Economic Report

The past trading week witnessed remarkable fluctuations coinciding with the beginning of the second quarter of the year 2024, as strong US economic data raised speculation about the ability of the US Federal Reserve to reduce interest rates and when it might make such a decision. The week concluded with …

In March, the US economy added 303,000 new jobs. Slightly less people were unemployed, at 3.8%, and earnings increased more quickly than inflation. The highest one-month payroll increase since May was reported in the report. The US economy created 303,000 new jobs in March, exceeding forecasts and demonstrating that the …

As the eagerly awaited monthly U.S. labor market report looms on the horizon, analysts and investors alike brace themselves for its potential impact, recognizing its pivotal role in shaping the trajectory of economic policy. Scheduled for release at 08:30 ET (12:30 GMT), this report holds the potential to sway sentiments …

The US dollar stabilized against major currencies today, stable against other major currencies, stable after its recent decline to its lowest level in two weeks. Traders are awaiting the release of the March Nonfarm Payrolls report later today, which is expected to add 200,000 jobs. This data is considered crucial …

US stocks have significantly declined since the Israeli Air Force declared maximum alert and the army suspended vacations for combat forces due to concerns about the possibility of Iran launching attacks on Israeli territory, which brought back geopolitical tensions in the Middle East.Israeli Air Force raised its alert to the …

As the Bureau of Labour Statistics (BLS) delivers its much-awaited March jobs report for the US, the financial markets are seemingly excited. Traders will digest this jobs print with great care, looking for hints about how the US economy and Federal Reserve policies will develop in the near future. Nonfarm …

During a meeting between US Secretary Janet Yellen in Guangzhou and Beijing, the US and China are anticipated to carry on their conversation on trade and investment. To keep up the dialogue, the two nations established formal economic working groups. Additionally, Yellen’s eating of a meal prepared with hallucinogenic “magic” …

On Thursday, the dollar steadied below recent highs as traders awaited US jobs data, finding reassurance in Federal Reserve Chairman Jerome Powell’s remarks suggesting potential interest rate cuts later in the year. The yen remained range-bound amid prospects of government intervention, showing little movement from the 151.56 level it has …

The weaker US dollar and falling US Treasury yields have kept gold prices anchored around $2,300. Fed Chair Powell’s suggestion that rates might be lowered this year, if inflation keeps falling, helped the XAU/USD Index rise. US Data Lifts Gold Price Precious metals are rising even if ADP data shows …

Tesla’s lower-than-expected Q1 vehicle deliveries led most analysts to lower their estimates for the electric carmaker’s full-year earnings. After a brief decline, the stock price somewhat increased by Wednesday’s closing.Unmet Goals and Business Obstacles Tesla exceeded even the most bullish expert estimates in Q1 by delivering 386,810 cars. This was …