Economic Report

The US Federal Reserve is undergoing a notable leadership transition following the resignation of Governor Stephen Miran. His departure comes at a critical moment as the central bank prepares for a change at the top, with a new chair set to be sworn in.The reshuffle is expected to reshape the …

The euro remained under pressure on Thursday as the US dollar continued its powerful rally following stronger-than-expected economic data from the United States. The EUR/USD pair slipped toward 1.1678, down around 0.30% on the day, after opening near 1.1710 and trading within a volatile range between 1.1670 and 1.1721. The …

Reopening High-Stakes Economic Talks in BeijingUS President Donald Trump’s arrival in Beijing on Thursday, May 14, 2026, reignited one of the most closely watched geopolitical and economic dialogues of the decade. Meeting Chinese President Xi Jinping amid surging oil prices, global inflation, and renewed tariff disputes, the summit has become …

The Japanese yen is under intense pressure, and the battle to stop its collapse is becoming increasingly expensive. As of May 14, 2026, the US dollar is trading near 158 yen after fluctuating sharply between 157.29 and 158.19 during volatile market activity. Behind those numbers lies a much larger story: …

Key Takeaways Modest monthly gain: U.S. retail sales rose 0.5% in April to $757.1 billion, matching market expectations. March revised down: The prior month’s reading was revised to 1.6% from the initial 1.7%. Strong annual growth: Retail sales were up 4.9% year-on-year in April. Three-month trend: Total sales for February …

Key Takeaways Futures climb: Dow futures rose 396 points (+0.8%), S&P 500 futures gained 0.3%, and Nasdaq 100 futures added 0.3%. Records keep falling: The S&P 500 notched a fresh all-time peak Wednesday, while the Nasdaq Composite spiked 1.2%. Trump-Xi friendly tone: Trump hailed “extremely positive and constructive discussions” with …

Key Takeaways Pound slips: GBP/USD fell 0.01% to 1.3520, while EUR/USD eased 0.02% to 1.1712. Strong UK GDP: Q1 GDP grew 0.6% quarter-on-quarter, in line with expectations and up from Q4’s 0.2%. Annual surprise: GDP expanded 1.1% year-on-year, beating the 0.8% consensus. March defies forecasts: Monthly GDP rose 0.3% versus …

Key Takeaways Mixed gold action: Spot gold edged 0.3% higher to $4,700.25 per ounce, while U.S. gold futures eased 0.2% to $4,697.97. Sidelined investors: Traders largely stayed on the sidelines during the opening day of the two-day Trump-Xi summit. Xi’s positive tone: The Chinese president said both nations had made …

Key Takeaways Modest pullback: Brent crude fell 0.4% to $105.18 per barrel, while WTI slipped 0.7% to $100.33. Weekly gains intact: Both contracts are still set for sharp weekly gains despite Thursday’s dip. Conciliatory summit: Trump-Xi meeting wrapped after 2 hours 15 minutes, with leaders striking a friendly tone despite …

Key Takeaways Q1 GDP beats expectations: UK economy grew 0.6% quarter-on-quarter, accelerating from Q4 2025’s 0.2% rise. Annual growth strong: GDP rose 1.1% year-on-year in Q1 — well above the 0.8% expected. March defies forecasts: Monthly GDP rose 0.3% in March, beating expectations for a 0.1% drop despite the Iran …