Daily Economic Reports

The Federal Open Market Committee’s two-day meeting has concluded on Wednesday and the statement has been released along with the Fed’s interest rate decision in a highly anticipated event for financial markets.Markets were expecting the Fed to give guidance on asset purchases that were expected to conclude in March. However, …

The Euro fell to a one-month low on Tuesday as tensions between Russia and the West over Ukraine drew investors to the dollar, a day before the Federal Reserve is expected to reveal details on its plans to tighten monetary policy.Tensions remained high after NATO said on Monday it was …

The US dollar rebounded today, Tuesday, to record a strong rise against other currencies, coinciding with several factors that affected its performance, on top of which are the current geopolitical tensions and the markets’ anticipation of critical economic data. As Russia builds up its troops and soldiers at the Ukrainian …

Since 13-14 December meeting, financial markets have been nicely cooperating with the Federal Reserve’s efforts to restrain inflation. They are doing the Fed’s work for it by creating tighter financial conditions and exhibit no panic.But as the US central bank’s policymakers meet on Tuesday, an underlying question they face is …

The dollar is set for its best weekly performance in a month against other major currencies on Friday, as the global reserve currency maintained its strength amid a sell-off of riskier assets in the markets. Investor sentiment has been affected in recent days by weak economic data, spreading inflation and …

Dow Jones futures fell slightly overnight, while S&P 500 futures and Nasdaq futures lost some ground. For the second straight in a row, the major indexes tried to rebound but were pulled lower with sharp losses, extending the stock market correction.The Dow Jones Industrial Average fell 0.9% in Thursday’s stock …

The dollar fell on Thursday as the rally in US Treasury yields stalled this week, while commodity-linked currencies such as the Canadian and Australian dollars rose amid rising commodity prices and optimism about global economic growth. The euro and sterling rose gradually to catch a breath after they suffered the …

The GBP/USD pair is trading at 1.3627 and higher by 0.24% after rising from a low of 1.3585 to a high of 1.3648. Besides domestic drivers, the sterling has benefitted from a pullback in US yields and the US dollar. US Treasury yields are retreating from near two-year highs on …

Oil prices rose on Wednesday for the fourth consecutive day after a pipeline fire from Iraq to Turkey briefly halted supplies, raising concerns about an already-existing outlook for near-term tightness. Brent crude futures rose 48 cents, or 0.6 percent, to $ 87.99 a barrel by 1245 GMT, after rising 1.2 …

The Federal Open Market Committee meets for the first time in 2022 on 25-26 January. FOMC meeting comes at a critical time as far as US inflation is concerned.With headline consumer price index reaching 7% year-over-year; reflecting increases in a wide range of major categories, and unemployment moving below 4%, …