Justin

Economic health, trade dynamics, and financial stability—among other factors—are critical determinants of currency performance.

Indian Oil Corp, the state major, is buying Middle Eastern and African crude to replace Russian volumes affected by U.S. sanctions, including a cargo of Abu Dhabi Murban crude, which IOC does not normally buy, Reuters has reported, citing trading sources.

Stressed-out teenagers appear to be dragging down the U.S. economy, a new study says.

The rapidity of deposit outflows during the March 2023 banking run highlights the important role that the Federal Reserve’s discount window should play in strengthening financial stability. A lack of borrowing, however, has plagued the discount window for decades, likely due to banks’ concerns about stigma—that is, their unwillingness to borrow at the discount window because it may be viewed as a sign of financial weakness in the eyes of regulators and market participants. The discount window has been reformed several times to alleviate this problem. Although the presence of stigma during the great financial crisis has been documented empirically, we do not know whether stigma has remained since then. In this post, based on a recent Staff Report, we fill this gap by using transaction-level data from the federal funds market to examine whether the discount window remains stigmatized today.

Oil headed for a fourth weekly gain ahead of President-elect Donald Trump’s second term, with traders seeking clarity on far-reaching sanctions and trade policies.

Thus, the cycle since the low point on September 22, 2022, will be completed. As the decline has remained above the wave low of $2,536.89, gold is expected to have more upside potential, approaching the $2,852.91–$2,950.50 region to complete the wave. After that, a larger wave 3 correction should occur to adjust the cycle that started from the September 22, 2022, low point.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $78.85 on Thursday.

Canada could impose countermeasures on up to C$150 billion (US$105 billion, or RM471.8 billion) worth of US imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with the matter said on Wednesday.

New Zealand Dollar (NZD) is expected to trade in a range, most likely between 0.5570 and 0.5835. Whippy price action has resulted in a mixed outlook; for the time being, NZD could trade in a sideways range of 0.5540/0.5650, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.