Economic Report

Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, the losses were limited by the gains from the previous week and expectations of a potential U.S.-China trade deal that could support global economic growth and drive fuel demand higher. As of 0644 GMT, …

Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, underscores economic strength despite tariff headwinds. Healthcare and leisure sectors drove gains, adding 62,000 and 48,000 jobs, respectively, while manufacturing shed 8,000, hinting at trade pressures. The unemployment rate held at 4.2%, among the …

The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payrolls (NFP) report on June 6, 2025. Weak economic signals, escalating trade tensions, and federal job cuts paint a bearish picture for the USD. A disappointing NFP could lock in expectations of a Federal Reserve …

The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a modest 0.13% gain. This correction follows remarks from European Central Bank (ECB) President Christine Lagarde, signaling the ECB may pause its year-long rate-cutting cycle. Meanwhile, optimism about improving US-China relations has bolstered the …

Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S. gasoline and distillate inventories raised fresh concerns about fuel demand, while a price cut from top exporter Saudi Arabia signaled potential softness in global consumption. At 23:14 ET (03:14 GMT), Brent crude futures …

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift came amidst a backdrop of softening economic data from the United States and escalating trade tensions. The confluence of these factors has prompted a reassessment of monetary policy expectations on both sides of the …

Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-haven asset. Recent economic indicators from the United States, alongside escalating trade tensions, have fueled a notable rally in bullion prices, pushing gold to 3,382 after touching a daily low of 3,343. This upward movement comes …

The European Central Bank (ECB) is poised to reduce its deposit rate by 0.25 percentage points to 2% on June 5, 2025, marking its eighth cut in the current easing cycle. Eurozone inflation, at 1.9% in May, has dipped below the ECB’s 2% target, driven by falling energy prices and …

China and the European Union have scheduled urgent trade negotiations to address escalating economic disputes, with a high-level summit planned for late July 2025 in Beijing. The talks aim to resolve critical issues surrounding market access, rare earth exports, and electric vehicle tariffs, as both sides navigate the fallout from …

On June 4, 2025, the Bank of Canada, led by Governor Tiff Macklem, opted to maintain its benchmark interest rate at 2.75%, marking the second consecutive hold. This decision reflects a cautious approach as the economy grapples with heightened uncertainty, particularly from escalating U.S. tariffs. The central bank is balancing …