Economic Report

Strong US Retail Sales figures and a spike in US Treasury yields have continued to drive down gold prices, which have lost more than 1.11% of their value. Gold’s decrease is partly due to the US Dollar Index’s upward trajectory, which reached a five-week high, and hawkish remarks made by …

GBP/USD surged by 0.25% as a result of the UK’s surprise 4% annual increase in inflation. GBP’s upside is limited by obstacles such as the moderate rate of cut by the Fed and the improvement in US retail sales. In contrast to the anticipated Fed rate decrease in March, the …

Tuesday saw a decline in US stocks as investors continued to monitor the direction of interest rates following a mediocre start to the earnings season that was marked by significant bank results.The S&P 500 fell 0.2% and the Dow Jones Industrial Average fell 0.4%. Despite briefly entering positive territory during …

The price of gold is trading around $2,035.03 per ounce at the time of writing. That’s down 0.94% since yesterday’s gold price per ounce and down 1.39% from the beginning of the year. The lowest trading price within the last 24 hours: $2,031.51 per ounce. The highest gold spot price …

The dollar gained ground on Tuesday as investors tempered their expectations of imminent interest rate cuts by the Federal Reserve, influenced by hawkish comments from European Central Bank officials. Meanwhile, concerns over potential attacks on ships in the Red Sea contributed to a reduced appetite for risk. Here’s a breakdown …

On Monday, European equities generally lost ground, with the STOXX600 falling by 0.5 percent. In November, the Eurozone’s Industrial Production declined once more. The ECB’s aspirations for rate change continue to be met with a stiff wall from policymakers.To start the new trading week, global market indexes dropped and European …

In order to prevent “a fairly significant decline in growth rates,” China must implement fundamental reforms, the chief of the International Monetary Fund cautioned on Monday. At the World Economic Forum in Davos, Switzerland, Kristalina Georgieva told US media outlets that China was confronting both immediate and long-term difficulties.She claimed …

US Treasury Secretary Janet Yellen has cautioned that the dollar’s hegemony in the world may be threatened by economic sanctions imposed on nations including Russia. According to her, there’s a chance that the dollar’s hegemony will be weakened over time if financial sanctions are tied to it. She did, however, …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the most prominent developments in the financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about the US stock market, which …

The dollar fell on Monday as investors bet again that the Federal Reserve (US central bank) will cut interest rates soon, and the yuan fell to its lowest level in a month after China’s central bank surprised markets by stabilizing interest rates in the medium term. The People’s Bank of …