Economic Report

The Bank of Canada (BoC) is widely anticipated to reduce its key policy rate by another 50 basis points on Wednesday, marking the second consecutive move of this magnitude. The decision comes as Canada grapples with weak economic growth and rising unemployment, signaling an economy in need of support, according …

The U.S. dollar advanced on Wednesday, bolstered by market anticipation ahead of the November consumer inflation report. The greenback’s strength weighed on the euro, sterling, and Chinese yuan, with broader implications for global currency markets. Key Developments Dollar Index Rises At 05:15 ET (10:15 GMT), the Dollar Index climbed 0.3% …

The upcoming US Consumer Price Index (CPI) report, scheduled for release on Wednesday, December 11th, is poised to significantly influence the Federal Reserve’s (Fed) monetary policy decisions. While markets have been anticipating a 25 basis point rate cut in December, a higher-than-expected inflation reading could prompt the Fed to reconsider …

The US stock market hung in a state of cautious optimism on Tuesday as investors awaited the release of the Consumer Price Index (CPI) data on Wednesday. This crucial economic indicator will provide valuable insights into the trajectory of inflation and, consequently, the Federal Reserve’s forthcoming interest rate decision.The market’s …

The U.S. dollar edged higher on Tuesday as investors anticipate inflation data that may guide the Federal Reserve’s monetary policy decisions. Meanwhile, global currency markets saw significant movement due to shifts in policy expectations and economic data across major economies. Highlights of Currency Movements U.S. Dollar Strength The dollar index …

The global financial markets are currently laser-focused on recent decisions and upcoming events that could significantly impact various asset classes. Investors are particularly attentive to the rate decision by the Reserve Bank of Australia (RBA) and the anticipated US Consumer Price Index (CPI) report.Reserve Bank of Australia (RBA) DecisionThe RBA …

As investors step into 2025, the financial landscape is poised for significant shifts across various asset classes. This overview is an attempt to delve into the expected trends for shares, cash, bonds, commodities, gold, and Bitcoin, providing a comprehensive understanding of what the new year might bring and could bring …

The Dow Jones Industrial Average (DJIA) commenced the new trading week on a cautious note, hovering near the 44,600 level. While China’s recent monetary policy shift initially ignited optimism, geopolitical tensions in the Middle East and South Korea, coupled with concerns about the global economic landscape, tempered investor enthusiasm. China’s …

Gold prices climbed higher on Monday, trading up some 1.33% at $2667 per ounce, driven by a combination of factors:Geopolitical Uncertainty: The ongoing instability in the Middle East, particularly following the fall of the Bashar al-Assad regime in Syria, has increased demand for safe-haven assets like gold. Central Bank Buying: …

The US dollar edged lower on Monday, as traders digested last week’s jobs report pointing toward a likely Federal Reserve rate cut later this month. However, the greenback’s losses were modest, supported by ongoing geopolitical instability in the Middle East. Dollar Shows Signs of Weakness By 04:00 ET (09:00 GMT), …