Economic Report

Gold prices edged lower in Asian trade on Wednesday, continuing to retreat from record highs as concerns over elevated U.S. interest rates grew ahead of crucial signals from the Federal Reserve. Industrial Metals Also Under Pressure The downward trend extended to industrial metals, with copper prices pulling back further from …

Since fighting inflation is one of the two main components of the Bank of England’s mandate, and as all major central banks do assess how well they have performed the fundamental mandate assigned to them, markets are waiting for new evidence that could help identify the characteristics of the future …

The stock market is closely and carefully watched by analysts as well as investors as Nvidia gets ready to announce its quarterly financial results. Tuesday’s closing high of 5,321.41 was achieved by the S&P 500 index thanks to robust corporate earnings in the first quarter of 2024. Nonetheless, a few …

The Canadian dollar has been under scrutiny recently as investors closely monitor economic data and central bank statements. Here’s a breakdown of the recent developments and their impact on the CAD as the USD/CAD pair is 0.20% up trading at 1.3651 at the time of writing.Inflation Data, Rate Cut Bets …

Gold prices experienced significant volatility on May 21, 2024, as they corrected lower after touching an all-time high of $2,450 on the previous trading day. The pullback was driven by central banks’ communication regarding their reluctance to lower interest rates. In this article, we’ll delve into the factors influencing gold …

Most Asian stocks edged lower on Tuesday as the stimulus-driven rally in Chinese markets lost momentum. Additionally, concerns about sustained high interest rates continued to weigh on investor sentiment. Hong Kong’s Hang Seng Suffers Hong Kong’s Hang Seng index was the day’s worst performer, hit hard by a significant drop …

The Eurozone will shortly release its inflation data. This information holds significant importance as it directly influences price movements in financial markets. Additionally, it plays a crucial role in shaping the trajectory of the Euro (the unified European currency) and impacts price actions in European stocks during the upcoming session.According …

Bitcoin price has rallied to the $70,000 mark, indicating a potential bull market. Analysts believe that the majority of on-chain indicators point to a nascent bull market, despite some showing topping patterns. The recent support bounce near $60,000 has sparked increased interest, with Farside Investors reporting approximately $950 million in …

On Monday, market dynamics suggest a potential rally in the USD/JPY pair. Throughout May, the US dollar exhibited weakness, while risk sentiment strengthened due to expectations of monetary policy easing by the Federal Reserve. Despite this trend, markets are seeking a new catalyst, aside from economic data, to drive significant …

Gold prices surged to a record high in Asian trade on Monday, driven by heightened geopolitical tensions in the Middle East and a broader rally across metal markets. The increased demand for safe haven assets reflected growing concerns over regional stability and potential escalation of conflicts. Spot gold climbed nearly …