Daily Economic Reports

The yen is poised to achieve its most impressive weekly performance in over a year on Friday, propelled by suspected intervention from Tokyo earlier in the week to prevent the Japanese currency from reaching its lowest levels in 34 years. This move has led to a general decline in the …

Today marks the eagerly anticipated release of the most crucial US employment data, the Non-Farm Payrolls (NFP) report, promising insights into the economic landscape of the United States. Anticipation looms large as expectations lean towards a notable deceleration in job growth, counterbalanced by a projected stability in the unemployment rate …

After losses during the past trading session, Bitcoin is making an attempt to recover. After plunging over 6% on Wednesday and having its worst monthly performance in April since late 2022, it has bounced back from the lows set on Wednesday, currently trading at $590,111 as of this writing. The …

On Thursday, the yen depreciated against the dollar, reversing its trajectory following a sudden surge on Wednesday night, which market participants and analysts promptly linked to intervention by Japanese authorities. The yen declined by 0.80 percent to 155.73 against the dollar by 0537 GMT, retracing nearly half of its ascent …

Since mid-April 2024, the global oil market has been in a tug of war mode, with remarkable fluctuations, as prices continued to swing and reacted to upward and downward pressures. In order to understand this volatility, it is essential to refer to reliable data and stay informed on global developments …

On Wednesday, the dollar edged closer to its highest level since November in anticipation of the Federal Reserve’s interest rate decision later in the day. This move followed Tuesday’s data indicating persistent inflationary pressures in the American economy. Meanwhile, the yen dropped to its lowest level since concerns emerged about …

AstraZeneca is beating the odds this week. The COVID-19 vaccination is still controversial, but it doesn’t stop the company’s stock price rising. With the 1.3% increase today, the share price has recently surged over 8% within only five days, building on the enthusiasm from the strong Q1 results announced last …

Markets expect the Fed rate to remain unchanged at the end of the Federal Open Market Committee meeting today, Wednesday, May 1, as inflation data for early 2024 has raised concerns that the transition to a 2.00% annual inflation rate may take longer than previously expected.Markets are awaiting the Fed’s …

Beyond forecasts, Amazon’s performance during Q1 was a remarkable success, with continued dominance in both cloud computing and e-commerce. The path ahead is not free from challenges, though. To sustain development trajectory, Amazon needs to strategically manage issues including consumer spending patterns, address intensifying competition, and economic concerns. The massively …

The Canadian GDP print came below forecast, further weakening the Canadian currency. US wage growth picks up speed once more, dash hopes for rate cuts. Tuesday saw a weakening of the Canadian currency relative to the US dollar following a risk-off surge in the US market session that followed above-average …