Daily Economic Reports

Trade Tensions Force Bank of Canada to Consider Deeper Rate CutsThe Bank of Canada is facing mounting pressure to aggressively lower its policy interest rate in response to escalating trade tensions with the United States. Economists widely anticipate the central bank will initiate a series of cuts, potentially starting with …

Tesla’s stock experienced a significant 15% drop, triggering a response from US President Donald Trump. While Trump attributed the decline to a “radical left” boycott against Elon Musk, financial analysts pointed to concerns over Tesla’s production targets, declining sales, and the broader economic impact of Trump’s own tariff policies.   …

Market attention is shifting towards key economic data releases, with Japanese GDP and US jobs figures taking center stage. The US Dollar (USD) showed signs of recovery on Monday, partially reversing recent losses fueled by tariff concerns and economic uncertainty. The USD Index (DXY) regained the 104.00 level, although it …

The EUR/USD pair has exhibited notable strength, climbing to near 1.0850 as the US Dollar faces mounting pressure amid growing concerns over the US economic outlook. This surge comes as investors grapple with the potential impact of US President Donald Trump’s “America First” policies, which are increasingly perceived as a …

Gold prices held steady in Asian trading on Monday following modest gains last week, as the U.S. dollar remained near a four-month low amid ongoing uncertainty over U.S. trade policies. Investors scrutinized the latest jobs report and Federal Reserve Chair Powell’s comments to gauge the future path of interest rates. …

This week witnessed a dramatic reshuffling of the global financial landscape, marked by the US dollar’s sharp decline, the euro’s remarkable ascent, and a notable divergence in fortunes between the British pound and the FTSE 100. A confluence of economic data, policy shifts, and trade uncertainties fueled unprecedented volatility across …

The US Dollar Index (DXY) has plunged into a historic nosedive, shedding over 3.5% this week and marking its worst performance in more than a year. The Greenback’s dramatic slide accelerated on Friday as traders braced for February’s employment report, which revealed a mixed bag of economic signals. Mounting expectations …

Gold prices experienced a dip on Friday as the US dollar, often referred to as the Greenback, regained some of its strength and US Treasury bond yields rebounded following the release of a closely-watched US employment report. At the time of writing, the price of gold, represented by the XAU/USD …

The S&P 500 experienced a volatile session on Friday, capping a challenging week with its steepest decline in several months. Investors wrestled with a mix of trade policy developments and lackluster economic data, leaving markets on edge.The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all saw …

The Euro (EUR) is experiencing a surge in value against the US Dollar (USD), driven by a confluence of factors, including anticipated fiscal policy changes in Germany. Recent developments have prompted financial analysts at Rabobank to revise their long-term EUR/USD forecast, now targeting 1.12 within a 12-month timeframe. This upward …