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MakroFXStreet News

Fed's Collins: Prolonged Middle East war creates challenging policy choices

Susan Collins, President of the Federal Reserve (Fed) Bank of Boston, spoke at a fireside chat at an event hosted by the Boston Economic Club on Wednesday.

FED
PetrolOilPrice.com

Russia's Oil Revenues Surge $6.3 Billion as High Prices Offset Production Losses

Russia’s oil export revenues have continued to rise despite lower production thanks to high oil prices. According to the International Energy Agency (IEA) monthly market report for May, Russia’s oil export revenues clocked in at $19.18 billion in April, good for a modest $180 million increase from M

BRENTWTI
MakroSeeking Alpha Markets
PetrolOilPrice.com

US Crude Oil, Gasoline Inventories Continue to Crash as Iran War Takes Its Toll

Crude oil inventories in the United States decreased by 4.3 million barrels during the week ending May 8, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 452.9 million barrels, according to government dat

CRUDE
MakroFXStreet News

Japanese Yen falls as US inflation boosts Fed hike odds, Trump-Xi talks in focus

USD/JPY trades around 157.80 on Wednesday at the time of writing, up 0.13% on the day, as the US Dollar (USD) continues to benefit from renewed hawkish expectations surrounding the Federal Reserve’s (Fed) monetary policy outlook.

FEDINFLATION
PetrolFXStreet News

BoE's Mann: Monetary policy cannot offset cost-push shocks from energy prices

Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann said on Wednesday that the trade off between inflation and activity is becoming "increasingly stark," per Reuters.

BRENTWTI
MakroFXStreet News

Euro weakens as hot US inflation data boosts Fed rate hike expectations

The Euro (EUR) trades under pressure against the US Dollar (USD) on Wednesday, with EUR/USD extending losses for a second consecutive day as uncertainty surrounding the US-Iran negotiations and hotter-than-expected US inflation data continue to support the Greenback.

FEDINFLATION
MakroFXStreet News

BoE expected to keep policy restrictive as inflation outlook stays elevated - Reuters poll

The Bank of England (BoE) is expected to maintain a cautious stance as inflation remains above its target, according to a Reuters poll published on Wednesday.

INFLATION
AltınMining Technology

Equinox and Orla announce merger to create $18.5bn gold producer

Equinox Gold has signed a definitive agreement with Orla Mining to merge and create a new North American gold producer with an implied market capitalisation of $18.5bn. The post Equinox and Orla announce merger to create $18.5bn gold producer appeared first on Mining Technology.

GOLD
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