Economic Report

This week’s major events are anticipated to have an impact on the USD/CAD pair. For the day, the pair has moved between a low of 1.3581 and a high of 1.3628, increasing by 0.14%. At the time of writing, the price of the pair is 1.3609.It is going to be …

The Reserve Bank of Australia is about to issue its decision on interest rates, and economists are discussing their predictions for this event as well as the effects of every conceivable scenario on the price action of the AUD/USD pair.i) Hawkish +25 bps, likely by about 35%More interest rate rises …

Monday’s gold price decline is caused by rising US Treasury bond yields, which are up 0.49%. US factory orders decreased less than anticipated, but market players paid it little attention. At the time of writing, the price of the precious metal was 1846.62 per ounce, down from its previous closing …

These are the predictions made by the economists and analysts of 6 major banks on the impending central bank’s decision. The Reserve Bank of Australia (RBA) will issue its next monetary policy decision on Tuesday, March 7 at 03:30 GMT. In March, the RBA is expected to issue another rate …

A Reuters poll revealed on Monday that China likely once more exported and imported less in January and February than a year earlier, supporting authorities’ concerns that a weakening global economy might hinder domestic development. Exports are predicted to have decreased by 9.4% from a year earlier in January-February, which …

The dollar fell broadly on Monday as investors await Federal Reserve Chairman Jerome Powell’s congressional testimony as well as the February jobs report, which will be released at the end of the week and is likely to influence the central bank’s interest rate decision. The dollar index, which measures the …

Saudi Aramco said on Sunday evening that Saudi Arabia raised the selling price of its Arab Light crude oil to Asia for the second month in April to $2.50 a barrel, above the average price of Oman and Dubai crude. The price increase, which is 50 cents a barrel above …

The dollar fell from the highest level in two and a half months against the yen on Friday and headed towards recording its first weekly loss since January against other major currencies as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, particularly sensitive to …

Bitcoin as well as other cryptocurrencies are down on Friday as a result of worries over Silvergate Capital, whose distress could have an adverse effect on how the market operates and the regulatory landscape.Over the past 24 hours, the price of Bitcoin has dropped 4% to around $22,350 before recovering …

On Friday morning, Brent crude fell as much as 2.8% on news reports that the United Arab Emirates is pondering leaving OPEC, the influential 13-nation oil producer alliance.Later, Brent recovered its losses and started to rise; at 11:30 a.m. ET, it was trading at $85.23 per barrel, up 0.57% from …