Economic Report

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 …

Oil prices rose slightly on Wednesday, after data showing a larger-than-expected decline in US crude inventories last week offset fears that China’s fuel demand will decline amid tightening COVID-19 restrictions. Brent crude futures rose 27 cents, or 0.3 percent, to $88.63 a barrel at 0719 GMT, while West Texas Intermediate …

Global equities surged on Tuesday while US Treasury yields dropped ahead of the awaited release of the Federal Reserve’s meeting minutes for November. Investors are looking forward to clues on the upcoming US interest rate hiking. On the other hand, China’s COVID restrictions weighed on the overall market sentiment.Benchmark 10-year …

The British Pound extended its gains amid prevalent positive risk appetite on Tuesday. The Pound Sterling climbed in the US session, though Fed’s hawkish commentary continued and policymakers expressed the likelihood of moderating the tightening cycle pace. China’s Covid-19 outbreak constitutes another factor triggering investors’ fears, though some fears weakened …

On November 1 New Zealand house prices showed the first sign of strain, with their first annual fall in more than 11 years. Prices fell 0.6% from the previous year, and values fell for a 7th consecutive month. This is due to the affordability challenge for buyers either getting new …