Economic Report

Bitcoins enjoys a splendid break from the frightening price action this week, the world’s most famous cryptocurrency gained around $1,600, nearly 10%, following the sizable slowdown in US inflation. On Thursday, the Consumer Price Index for October rose 0.4%, far slower than expectations for 0.6%, the Labour Department reported on …

The dollar rose ahead of US inflation data later on Thursday, while cryptocurrencies remained under pressure after crypto exchange Binance withdrew its plans to rescue struggling rival FTX. The dollar is heading towards recording strong gains for the second day in a row, while investors evaluate the results of the …

We’re seeing some risk aversion in financial markets on Thursday as we await inflation data from the US later in the week. Considering how well they’ve performed in recent days and weeks, it probably won’t come as a surprise to many that we’re seeing stock markets in the red. It …

Used car prices would well serve as one of the primary indicators as well as a sizable component of rising inflation. Used car prices have witnessed a sharp increase since the mid 2021s. The latest data showed earlier in the month that used car prices dropped by 2.2% in October, …

The dollar settled near a two-month low against the euro on Wednesday as investors awaited the results of the US midterm elections and inflation data due this week that will guide speculation on the path of a future US interest rate hike. Cryptocurrencies are also high on investor interest, stabilizing …

Tuesday’s midterm elections coincide with turbulent economic weakness in the United States amid accelerating recession-linked predictions as well as ongoing yield curve inversion. The results of Tuesday’s election will determine the makeup of a Congressional body that holds the powers to direct, guide and enact policies that will basically change …

Gold prices fell on Tuesday, November 8, due to a slight rise in the dollar, in addition to shifting investors’ attention to inflation data in America, which is expected to be released next Thursday. Markets are awaiting inflation data because of its impact on the Federal Reserve’s decision to raise …

Gold prices steadied on Monday near a three-week peak hit in the previous session, buoyed by a weaker dollar, while investors looked forward to U.S. inflation data later this week that could influence the size of Federal Reserve rate-hike.At the time of writing, the precious metal is trading at $1676.25. …

This week will witness markets focusing on Tuesday’s US mid-term elections on. Economists at Société Générale expect equities to go up if the Republicans win control of both the Senate and the House.Victory for the Republicans GOP could have negative ramifications for the Euro. The US midterms could have an …

The dollar fell on Monday against the euro and the British pound, amid an improved appetite for riskier assets and a rally in the European stock market. Monday’s survey showed investor sentiment in the eurozone improved in November for the first time in three months, reflecting hopes that a recent …