Economic Report

Despite higher US Treasury yields and a stronger US dollar during the North American session, gold is still trading firmly over $2,300. This is a slight move. Now, traders’ and investors’ attention is focused on impending US data, such as unemployment claims, University of Michigan consumer sentiment, and the Fed’s …

The Bank of England is at a crossroads as it prepares to announce its interest rate decision. Financial markets are abuzz with anticipation, expecting the BoE to start reducing interest rates from the June meeting. Traders have already priced in 53 basis points (bps) of easing this year, implying at …

On Wednesday, most Asian stocks navigated within a flat-to-lower range, pausing for breath after a recent rebound in Chinese markets, while comments from Federal Reserve officials stirred speculation about the timing of potential U.S. interest rate adjustments. Drawing cues from a largely stagnant overnight session on Wall Street, regional markets …

Tuesday saw gains in the US market indices as worries and concerns over the country’s economy, lest it should fall into a recession, eased further. US economic figures indicated that recent data was the worst since February 2023. As a result, there is growing anticipation that the Fed will soon …

Even though election day is nearly six months away, Forex markets have begun factoring in increased foreign exchange volatility around the US vote on November 5. With the difference between the six- and three-month implied volatility for the Chinese offshore yuan skyrocketing for a second day, options traders are concerned …

On Tuesday, the yen continued its decline against the dollar, influenced by interest rate differentials despite warnings from Japanese officials following suspected interventions triggered by substantial dollar selling last week. The Australian dollar dipped 0.36 percent to $0.6601 USD from its recent peak of $0.6650 USD reached last Friday, matching …

Gold prices have recently surged to historical levels, mainly capitalizing on several factors that have come to the forefront, including its prestigious status as a trusted safe haven. In this article, we’ll delve into these elements and explore their impact on the precious metal’s bullish trajectory.The Federal Reserve’s decisions, including …

The Reserve Bank of Australia is at a turning point in history, and both the financial markets and people will be impacted by its looming action. The stakes are high as RBA Governor Michele Bullock gets ready to reveal the monetary policy. Let’s attempt to examine the main elements at …

Bitcoin saw a marginal rise on Monday, rebounding from bear market territory over the weekend, although uncertainties lingered amidst heightened speculation regarding potential U.S. interest rate cuts. Benefiting from a significant decline in the dollar following weaker-than-expected nonfarm payrolls data, Bitcoin recovered from recent lows, climbing 1.7% in the past …

US Dollar Index (DXY) Slips on Weak Employment Data Significant losses were incurred by the US Dollar Index (DXY), closing the North American session on Friday around the 105 mark, in contrast to the week’s opening reading of 106.093. This decline followed the release of US employment data for April, …