Daily Economic Reports

Wednesday saw the Dollar resuming losses, while gold and oil returned to gains after a brief correction. Meanwhile, stock markets were not impacted by a rise in demand for safe havens, showing strong performance, supported by positive news about a COVID-19 vaccine. Here is a look at today’s top stories. …

After a continuous upward trend that saw it achieve new unprecedented levels, gold prices were always going to see a correction wave, as stock markets flourished amid an improved risk appetite. Meanwhile, oil prices fell on rising concerns about the COVID-19 pandemic and its effect on the demand recovery, despite …

British consumers spent last month at the highest rate since the country began implementing general isolation and lockdown measures to combat the Coronavirus in March, as bars, restaurants, barber and beauty shops reopened. Data from Barclay Card and the British Retail Consortium showed that spending is close to returning to …

On Thursday, the USD continued its downward trend after briefly rising supported by positive employment data. Meanwhile, gold continues to make new historic levels, however, the stock market did not plummet on the rising demand for safe havens, as the Nasdaq broke its all time high closing level for the …

Demand for safe havens continues to shape the market, while the stock market remains largely dependent on earnings reports. Gold prices continued to make new historic high levels, while oil prices rose to their highest level in five months. This has provided support for commodity currencies such as the Canadian …

Gold continued its historic rise, amidst increased demand for safe havens, despite the US Dollar recovering on the back of positive economic data. This data also helped crude oil prices resume gains, while stock markets showed a mixed performance around the globe. Here is a look at today’s top stories. …

Today’s biggest event was the conclusion of the US Federal Reserve two-day meeting, which as expected decided to maintain interest rates near 0% and vowed to maintain the historically low rates until the economy recover from the impact of the COVID-19 crisis. Meanwhile, gold continues to make history with new …

Gold continued its rising rally on Monday, breaking its all-time record high for the second consecutive session, amid a decline by the USD. Meanwhile, the Euro maintained its gains against the USD. As for stocks and oil prices, both rose on hopes for a new stimulus package by the US …

The world economy is showing strong signs of recovery, according to recent PMI data from Europe and the US, however, the rising number of COVID-19 cases in the US and escalating political tensions between Washington and Beijing left a toll on stock markets and increased the demand for safe havens. …

The US Dollar continued its downward performance against major rivals, with the DXY index currently down by 0.20% for the day at 94.80. Meanwhile, gold prices are on track to break the record for its highest level on record, while oil futures remain impacted by the increase in crude inventories …