Daily Economic Reports

Ahead of Thursday’s key US Consumer Price Index data scheduled for New York’s morning session, the White House says tomorrow’s inflation data will show a high year-on-year figure.The White House states that its irrelevant month on month number will continue trending lower the rest of the year.The consensus in the …

As the US inflation data is expected to show that prices rose by 0.4% in January, for a 7.2% gain from one year ago, major currency pairs continue lacking certain direction and struggle to maintain their strength. Major currencies have also held within limited intraday ranges on Tuesday. The US …

The euro fell for the second day in a row on Tuesday after European Central Bank President Christine Lagarde said that there is no need for significant monetary tightening in the eurozone. Bond yields rose, and the euro recorded its highest weekly performance since March 2020 last week, when the …

Contrary to the positive surprise provided by the last week’s US NFP and jobs data, the US inflation profile expectations depict a downbeat scenario ahead of the key US Consumer Price Index data for January.The US inflation gauge, as measured by the 10-year breakeven inflation rate per the St. Louis …

The euro fell on Monday after rising last week that followed a shift from the European Central Bank to tighten monetary policy, as traders turned to the dollar on bets that the jump in jobs created by the US economy in January could lead to faster rate increases than US …

The US oil benchmark jumped to above $92 per barrel early on Friday, its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.West Texas Intermediate crude oil broke this week the $90 a barrel mark for the first time …

The US Bureau of Labor Statistics will release the January jobs report on Friday, February 4 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data. Deutsche Bank “We are …

Omicron put a massive bump in the road to America’s recovery this winter. The first signs of trouble could show up in the January jobs report on Friday, 4 February. Goldman Sachs cites survey data indicating a surge in absenteeism during the month to expect Omicron-led temporary declines in the …

The European Central Bank opted to leave its deposit rate unchanged at -0.5% on Thursday as unanimously expected. The bank maintained its guidance on interest rates, saying they would remain at present or lower levels until the conditions for a rate hike have been met. The bank also reaffirmed its …

The Bank of England (BoE) will announce its decision on Thursday, February 3 at 12:00 GMT, and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 4 major banks. Deutsche Bank “We expect the BoE to follow up their December …