Daily Economic Reports

At 150.77, the USD/JPY pair reached a new high that was not seen since late October 2022. Both the US Q3 GDP preliminary estimates and September’s orders for durable goods exceeded forecasts.The USD/JPY kept moving higher during Thursday’s session, peaking at 150.77 before levelling off at 150.35. In contrast to …

The dollar rose on Thursday near its highest levels in two weeks as US Treasury yields rose and investors’ appetite for riskier currencies declined. The yen’s exchange rate exceeded the level of 150 against the dollar, creating a state of concern among traders about the possibility of government intervention to …

As the Middle East conflict heats up again, WTI Crude Oil is back up the daily charts. Requests for a cease-fire so that civilians could receive humanitarian aid were turned down.EIA barrel counts increased more than anticipated, and as geopolitical concerns accelerate, demand concerns will affect the price of crude …

Amidst growing geopolitical tensions in the Middle East, risk aversion remains the driving force behind the financial markets. The GBP/USD pair hit a three-day low of 1.2113, with sellers aiming for the next support level at 1.2100. The US economy is doing well, according to economic data; in September, new …

Bill Ackman has just been crowned as the new king of the bond market as the US national debt and deficit reach historic highs. Ed Yardeni, an economist who spent decades on Wall Street at firms like Deutsche Bank, believes that bond guards are once again out in force, with …

The European Central Bank (ECB) is scheduled to announce its monetary policy decision on Thursday, October 26, at 12:15 GMT. As the release time approaches, economists and researchers from major banks have shared their expectations. The ECB is widely anticipated to maintain its current interest rates unchanged. This expectation comes …

Financial markets and economists anticipate that the central bank will maintain the Official Overnight Rate (OOR) at 5.0% for the second consecutive meeting. This expectation is strongly reflected in market pricing, with an 85% probability favoring another pause. Remarkably, market projections extend until late 2024, indicating a prevailing belief in …

Microsoft beat analysts’ predictions for revenue and earnings per share when it released its quarterly earnings after the bell on Tuesday. The tech giant beat consensus estimates by reporting revenue of $56.5 billion for the quarter.Adjusted earnings per share (EPS) peaked at $2.99 as opposed to the expected $2.66. During …

The dollar fell to its lowest level in a month on Tuesday, October 24, against a basket of other major currencies after US Treasury bond yields declined, but it regained some of its gains as the euro declined against the backdrop of weak economic data. The dollar index, which measures …

The 10-year Treasury yield has reached 5% for the first time since 2007, marking a significant shift in the global financial system. The increase in yields means that the US government must pay more to borrow money from investors to cover its spending, impacting people worldwide. The 10-year Treasury yield …