Economic Report

Oil prices recovered in early Asian trade on Thursday after tumbling to their lowest level this year, as production and gasoline inventories rose in the United States as concerns grew that an economic slowdown could weaken demand for fuel. Brent crude futures rose $1 to $78.17 a barrel, by 0600 …

Weaker than expected economic data in China threatens to derail economic growth and trigger risk aversion. The US central bank seems pressured by Solid US economic data released since last Friday ahead of the awaited US inflation data.The GBP/USD pair is upward biased, and could even test Tuesday’s high of …

Oil futures witnessed little change in Asian trading on Wednesday, December 7th, as fears about the impact of the cap imposed by the West on the price of Russian oil were offset by hopes for an improvement in demand from China, which kept the markets in anticipation after a sharp …

Fresh data has indicated expansion of Canadian economic activity at a faster pace in November and a measure of price pressures cooled according to Ivey Purchasing Managers Index (PMI) data, released on Tuesday.The seasonally adjusted index rose to 51.4 in November from 50.1 in October. The Ivey PMI measures the …

Trade Balance data in the United States has indicated shows the deficit widening, a headwind for the US Dollar. Germany’s Factory Orders helped the Euro to hold buoyant amid low expectations, while December’s monetary policy meetings by the Fed and the ECB will help to keep the EUR/USD pair within …

Going into the last BoC meeting short-term interest rate markets were split between a 50 and 75 bps rate hike. In the end, the BoC hiked by only 50bps and flagged some concerns about slowing growth which weighed on the CAD in the immediate aftermath. The Bank of Canada flagged …

The US dollar index held firm on Tuesday, posting its biggest gain in two weeks, after strong US service sector data fueled expectations that the Federal Reserve would raise interest rates more than recently expected. The Australian dollar rose from near a one-week low after the Reserve Bank of Australia …

Oil prices fell nearly 3% on Monday, following US service sector data that has added to worries that the Fed could continue its aggressive policy tightening path. So, the data caused oil and stock markets to pare gains.Brent crude futures were down $2.18, or 2.6%, at $83.39 a barrel by …

The GBP/USD pair slides amid risk aversion at start of week US session. The British Pound is vulnerable to soured UK politics and economy. The US dollar bulls are moving in on the face of stronger US economic data.The British Pound is under pressure in the US trading session as …

The dollar fell broadly on Monday after a difficult week, dropping below seven yuan as sentiment towards riskier assets improved after signs that China would ease some restrictions related to COVID-19. More Chinese cities, including financial hub Shanghai and Urumqi in the far west, announced easing coronavirus restrictions over the …