Economic Report

As of this writing, the EUR/USD is fluctuating at 1.0954, ahead of the US Employment and ISM Services PMI data. An important drop in US job openings suggests that the US labour market is currently cooling. The recent increase in the price of oil may cause inflation in the Eurozone, …

The policy rate was maintained by the Reserve Bank of Australia at 3.60%. Inflation has reached its high, the labour market is still extremely tight, and additional tightening may be necessary, according to the RBA’s Statement.The Reserve Bank of Australia kept interest rates constant on Tuesday, thus the AUD/USD pair …

Gold price jumped above $2,020, reaching the highest level since March of last year. However, analysts and economists believe that the precious metal could correct lower if higher crude oil price sparks the existing inflation fears.Gold’s strength was by no means intuitive: after all, the significant rise in the oil …

On Tuesday, advances in technology and growth sectors helped push U.S. stock index futures higher as investors anticipated important economic data that might determine the Federal Reserve’s course for monetary tightening. While sales of its Chinese-made electric vehicles increased in March, Tesla Inc. gained 1% in premarket trade. Its shares …

The West Texas Intermediate remains above the gap in bullish territory. The OPEC+ cartel shocked the market by reducing output by 1.1 million barrels per day in order to stabilize prices.West Texas Intermediate WTI crude oil increased 6.3% on Monday and is currently trading at $80.44. The day’s high was …

As the US economy tightened, the S&P Global and ISN Manufacturing PMIs dipped into the recessionary range. Following weak US manufacturing data, the yields on US Treasury bonds and the Dollar both plunge.After reaching a daily high of 0.9196, the USD/CHF fell by 0.17% due to lower-than-expected inflation in Switzerland. …

After a surprising agreement by OPEC+ to reduce additional output, oil prices soared on Monday, registering their largest daily increase in over a year. After reaching its highest price in a month at $86.44, Brent crude was up $4.91, or 6.2%, to $84.80 a barrel as of 12:15 GMT. After …

After a surprising agreement by OPEC+ to reduce additional output, oil prices soared on Monday, registering their largest daily increase in over a year. After reaching its highest price in a month at $86.44, Brent crude was up $4.64, or 5.8%, to $84.53 a barrel as of 11:15 GMT. After …

Wall Street rose on Friday, with the Nasdaq index posting its biggest quarterly percentage gain since June 2020, after signs of easing inflation raised hopes that the Federal Reserve would soon end its aggressive campaign to raise interest rates. The Standard & Poor’s 500 Index posted gains for the second …

The key factor behind the AUD/decline was the buoyant American dollar. Inflation in the US is still declining, and consumer confidence declined in March. TDS Analyst anticipates that the RBA will maintain rates at their meeting in April. Awaiting the RBA’s decision, the AUD/USD price is muted in the immediate …