Daily Economic Reports

In defiance of prevailing concerns over escalating interest rates and anticipated delays in their mitigation until mid-year, US stocks have orchestrated a resolute ascent since the dawn of 2024. Amidst a landscape where inflation remains static, yet optimism for its eventual ebb extends, the stock market has burgeoned, boasting a …

Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy. Brent crude futures slid 7 cents, or 0.1%, to $82.72 a …

Gold advances on weaker than expected US data despite strong US Dollar Gold rebounds from daily lows, with the assistance of a significant push by a sharp drop in US consumer sentiment and future economic outlook. High US Treasury yields weren’t an excuse for Gold’s advance. US consumers expect inflation …

Following solid Canadian employment figures, the USD/CAD pair plunges impulsively to 1.3636, down -0.30%. On the Canadian front, the number of new payrolls increased by 90.4K, but the rate of annual wage growth decreased to 4.8%. According to Fed’s Bostic, the central bank is unsure about the best time and …

U.S. stock index futures climbed on Friday, driven by investor anticipation of speeches from Federal Reserve officials and awaited economic data, amidst a backdrop of increased bets on U.S. interest rate cuts. Market Overview After recent economic data bolstered expectations of U.S. interest rate cuts, U.S. stock index futures pointed …

On Friday, the dollar found its footing after experiencing overnight losses fueled by U.S. data signaling a cooling labour market. Meanwhile, the British pound edged higher following robust first-quarter economic performance in the UK. Dollar Performance Against the Japanese yen, the dollar regained some ground, trading at 155.68 yen, marking …

The previous few weeks have seen a turbulent ride for cryptocurrencies, with unexpected lows and tremendous highs. Nevertheless, new information indicates that Ethereum and Bitcoin may be quietly making a comeback, even though their ascent may not be as high as initially anticipated. Bitcoin Price Performance in a month to …

Oil prices experienced a boost in early trading on Thursday, driven by multiple factors including a decrease in US crude inventories, which suggests a tightening of supply. Brent crude futures for July delivery climbed 23 cents to reach $83.81 per barrel, while US West Texas Intermediate crude futures for June …

Oil prices have erased all intraday losses after the Energy Information Administration (EIA) release, with WTI crude prices reaching their lowest levels in almost two months. The US benchmark crude is +0.12% up trading at $78.10 and Brent is trading is also +0.16% up trading at $82.91 per barrel, at …

Despite higher US Treasury yields and a stronger US dollar during the North American session, gold is still trading firmly over $2,300. This is a slight move. Now, traders’ and investors’ attention is focused on impending US data, such as unemployment claims, University of Michigan consumer sentiment, and the Fed’s …