Daily Economic Reports

Bitcoin price has rallied to the $70,000 mark, indicating a potential bull market. Analysts believe that the majority of on-chain indicators point to a nascent bull market, despite some showing topping patterns. The recent support bounce near $60,000 has sparked increased interest, with Farside Investors reporting approximately $950 million in …

On Monday, market dynamics suggest a potential rally in the USD/JPY pair. Throughout May, the US dollar exhibited weakness, while risk sentiment strengthened due to expectations of monetary policy easing by the Federal Reserve. Despite this trend, markets are seeking a new catalyst, aside from economic data, to drive significant …

Gold prices surged to a record high in Asian trade on Monday, driven by heightened geopolitical tensions in the Middle East and a broader rally across metal markets. The increased demand for safe haven assets reflected growing concerns over regional stability and potential escalation of conflicts. Spot gold climbed nearly …

Most Asian stocks climbed on Monday, buoyed by stimulus measures from China and a robust performance in tech-heavy indexes as investors positioned themselves ahead of key earnings reports this week. Wall Street Influence and Fed Expectations Regional markets largely built on gains from last week, driven by softer U.S. inflation …

With a marginal increase, Dow Jones seems unchanged on quiet Friday, although it was still significantly below its recent record highs. Record stock gains fueled by expectations of a rate cut may not last long. Fed policymakers are still a major selling factor for the markets. As the markets conclude …

European stock markets retreated slightly on Friday, as investors awaited crucial inflation data amidst ongoing uncertainty over future interest rate decisions. At 03:10 ET (07:10 GMT), Germany’s DAX index traded 0.2% lower, France’s CAC 40 slipped 0.1%, and the UK’s FTSE 100 dropped 0.1%. Anticipation Builds for Eurozone CPI Release …

Asian stock markets faced declines on Friday as a series of warnings from Federal Reserve officials caused investors to reassess expectations of interest rate cuts, coupled with mixed economic data from China that heightened caution. Asian markets took a cue from Wall Street, where U.S. stock benchmarks closed lower after …

The number of Jobless Claims increased to almost 1.8 million for this week on Thursday’s data, and this is not exactly encouraging. Yet, the US Dollar Index is 0.32% up, above the 104.60 mark at the time of writing. Following a sharp decline, the dollar is maintaining modest gains on …

Most Asian stocks climbed on Thursday, buoyed by upbeat sentiment following record highs on Wall Street. The rally came despite looming regional challenges, including economic contractions in Japan and escalating trade tensions between the U.S. and China. The positive lead from Wall Street, driven by softer-than-expected consumer inflation data, overshadowed …

Wall Street closed Wednesday trading with a big win for risk appetite which managed to beat anxiety prevailed markets because of the second batch of US inflation data a day after the release of producer price data highlighted the rise in inflation to concerning levels that came above expectations. PPI …