Daily Economic Reports

US President Donald Trump has reignited trade tensions with Canada by imposing sweeping tariffs, marking a significant escalation in his administration’s trade policies. On March 4, 2025, the United States implemented a 25% tariff on all Canadian goods entering the country, with a slightly reduced rate of 10% applied to …

EUR/USD experienced a significant surge following the European trading session, propelling the pair beyond the 1.0520 level as bullish momentum intensified. This upward trajectory was marked by a decisive break above the crucial 100-day Simple Moving Average (SMA), a technical milestone that solidified the bullish sentiment. The pair has now …

The US Dollar is currently facing significant downward pressure, as escalating trade tensions and growing economic concerns weigh heavily on investor sentiment. The catalyst for this decline is the implementation of US tariffs, which have triggered swift and substantial retaliatory measures from key trading partners, notably Canada and China. This …

The intricate dance of the USD/JPY exchange rate has taken a dramatic turn, spotlighting a stark contrast between the US administration’s currency apprehensions and the market’s bullish fervor. While Washington voices concerns over perceived currency manipulation, particularly by Japan, analysts are keenly observing the Bank of Japan’s (BoJ) tightening policy, …

Gold prices remained largely unchanged in Asian trading on Tuesday, with safe-haven demand providing support amid escalating trade tensions. The market reacted to the implementation of U.S. tariffs on Mexico and Canada, alongside further tariff escalations against China. As of 00:23 ET (05:23 GMT), Spot Gold was steady at $2,892.98 …

Oil prices fell 2% to a 12-week low on Monday, influenced by reports that OPEC+ will proceed with a planned oil output increase in April and concerns that U.S. tariffs could negatively impact global economic growth and oil demand.Brent futures settled at $71.62 a barrel, down $1.19, or 1.6%, while …

The Australian dollar (AUD) began the week with a notable rebound, halting a six-day decline that saw it lose 3% against the US dollar (USD). Currently, AUD/USD is trading at 0.6203 in North American trading, marking a 0.71% increase for the day.Key Economic Data on the HorizonTraders are now anticipating …

The tumultuous geopolitical landscape in Europe, dominated by the ongoing conflict in Ukraine and heightened tensions with Russia, has ignited a complex interplay of security concerns and economic realities, leaving an indelible mark on the forex market. While Europe’s latent capacity for self-defense and sustained support for Ukraine has proven …

The cryptocurrency market experienced a significant boost early Monday, with Bitcoin and other digital currencies like Ethereum, XRP, Dogecoin, Solana, and Cardano seeing sharp price increases. This surge followed President Donald Trump’s announcement of a U.S. crypto strategic reserve aimed at bolstering the industry. Despite the rise, prices remained below …

US market is bracing for Friday’s crucial employment data, a potential catalyst amidst swirling recession anxieties. Recent market behavior reflects this unease, with volatility dominating trading sessions. While inflation figures have offered a degree of comfort, a concerning dip in consumer spending and a subsequent downward revision of GDP forecasts …