Daily Economic Reports

Demand on safe havens increased on Wednesday, with rising tensions between the United States and China escalating to the closure of the Chinese consulate in Houston, which left a toll on the USD. Meanwhile, gold and silver maintained their record-breaking rallies, while oil prices were affected by a rise in …

The European agreement on the long-anticipated recovery fund and budget stood out as the most important event and market mover on Tuesday. Meanwhile, the Australian Dollar was probably the top performer against major currencies today, while the Euro and the British Pound increased their gains supported by the US Dollar …

Forex: EUR/USD Maintains Upward TrendFX Option Expiries for July 20 NY Cut Cryptocurruncies: Bitcoin: Fails to Live up Commodities: Oil Futures Close HigherGold Prices Settle Higher and Silver Maintains GainsSilver Surges to Highest Level in Four YearsGold Rises on Increased Covid-19 Cases Stocks: Wall Street Closes Higher and Nasdaq Breaks …

Markets are looking for a new direction after stocks tumbled and the dollar appreciated on Tuesday. Concerns about Covid-19 cases in the US and geopolitical tensions remain dominant. After the number of cases declined on Monday, the cases of Covid-19 increased again in the United States on Tuesday. New cases …

The US dollar index, DXY, which measures the strength of the greenback versus a basket of currencies, lost the upward trend and slid back to 97.00 levels after Wall Street’s opening bell. The US dollar index maintained gains in the 96.80 region, which is the positive zone, advanced for the …

German Minister of Economy Peter Altmaier said during press statements that he expects that his country’s economy is recovering from the repercussions of Covid-19 in October. Altmaier added that the economy will shrink by 6% in 2020 and then return to growth by more than 5% in the following year. …

Markets stabilized and the US dollar attempted a recovery after risk-on sentiment on Monday, buoyed by rising Chinese stocks and easing Coronavirus concerns in the United States. Gold managed to rise despite the risk appetite, solid above 1780, and may be ready for a leg higher throughout the day. Sunday’s …

The markets were optimistic after headlines from China which gave optimism to share, the rise of Asian shares, in turn, raised the S&P 500, which affects USD and the safe haven. Coronavirus cases continue to increase at an alarming rate in US. US: GS is not optimistic about the US …

With US markets closed this Friday in celebration of Independence Day holiday, oil prices enjoyed a good week and gained more than 4%. According to Reuters, oil fell below 43 dollars/barrel on Friday on the back of the increased numbers of coronavirus infections in the US. However, it noted that …

Friday’s survey showed that the decline in business activities in Eurozone had receded sharply, the recent decline as a result of public isolation measures to halt the spread of Corona as more companies resume their activities. Nearly 11 million people worldwide have been infected with Covid-19, but the restrictions have …