In Definition of the term, inflation is defined as a rise in the price of goods and services. It occurs when the cost of goods and services rises over time. The spending power or value of money falls when the…
Continue ReadingToday, all eyes will be on New Zealand for the release of Q2 inflation data. The headline CPI increased by 3.3 % year over year and 1.3 % in the first quarter alone. Expectations and market pricing for a Reserve…
Continue ReadingBank of America has allowed trading of bitcoin futures for select clients, according to Coinbase, citing sources. Bitcoin futures are nothing new, and trading bitcoin in the United States is extremely simple. However, BAC has not previously permitted clients to…
Continue ReadingWeekly oil inventories in the United States Prior to that, it was +6866K Gasoline +1039 vs -1786K experience. +3657K for distillates vs. +0.877K for exp Refinery utilization -0.4% vs. +0.5% in the previous year Cushing -1589K Late yesterday, API…
Continue ReadingEarlier in the day, the RBNZ took a more hawkish stance, signaling the end of QE and laying the groundwork for rate hikes at the RBNZ's policy meeting next month. The kiwi soared as a result, with the NZD/USD pair…
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