top of page


14/07/22, 06:54

Smiling Young Businessman

Bashar Jesri

Tokyo Academy

Senior Economic & Technical Adviser

Raising interest rates 100 basis points after the worst-than-expected reading of inflation data?

Inflation in the United States rose to 9.1% year-on-year in June, to its highest level in 40 years, and strongly beat expectations, with the monthly inflation rate rising by 1.3%, the strongest since 2005.

The market is also now experiencing a strong yield curve inversion, the deepest inversion since 2000.

A reversal occurs when the two-year bond yields higher than the 10-year bond yield. This is one of the strongest harbingers of recession in the US economy.

For the dollar index, despite the weakness of the index’s recent price trades, its frequent fluctuations above the 107.50 level increase the chances of it renewing the positive trades, to rebound towards 108.20.

Gold price returned to decline after approaching the 1745.00 level, to settle around the 1730.00 level now, noticing that the stochastic indicator presents a negative crossover signal now, waiting to motivate the price to resume the bearish trend, which its next target is at 1700.00.

Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

bottom of page