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Daily Economic Reports

Weekly market wrap: FOMC minutes are looming amid trade fears

Three things dictated price action in financial markets last week, including reaching a trade deal between USA and Vietnam, positive US jobs data, and passing “the Big Beautiful Bill”. The recent appreciation of the U.S. dollar was driven by improving investor sentiment toward America’s trade outlook, supported by Friday’s robust …

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EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data

Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.1778, despite thin market liquidity due to the U.S. Independence Day holiday, according to The Independent. The modest gain, which contributed to a weekly increase of 0.53%, came as investors grappled with escalating tensions over …

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Gold Shines Amid Tariff Threats and U.S. Dollar Weakness

Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S. fiscal sustainability following the passage of a major tax and spending bill. With U.S. markets closed for Independence Day, tariff uncertainties and the bill’s $3.3 trillion deficit impact have bolstered gold’s safe-haven appeal. The …

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European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns

European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over the looming U.S. trade tariffs deadline set by President Donald Trump. With U.S. markets closed for the Independence Day holiday, trading activity was muted, and European investors remained cautious about the potential fallout …

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U.S. to Send Letters Outlining Tariff Rates Ahead of July 9 Deadline

U.S. President Donald Trump confirmed on Thursday that the U.S. will begin sending out letters to major global economies by Friday, detailing the specific tariff rates their exports will face when entering the U.S. market. The announcement marks a decisive move towards implementing the tariffs after a 90-day pause which …

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