.1%, marking the slowest growth in four … [Read more...] about US Opens 2022 With Flat Personal Income as Social Benefits Wane
