Daily Economic Reports

Gold fell Thursday, September 24th, to its lowest level in more than two months, on dollar’s rally, while investors were concerned about the uncertainty surrounding additional stimulus measures to support the slowing economic recovery in the United States. This fell gold in immediate transactions 0.7% to 1851.51 dollars an ounce …

The euro fell to its lowest level in two months, Wednesday, September 23, after positive economic data from the United States and concerns about the second wave of Coronavirus infections combined with weak European indicators to support the rise of the dollar. The US currency rose to $ 1.1671 against …

Oil prices fell by more than 1% on Wednesday, September 23, after data reported that US crude inventories rose unexpectedly, renewing concerns about fuel demand, which caused heavy selling earlier in the week. By 0641 GMT, Brent crude futures fell 33 cents, or 0.8%, to $ 41.39 a barrel. US …

Gold prices rose and on track to achieve gains for the second week in a row thanks to the weak dollar as weak jobs data in the United States negatively affected hopes for the economic recovery. Gold rose in spot trading 0.6% to 1953.70 dollars an ounce with the opening …

The dollar held on to narrow trading ranges. Still, it was heading towards a weekly loss against the major counterpart currencies, after negative data cast doubt on the economic outlook, while positive comments from the Minister of Finance in New Zealand helped support the country’s currency. The dollar gave up …

A survey showed that about two-thirds of medium-sized companies in Germany have become, after the Corona crisis, determined to enhance their use of digital means such as videoconferencing, at a time when they are facing a difficult future for their performance. The results indicated that more than half of these …

Oil prices rose for the fourth session in a row as Goldman Sachs estimates that the market is in a deficit and a new storm has begun to form in the Gulf of Mexico, putting crude on the path of achieving a weekly gain of about 10%. After the Tokyo …

Official figures showed that UK retail sales continued to post gains last month, as parts of the sector recovered faster than most of the economy. The Office for National Statistics said retail sales volumes rose 0.8% in August, slightly more than the median forecast of 0.7% in a Reuters poll. …

Data showed that the Eurozone’s unadjusted trade surplus jumped year on year in July, as imports fell further with exports amid an economic slowdown caused by the COVID-19 pandemic. The European Union statistics office Eurostat said that the trade surplus of the 19-country Eurozone countries with the rest of the …

The Japanese yen rose on Wednesday, September 16th, as dealers bet that the Fed’s ultra-easy policy would put pressure on the dollar and elect a new prime minister for the country, while the Chinese yuan extended its gains a day after data indicated better prospects for the world’s second largest …