Daily Economic Reports

Gold prices fell after the Federal Reserve confirmed its intention to keep interest rates elevated, reinforcing its commitment to controlling inflation. Spot gold closed near $4,293 per ounce, down almost 0.9% from the previous session. At the same time, the U.S. Dollar Index advanced to 100.02, its strongest level in …

The Federal Reserve left interest rates unchanged on Wednesday, delivering a decision that markets had widely anticipated. However, the central bank’s updated outlook carried a firmer message: inflation remains a concern, and policymakers are not yet ready to declare victory in their battle against rising prices.In the first policy meeting …

The British Pound came under pressure on Wednesday as weaker-than-expected inflation data prompted investors to scale back expectations for additional interest rate increases from the Bank of England. The shift in sentiment weighed on Sterling, allowing the US Dollar to regain momentum after a series of encouraging economic reports from …

The Japanese Yen remains under pressure even after the Bank of Japan delivered its highest interest-rate setting in decades, highlighting a growing reality in global currency markets: raising rates alone is no longer enough to guarantee a stronger currency. Investors had widely anticipated the move, meaning much of its impact …

Key Takeaways Sales beat expectations: U.S. retail sales rose to $763.7 billion in May, exceeding the 0.5% growth forecast. Prior month revised: April’s reading came in at a 0.5% expansion. Strong annual growth: Retail sales were up 6.9% year-on-year in May. Retail trade outperforms: Retail trade sales specifically rose 1.0% …

Key Takeaways Headline CPI accelerates: Eurozone annual inflation rose to 3.2% in May from 3.0% in April — in line with expectations. Monthly pace slows: Month-on-month CPI eased to 0.1% from 1.0% — as anticipated — offering some comfort. Energy the key driver: Annual energy prices surged 10.8% — matching …

Key Takeaways Bitcoin barely moves: The world’s largest crypto fell 0.3% to $65,847.7, cutting short its recent peace deal-driven recovery. Tight ranges prevail: Crypto markets are holding cautious positions ahead of the Fed decision later today. ETF outflows easing: Spot Bitcoin ETFs are seeing reduced outflows, offering some relief — …

Key Takeaways Dollar stabilizes: The DXY traded largely flat at 99.55 — near a 10-day low — ending its four-session losing streak. Euro stalls: EUR/USD hovered near one-week highs at 1.16 after flatling as traders awaited the Fed. No large bets placed: Currency desks are holding back ahead of the …

Key Takeaways Gold steadies: Spot gold edged down 0.1% to $4,327.56 per ounce, while gold futures ticked 0.2% lower to $4,347.26 — pausing after four straight sessions of gains. Rebounding from depths: Bullion has recovered significantly from recent multi-month lows near $4,000 per ounce. Iran deal the catalyst: The peace …

Key Takeaways Five-day losing streak: Brent fell 0.9% to $78.23 per barrel, while WTI slipped 1.2% to $75.16 — both at their lowest since March 2. 10% crash in two sessions: The pace of the selloff underscores how dramatically market sentiment has shifted. Iran deal the driver: The MOU paves …