Economic Report

The recent banking crisis has helped Bitcoin rise in 2023, and some other cryptocurrencies are following suit: At the same moment that Bitcoin has surpassed $30,000, ether has surpassed $2,000 for the first time since May 2022. Bitcoin was earlier on Thursday at $30,533, up 1.5% from where it was …

The price of gold is rising, however it is still below the year’s highs, which were previously set at about $2,048.79, as US data showed the US economy is still slowing down. As a result, the US Dollar (USD) declined as US Treasury bond yields continued to decline, while Gold …

Despite an easing of US inflation, the oil price managed to recover. The US Dollar has been negatively impacted by a slowdown in US inflation. Last week, investors were mildly reported to have built up in oil inventories. After reaching a new four-month high of $83.48 on Wednesday, WTI and …

The Dow Jones Industrials Index, the Nasdaq 100 Index ($IUXX) (QQQ), and the S&P 500 Index ($SPX) (SPY) all recorded losses on Wednesday. The S&P 500 Index ($SPX) (SPY) lost -0.41%.The Nasdaq 100 posted a 2-week low on Wednesday, as stock indices gave up early gains before settling marginally down. …

Although petrol prices decreased in March, consumer prices in the United States hardly increased. However, stubbornly high rents maintained underlying inflation pressures at a simmer, making it probable that the Federal Reserve will increase interest rates again next month. However, the Labor Department’s data on Wednesday contained some positive news …

Despite the fact that GDP surged in the first quarter, many predict that the Bank of Canada will keep rates on hold on Wednesday as inflation cools and due to stress in the global financial system. The Bank of Canada halted its tightening campaign last month, setting its benchmark rate …

The dollar fell on Wednesday ahead of the closely watched inflation reading later in the day that will provide more clues on the path of Federal Reserve policy on interest rates. After announcing strong jobs data in the US last week, eyes are now focused on the inflation report and …

At the time of writing, the price of one bitcoin is $30,174. The most well-known cryptocurrency asset increased on Tuesday, surpassing the crucial psychological threshold of $30,000 as investors anticipated crucial inflation data later in the week that could affect cryptocurrency values.By market capitalization, the biggest cryptocurrency was last up …

Stocks and bonds made small changes on Wall Street on Tuesday as trading was quiet in anticipation of news later in the week that might affect the markets.The S&P 500 lost 0.17 points, or less than 0.1%, to 4,108.94, its smallest one-day movement in more than a year. The majority …

As the US dollar declines, WTI crude oil surges to test resistance once more. Reduced crude oil output keeps the price of black gold higher. On Tuesday, WTI oil prices increased by over 2% to $81.55 per barrel as investors prepared for data that would reveal additional reductions in US …