Economic Report

The United States Senate voted on Wednesday on a large bipartisan infrastructure bill, at an estimated cost of around $550 billion in investments. A total of 67 Senators approved the bill, while 32 opposed, in the first procedural step to debate the proposed plan by President Joe Biden. Despite the …

The U.S. Dollar (USD) showed a fluctuating performance on Wednesday, with the markets focusing on the Federal Reserve policy decision and statement. The greenback began moving downwards in early trades in the American session, erasing most of its daily gains during the European session that also saw some fluctuations, but …

The United States Federal Reserve announced on Wednesday that it has decided to maintain interest rates unchanged at a 0% to 0.25% range, pointing to positive recovery signs by the economy despite the risks and concerns due to the coronavirus pandemic. As the Federal Reserve Open Market Committee (FOMC) concluded …

The United States Federal Reserve is holding its fifth policy meeting this year and it is expected that the discussion about the future of the massive asset purchases, as well as the increasing inflationary pressures, will take center stage in discussions amongst members of the Federal Open Market Committee (FOMC). …

The dollar’s march towards a 3-1/2-month high was halted on Tuesday, July 27th as risk appetite weakened, while the Australian dollar suffered from further tightening of regulation in China. The dollar index recorded 92.73, approaching the highest level since early April, 93.19, which is recorded on July 21. The dollar …

Amazon has reportedly denied on Monday recent news about a plan to begin accepting Bitcoin as payment by the end of 2021, according to Reuters. Now thought-to-be fake reports by British media regarding Bitcoin acceptance by Amazon led to a huge surge in cryptocurrency to levels not seen in about …

Markets are about to enter another turbulent week, the turmoil will be utterly dependent on the performance of household names in the second quarter according to the earnings report and whether these reports indicate a bad performance – which is expected – or come on the positive side, which drives …

The safe-haven yen and the US dollar started the week on the rise against more risky currencies such as the Australian dollar, as the rise in Covid-19 cases and the decline of stocks in Asia led to a state of caution ahead of the Federal Reserve (US Central Bank) meeting …

Reports by British parliament members said that the government will be exposed to financial risks for decades as a result of spending 372 billion pounds on the Corona pandemic, adding that more than two billion pounds has been spent on unusable protection tools. The Parliament’s Public Accounts Committee said in …

The World Health Organization has called upon all countries around the world to cooperate in finding out the origin of the novel coronavirus, despite the Chinese rejection of the proposed scope for the second phase of the investigation, as the scope includes inspecting the hypothesis that the virus could have …