Economic Report

A sharp rise in the dollar pushed the yen to a 10-month low on Thursday and kept the euro and sterling near three-month lows as investors put their full faith in the still-strong US economy despite the bleak global growth outlook. The dollar rose to a new peak at 147.875 …

Following a five-day losing skid, the price of gold has increased from a one-week low to $1,918 on Thursday during the Asian session. Because of the strengthening US Dollar, rising US Treasury bond yields, worries about China, and other factors, the price of gold is declining. The US ISM Services …

The USD/CAD pair increases as rising US Treasury yields result from positive economic data in the United States. Although the Bank of Canada maintained interest rates steady, it cautions that further increases should not be ruled out. Despite the BoC’s aggressive stance, the US dollar dominates the foreign exchange market, …

This week, the EUR/GBP pair has lost around 0.42%, dropping to 0.8535. As of this writing, it is trading at 0.8531 after the Eurozone’s PPI figure for July above expectations while the August Services PMI came in below expectations.The same month’s British PMI numbers were better than anticipated, although they …

Due to waning market sentiment and declining momentum, it is anticipated that Bitcoin will drop below the $24,995 threshold. The $1,630 support level is tenuously holding, putting Ethereum price at risk of a 5% decline for liquidity collection. If the current confidence holds, ripple price could break through the $0.5667 …

The chances of a soft landing are getting better, but the Australian economy still seems to be in a holding pattern. It’s far from certain that the unemployment rate will stay below 4%, that wages will catch up to or surpass inflation, or even that the federal budget will continue …

SoftBank Group’s Arm is aiming for a valuation of more than $52 billion in its initial public offering, making it the year’s largest stock market debut. According to a regulatory filing on Tuesday, SoftBank (TYO:9984) is issuing 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 …

As investors await the Reserve Bank of Australia’s next monetary policy decision, the AUD/USD pair recovers to 0.6460s, up 0.26%. A weaker US Dollar is caused by mixed US jobs data and Wall Street’s closure for Labour Day; the probability of a Fed rate hike in September remains at 92%. …

Prior to settling around $85.50, WTI reached the support level of $85.32. Investors are still assessing the Friday-released August US NFPs. OPEC expected that its voluntary production caps would remain in place. The WTI crude barrel traded neutrally in the $85.50-$86.00 band, close to multi-month highs, thanks to the falling …

Chinese equities rose on Monday as Beijing pushes forward attempts to restore the nation’s struggling real estate market, while a rally in Europe fizzled owing to worries about increases in eurozone interest rates. The Hang Seng in Hong Kong increased 2.5%, driven primarily by strong gains in developer firms, while …