Economic Report

Bitcoin (BTC) has been on a remarkable upward trajectory, flirting with new all-time highs. On Tuesday, it reached a peak of $73,620, fueled by strong institutional demand, particularly from US spot Bitcoin ETFs. These ETFs saw a significant inflow of $827 million, the third-largest single-day inflow since their launch.Analysts believe …

The Canadian Dollar (CAD) maintained a relatively neutral stance against the US Dollar (USD) on Wednesday, as mixed economic data from the United States created a tug-of-war in the currency markets. While the USD initially gained ground due to a stronger-than-expected ADP Employment Change report, it subsequently faced downward pressure …

U.S. stock index futures inched higher Wednesday, buoyed by a notable increase in Alphabet shares following the company’s robust earnings report. As of 06:25 ET (10:25 GMT), Dow Jones Futures were up by 50 points, or 0.1%, S&P 500 Futures climbed 15 points, or 0.3%, and Nasdaq 100 Futures added …

The US Dollar remained steady ahead of key economic data releases, despite receiving mixed signals from the Job Openings and Labour Turnover Survey (JOLTS). US bond yields saw an uptick, supported by market sentiment leaning towards former President Donald Trump in the upcoming presidential election and a cautious stance from …

The United States has finalized rules to limit investments in critical technology sectors in China, such as artificial intelligence, on national security grounds, according to the Treasury Department. These restrictions will prevent U.S. citizens, permanent residents, and U.S.-based companies from engaging in transactions involving technologies like AI, semiconductors, and quantum …

Dow Jones Dips as Fed Rate Cut Bets Rise: A Balancing ActThe Dow Jones Industrial Average retreated on Tuesday, reversing Monday’s gains as US Treasury yields climbed. This downward trajectory was primarily driven by growing expectations of a potential Federal Reserve rate cut in November.Dow Jones’s recent decline reflects the …

The U.S. dollar held steady at high levels on Tuesday, bolstered by recent U.S. economic data that suggests resilience in the economy and anticipation of a slower pace of rate cuts from the Federal Reserve. Meanwhile, the Japanese yen remained near a three-month low due to post-election political uncertainty. As …

Gold, the timeless safe haven, has been on a dazzling run this year. However, recent market trends suggest a potential pause in its upward trajectory. As U.S. Treasury yields rise and the dollar strengthens, gold’s allure as a safe-haven asset may diminish.Tug-of-War Between Bulls and BearsThe Federal Reserve’s monetary policy …

U.S. stock index futures climbed on Monday, supported by easing geopolitical concerns and anticipation of a busy week, including key technology earnings, nonfarm payroll data, and final U.S. presidential election campaign pushes. By 06:35 ET (10:35 GMT), Dow Jones Futures were up 225 points (0.5%), S&P 500 Futures gained 36 …

The U.S. dollar reached new highs on Wednesday as investor demand for safe-haven assets grew in response to ongoing uncertainties surrounding U.S. interest rates and the upcoming presidential election. At 04:10 ET (08:10 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, rose by …