Sara Patterson is a career writer and a former student of international relations. After earning a Master’s Degree in political science Sara spent several years working for various internet companies and teaching English writing at the college level to students in their freshman year. She now focuses her energies on reading several newspapers each day and considering how the news may affect both the currency markets and the political economy in general. She specializes in writing fundamental analysis and interpreting how news from across the globe will propel the markets in both the short and long terms.
In her spare time, Sara enjoys carving fruit, rock climbing and Zumba. She also cares for 3 dogs and an iguana.
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The minutes from the latest Federal Reserve meeting were released on Wednesday, and they showed that the U.S. economic policymakers remain committed to raising interest rates despite President Trump’s vehement opposition.
As selloff on Wall Street on Wednesday sparked fears of contagion worldwide, sending Asian markets broadly lower and positioning European markets for an expected triple-digit loss on the open today.
The U.S. dollar traded modestly lower on Wednesday morning in Asia while the British pound headed higher on hopes that a Brexit deal may be forthcoming.
Asian stocks hit 17-month lows on Tuesday as investor concerns about the state of the global economy continued to pressure markets.
Oil prices declined on Monday morning after Washington weighed the possibility of waiving some of the sanctions it plans to bring upon Iran next month.
All three major Wall Street indexes closed lower on Friday with the S&P 500 falling nearly 1 percent for the week, its worst weekly performance in nearly a month.
Oil prices were lower during Thursday’s Asian trading session after hitting four-year highs on Wednesday.
The dollar traded near one-month highs early in Wednesday’s Asian session after comments out of Italy shook the currency markets on Tuesday and the fear crept into Wednesday’s Asian trading session.
Asian stock markets remained mostly in the red on Tuesday afternoon as traders remained apprehensive about the trade war that appears to be heating up between the U.S. and China.
Japan’s Nikkei soared to a 27-year high on Friday, boosted by a stronger dollar and Wall Street’s gains on Thursday.