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Daily Economic Reports

Bitcoin Slips After Hitting Seven-Week High, But Trade Optimism Supports Broader Sentiment

Bitcoin prices edged lower on Thursday as traders took profits following a strong rally, though broader optimism around easing trade tensions between the U.S. and key global partners kept overall sentiment upbeat. Bitcoin Falls After Rally The world’s largest cryptocurrency dropped 1.2% to $92,575.3 by 02:35 ET (06:35 GMT). The …

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Gold Rebounds Sharply as U.S.-China Trade Uncertainty and Russia-Ukraine Escalation Fuel Haven Demand

Gold prices jumped in Asian trading Thursday, rebounding from recent losses as safe-haven appetite strengthened amid renewed tensions between the U.S. and China and a deadly escalation in the Russia-Ukraine conflict. Spot Gold surged 1.3% to $3,331.34/oz Gold Futures (June delivery) climbed 1.4% to $3,341.25/oz by 01:37 ET (05:37 GMT) …

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Gold Retreats 2.7% on Improved Risk Appetite After China Tariff Hopes, Trump-Powell Calm

Gold prices plummeted by 2.71% on Wednesday, dropping from a daily high of $3,386 to $3,287.94, shedding $91.43. The decline was driven by a surge in risk-on sentiment, fueled by hopes of de-escalating US-China trade tensions and reassuring comments from President Donald Trump about Federal Reserve Chair Jerome Powell. The …

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US Dollar Faces Fresh Pressure Following Key Data, Gloomy Fed’s Beige Book

The US Dollar Index (DXY) struggled to maintain momentum on Wednesday, hovering near 99.50 after relinquishing early gains from Asian trading. A combination of mixed economic data, uncertainty surrounding US trade policies, and a gloomy Federal Reserve Beige Book weighed on the Greenback. The DXY’s failure to sustain a push …

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S&P Global Reports US Economy Facing Slowing Growth and Rising Inflation in April 2025

The US economy is navigating a challenging landscape in April 2025, as evidenced by the latest S&P Global Flash PMI data, which reveals a significant slowdown in business activity alongside intensifying inflationary pressures. The manufacturing PMI edged up to 50.7 from 50.2 in March, surpassing expectations of 49.1 and indicating …

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Wall Street Futures Surge as Trump Softens Tone on Fed and China

U.S. stock index futures climbed sharply Wednesday, extending Tuesday’s gains, as investors cheered President Donald Trump’s softer rhetoric on both the Federal Reserve and trade with China. Robust earnings, including a surprise beat from Tesla, added fuel to the rally. Market Snapshot (as of 05:45 ET / 09:45 GMT): Dow …

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