Daily Economic Reports

US stocks rose on Monday, extending last week’s rally into a week that is remarkably busy with corporate earnings, employment data, and a Federal Reserve policy meeting. The Dow Jones Industrial Average and Nasdaq Composite each gained 0.4%, while the S&P 500 rose 0.3%. Tesla (TSLA) shares soared after Elon …

The price of Bitcoin, the most well-known cryptocurrency worldwide, is under pressure as it approaches $60,000. As of this writing, Bitcoin is trading at $62,727, down -1.88% from its peak. The Federal Reserve is the focus of attention in the cryptocurrency market this week due to the highly anticipated FOMC …

Hong Kong is set to launch trading for spot Bitcoin and Ether exchange-traded funds (ETFs) on April 30, marking a significant milestone in developing regulated crypto investment products and ETFs worldwide. Three Chinese firms, China Asset Management, Bosera Asset Management, and Harvest Global Investments, are expected to launch crypto ETFs …

The EUR/USD is struggling to maintain gains above 1.0700 amid uncertainty ahead of key economic events, including the release of Eurozone’s CPI, Q1 GDP, and the Fed’s policy outlook. The European Central Bank is expected to start reducing key borrowing rates in June, with the release of preliminary data on …

Oil prices fell in early Asian trading on Monday, giving up gains made on Friday, as peace talks between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Cairo eased fears of a widening conflict in the Middle East. US inflation data also reduced expectations of interest rate cuts soon. …

In addition to selling pressures, Bitcoin market disinterest is currently persisting, and a likely decline in price over the next couple of weeks would be an ideally typical post-halving behaviour. Bitcoin slid lower into the Wall Street open on April 26, as the market maintained familiar trading conditions. The most …

The anticipation of interest rate cut or cuts by the Federal Reserve and data releases dominated the conversation for another week, during which the US dollar fluctuated. In light of this, the USD Index (DXY) appears to have started a slow downturn after reaching fresh annual highs earlier in the …

The yen plummeted to its lowest level against the dollar in three decades on Friday following the Bank of Japan’s decision to maintain interest rates, heightening expectations among traders for potential intervention by Tokyo authorities to stabilize the currency. After the Bank of Japan announced its decision to keep short-term …

The Eurozone’s recovery from the recent downturn is largely due to the growth of the service sector, which has seen job creation accelerate. However, the region faces challenges in meeting the European Central Bank’s 2% target due to persistently high service prices driven by wages. The EU’s decision to stop …

March is likely to see the Fed’s Personal Consumption Expenditures (PCE) index stay stubbornly high, since inflation has exceeded forecasts in every month this year but one. This further complicates forecasting. Fed officials have stated that before the central bank lowers interest rates, they need further assurance that inflation is …