Economic Report

Although oil prices have declined then afterwards managed to recover on Monday, geopolitical tensions might cause them to surge again, which would have repercussions in this year of significant elections. Traders are waiting for Israel to react to Iran’s recent direct attack, therefore they are on high alert. After falling …

Bitcoin, the most famous cryptocurrency with over $1.4 trillion in value, is to undergo a major upgrade known as the halving event. This is planned to take place within less than one week. This halving, which has historically triggered a massive surge in Bitcoin’s price, this is mainly because of …

US Inflation Surges: CPI Hits 3.5% in March In the latest update from the US Bureau of Labor Statistics (BLS), inflation in the US, as gauged by the Consumer Price Index (CPI), demonstrated a notable uptick. March saw a year-on-year increase to 3.5%, up from February’s 3.2%, surpassing market forecasts …

WTI crude recovered above $86 earlier on Friday after fluctuating around that mark all week. Even though the EIA predicts a poor forecast for oil demand, oil prices have increased by almost 1%. The US Dollar Index rose 0.72% to 106.015, marking a new five-month high. WTI finished at $94.975 …

Gold price continues to scale new record highs amid persistent geopolitical tensions. The strong move up seems unaffected by reduced Fed rate cut bets and bullish US dollar. Extremely overbought conditions might prompt some profit-taking around the precious metal. At the time of writing, gold is trading at $2093.70 per …

Oil prices rebounded on Friday, buoyed by escalating tensions in the Middle East, which raised concerns about potential supply disruptions from the oil-producing region. However, despite the uptick, prices are on track for a weekly loss amid expectations of fewer interest rate cuts in the United States this year. As …

Falling US Treasury yields and a declining US dollar have helped to dramatically boost gold prices. In an uncertain environment, mixed signals from labour data and producer inflation support gold. Fed officials’ concerns about inflation strengthen Gold’s appeal as a safe haven, influencing sentiment. The price of gold recovered its …

The dollar gained ground on Thursday following the release of higher-than-expected US inflation data, which tempered remaining expectations for the Federal Reserve to initiate a cycle of interest rate cuts in June. Meanwhile, the yen depreciated to mid-1990s levels. Investor attention has now shifted towards US producer price data and …

During Thursday’s trading session, oil prices edged up following a notable increase in the previous session, with investors bracing for potential escalation in the Middle East crisis, particularly involving Iran, OPEC’s third-largest oil producer. Brent crude futures rose by 5 cents to reach $90.53 a barrel at 0632 GMT, while …

Following two strong reports in January and February, it is expected that the consumer price index report for March will demonstrate a sustained slowdown in inflation. The core CPI is expected to increase by 3.4% year over year, according to consensus estimates. This would be somewhat less than the 3.8% …