Economic Report

The dollar fell sharply against the Japanese yen on Monday, as investors focused on rare protests in China that pushed the yuan to a two-week low. Protests against anti-COVID restrictions erupted across China and spread to several cities in the wake of a fire that killed 10 people in Urumqi, …

Data on Friday showed that the German economy expanded slightly in the third quarter, more than initially expected, supported by consumer spending. The Federal Statistical Office said Europe’s largest economy grew by 0.4 percent quarterly and 1.3 percent annually, according to seasonally adjusted figures. Analysts polled by Reuters had expected …

Contango is traditionally defined as the case where the commodity market witnesses prices for delivery at later dates that are higher than immediate exchange prices; that is to say, it is a market condition signaling oversupply and a situation where traders exploit the moment to buy for storing oil for …

The British Pound fell slightly on Friday, but is still on track for its third consecutive weekly increase against the US dollar. Analysts expect sterling to remain fragile as central banks, including the Bank of England, continue to tighten monetary policy even though the recession is expected to be deeper …

Gold prices rose slightly on Friday, on track for a weekly gain, as it received support from a weaker dollar on signs that the Federal Reserve may soon slow the pace of raising interest rates. Spot gold rose 0.2 percent to $1,758.41 an ounce by 0223 GMT, and has risen …

The average monthly performance of the Euro against the US dollar for the last 20 years shows that the EUR/USD pair usually rises in December according to several economists. The last 20 Decembers are seen as perfect time for the EUR/USD to rise on 16 occasions out of the total …

European Central Bank policymakers have fears that inflation may be getting rooted at their last policy gathering, this is why the prevalent trend adopts the idea that interest rates would need to be hiked further according to the accounts of the October 26-27 ECB’s meeting, released on Thursday.The ECB raised …

The US dollar fell Thursday, November 24, as investors flocked to risky assets after expectations of a slowdown in the rate hike in the US. The upcoming minutes of the Fed’s Monetary Policy Committee meeting, which was held on the first and second of November, revealed that officials are very …

Gold prices extended gains on Wednesday as the FOMC minutes for November policy meeting showed a “substantial majority” of members opting to slow down rate hikes. Spot gold rose 0.6% to $1,750.38 per ounce, while US gold futures settled 0.6% higher at $1,750.90.Gold traded higher in a relief rally after …

The US dollar held steady on Wednesday ahead of the highly anticipated release of the Federal Reserve’s latest policy meeting, while the New Zealand dollar was boosted by a record interest rate hike to curb inflation. The US dollar index, which measures the dollar’s performance against six major currencies, settled …