Daily Economic Reports

The latest meeting of the United States Federal Reserve saw members of the Federal Open Market Committee (FOMC) maintaining their commitment to the monetary easing policies. The meeting minutes, which were released on Wednesday, showed commitment towards maintaining interest rates near 0%, as well as the current pace of the …

Gold prices fell by as much as 1.7% on Tuesday, February 16th, to their lowest level in more than a week with the rise in US Treasury bond yields, while platinum fell in volatile trading after a rally that brought it to its highest level in six and a half …

Treasury yields in the United States significantly rose on Tuesday due to increased hopes for economic recovery and the easing of lockdown measures amid the rollout of Coronavirus vaccines. This is the first session for the week as Monday marked the federal holiday of Presidents Day in the United States. …

The dollar fell to its lowest level in three weeks today, Tuesday, while the pound sterling reached its highest level in nearly three years and currencies linked to commodities rose, as progress in the anti-Corona virus vaccination campaigns boosted investors’ hopes for a recovery. The atmosphere of optimism and the …

Oil prices hovered today near a 13-month high on the back of sudden cold weather that caused the closure of wells in Texas, the largest oil producing state in the United States, while a wage deal in Norway avoided a supply disruption in Europe, curbing gains. Prices also increased with …

A recent report by Goldman Sachs Group highlighted the rise of emerging market currencies against the declining U.S. Dollar (USD) despite the recent surges in the United States Treasury yields. The MSCI Emerging Market Currency Index saw a series of gains recently, reaching a new record high last Friday as …

The dollar began the week sitting near a two-week low on Monday (February 15th), as traders doubt whether the recovery from the pandemic in the United States will be as fast as expected. Bitcoin is still volatile, as it fell to the low of $45,914.75, a day after reaching a …

Mario Draghi was sworn in on Saturday as prime minister in Italy, following weeks of an unprecedented crisis in the third economies of the euro area. “I swear to be loyal to the republic,” echoed the former president of the European Central Bank. He was standing in front of President …

Bitcoin hovered near record highs on Friday, and is heading for gains of more than 20% in a historic week during which it saw the support of large companies like Elon Musk’s Tesla, while the weak US labor market continued to put pressure on the dollar. The most popular cryptocurrency …

The Organization of the Petroleum Exporting Countries (OPEC) is expecting the global demand for crude oil to rise by 5.8 million barrels per day (b/d) in 2021, decreasing its previous expectations by about 100,000 b/d. Extended lockdowns and the re-introduction of partial lockdowns in a number of countries has resulted …