Daily Economic Reports

The US dollar index managed to maintain the rising pace that it started at the end of the last week’s trading following the release of US labor market data during the month of July, which came in a very strong way better than the market expectations and pushed the US …

US Treasury Secretary Janet Yellen stressed her call for Congress to raise the US debt ceiling through a bipartisan move in Congress, with the federal government’s ability to borrow imminently running out. Such a move would not raise government spending or pave the way for future spending, she said in …

Canadian July jobs report due out at 12:30 GMT. An increase of 177,500 positions is expected. here are the forecasts of economists and researchers of Three major banks regarding the Canadian employment report. CIBC “on the top of the very good news for employment in June, which coincided with the …

The Nonfarm Payrolls report is expected to show an increase of 870,000 jobs in July. Here are the forecasts by the economists and researchers of four major banks regarding NFP report. Deutsche Bank “We are forecasting that NFP will have risen by +1M in July, which would be the fastest …

The New York Stock Exchange (NYSE) continued to break record highs on Thursdays, with Wall Street investors reacting to the decline in jobless claims and ahead of the release of July’s employment data. The initial claims for unemployment benefits in the U.S. fell by 14,000 to 385,000 last week and …

The United States Secretary of the Treasury, Janet Yellen, is warning against partisan disagreements over the huge infrastructure investment plan, proposed by President Joe Biden. A copy of Yellen’s remarks was obtained earlier today by CNBC, ahead of a speech that she will give on Wednesday in Atlanta. Yellen reportedly …

The US dollar settled near its recent lows on Wednesday, August 4th as investors awaited US jobs data as an indicator of interest rate expectations, while the New Zealand dollar rose with the country’s unemployment rate falling and expectations that interest rates will start to rise within weeks. The spotlight …

The stock of Robinhood, the U.S.-based financial services company that pioneered commission-free trading and became famous on the back of meme trading, is witnessing a strong beginning days after its debut on Wall Street. The initial public offering of Robinhood was completed on Thursday, and the company’s stock was listed …

New Zealand and Australian dollars made the biggest gains among the major currencies on Tuesday, supported by comments from the two countries’ central banks, while the US dollar fell against the Japanese yen and the Swiss franc amid some risk aversion in the markets. The Australian dollar rose strongly after …

U.S. Treasury Secretary Janet Yellen is working to avoid default after Congress failed to extend the suspension of the debt ceiling. Yellen told Congress that the department is taking extra steps to ensure this, expressing in a written letter to lawmakers that resolving the issue would be the better choice. …