Daily Economic Reports

Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the House-passed government funding bill, with a potential shutdown looming tonight. A major breakthrough occurred last night as Senate Minority Leader Chuck Schumer, D-N.Y., announced his support for the measure, significantly boosting …

The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD dipping but managing to cling above the crucial 1.2900 psychological level. This precarious balance reflects a confluence of economic uncertainties, both in the UK and the US, that are keeping traders on edge.A key …

In a landmark moment, gold prices surged past the $3,000 per ounce threshold on Friday, marking an all-time high as investors flocked to the precious metal amidst escalating global economic anxieties. This historic rally underscores gold’s enduring status as a safe-haven asset in times of uncertainty.   Spot gold witnessed …

The US dollar is showing renewed strength, shaking off recent dips and climbing back above the 104.00 mark on the Dollar Index (DXY). This resurgence, fueled by rising US Treasury yields and escalating anxieties over a potential global trade war, is sending ripples across currency and commodity markets. The shift …

A dramatic escalation in the ongoing trade dispute between the US and Europe has ignited, with the US administration threatening to impose a crippling 200% tariff on European alcoholic beverages. This move comes as a direct response to the European Union’s (EU) retaliatory tariffs on American spirits, marking a rapid …

A significant downturn gripped the US stock market on Thursday, with the Dow Jones Industrial Average experiencing a sharp decline. This drop occurred despite promising inflation data, highlighting the market’s sensitivity to geopolitical factors and trade policy uncertainties.   The day’s financial landscape was marked by a surprising contradiction. While …

The cryptocurrency market is gripped by a palpable sense of unease, as Bitcoin and its brethren navigate a tumultuous sea of economic uncertainties. Fears of a significant Bitcoin crash, mirroring the volatility seen in traditional stock markets, have intensified, casting a long shadow over the entire digital asset landscape. The …

Recent economic data indicates a stabilization of wholesale prices, offering a temporary reassurance about inflationary pressures. The Producer Price Index (PPI), a key indicator of wholesale inflation, remained flat in February, showing a year-over-year increase of 3.2%. This figure fell slightly below economists’ expectations, suggesting a slowdown in price hikes …

Gold prices have ignited a spectacular rally, surging past previous records and brushing against the $3,000 threshold, a feat achieved despite the headwinds of a robust US dollar and elevated Treasury bond yields. In a display of raw bullish power, XAU/USD soared to an all-time high of $2,971 a troy …

The euro and the British pound remained near their multi-month highs against the U.S. dollar on Thursday, as concerns over slowing U.S. economic growth and escalating trade tensions weighed on the greenback. The euro was last seen at $1.0880, slightly lower but still near its five-month high earlier in the …