Daily Economic Reports

The Bank of Japan (BOJ) left interest rates unchanged on Thursday, as expected, but issued a notably more cautious economic outlook for 2025 due to growing global trade risks, particularly from U.S. tariff policies. At the conclusion of its two-day policy meeting, the BOJ maintained its short-term benchmark interest rate …

Oil prices held steady on Thursday following a steep decline, as investors weighed Saudi Arabia’s willingness to tolerate lower prices, a potential increase in OPEC+ production, and weak U.S. economic data pointing to recession risks. Brent crude futures slipped 6 cents, or 0.1%, to $61.00 a barrel by 07:30 GMT. …

Gold prices slumped further in Asian trading on Thursday, falling for a third consecutive session, as renewed optimism around potential U.S. trade deals sapped safe-haven demand for the precious metal. Spot gold fell 1.5% to $3,240.30/oz, while June futures lost 2.1% to $3,248.64/oz—marking their lowest levels since mid-April. 🔍 Key …

Bitcoin held steady on Thursday, continuing its sideways movement after a robust April rally lost steam. The world’s largest cryptocurrency traded at $94,943.4 by 05:09 GMT, maintaining recent gains but showing signs of fatigue as ETF inflows cooled and concerns around U.S. economic growth resurfaced. 🔍 Key Takeaways Bitcoin up …

The US Dollar Index (DXY) surged to two-day highs near 99.70, driven by fading US-China trade tensions and lackluster US economic data. With markets largely shuttered for the May 1, 2025, Labour Day holiday, the dollar’s rally underscores shifting investor priorities. The Federal Reserve faces a critical juncture, needing to …

The US Dollar Index (DXY) lingers near 99.30, reflecting investor caution as economic signals falter and scrutiny of Federal Reserve policy intensifies. A surprising GDP contraction, sticky inflation, and upcoming data releases keep markets on edge. The path ahead hinges on whether the Fed can navigate these challenges without tipping …

The Trump administration’s aggressive tariff policies are reshaping the U.S. economy, sending ripples through commodity markets from soybeans to silver. These measures aim to overhaul global trade dynamics, but their outcomes remain uncertain—potentially transformative or destabilizing. Markets are reacting swiftly, pricing in risks and opportunities. This article explores how tariffs …

The United States economy experienced an unexpected contraction in the first quarter of 2025, shrinking by 0.3%, according to the US Commerce Department. This marked a significant downturn from the 2.4% growth recorded in the final quarter of 2024 and fell short of economists’ expectations of a modest 0.3% expansion. …

Saudi Arabia’s abrupt pivot from propping up oil prices to embracing lower prices hints at a bold strategy to reclaim market share, even at the cost of fiscal strain. With Brent crude plunging below $65 per barrel, the kingdom’s signals of tolerating prolonged low prices suggest a potential price war …

Gold prices extended their decline on Wednesday as improved sentiment around U.S. trade policy and tariff relief reduced demand for safe-haven assets. Still, the precious metal remains on track for a nearly 6% monthly gain in April, marking its fourth consecutive monthly rise. Spot Gold: ↓ 0.4% to $3,305.10/oz Gold …