Economic Report

Saudi Arabia’s abrupt pivot from propping up oil prices to embracing lower prices hints at a bold strategy to reclaim market share, even at the cost of fiscal strain. With Brent crude plunging below $65 per barrel, the kingdom’s signals of tolerating prolonged low prices suggest a potential price war …

Gold prices extended their decline on Wednesday as improved sentiment around U.S. trade policy and tariff relief reduced demand for safe-haven assets. Still, the precious metal remains on track for a nearly 6% monthly gain in April, marking its fourth consecutive monthly rise. Spot Gold: ↓ 0.4% to $3,305.10/oz Gold …

European equity markets opened modestly higher on Wednesday, extending a cautious rally as investors juggled a wave of corporate earnings results and awaited critical economic data from the eurozone. DAX (Germany): +0.3% CAC 40 (France): +0.2% FTSE 100 (U.K.): +0.2%(as of 07:02 GMT) The Stoxx 600 index posted its sixth …

Bitcoin rose modestly on Wednesday, holding just below its recent peak as investors braced for a barrage of U.S. economic data that could shape broader risk sentiment and influence crypto markets in the coming days. Bitcoin was up 0.8% at $95,041.2 (as of 01:36 ET), marking a nearly 15% gain …

Oil prices continued their sharp decline on Wednesday, deepening a rout that has pushed both Brent and WTI crude toward their worst monthly performance in over three years. Brent crude fell 72 cents (-1.12%) to $63.53 per barrel (as of 04:04 GMT). WTI crude dropped 70 cents (-1.16%) to $59.71 …

On Tuesday, April 30, 2025, Bitcoin experienced a slight downturn, closing at $94,217 per unit after reaching a daily high of $95,479 and a low of $94,084. This decline followed a technical correction triggered by profit-taking after the cryptocurrency surpassed the $95,000 mark, a level that has recently prompted intense …

On Tuesday, April 30, 2025, the U.S. dollar gained further ground, buoyed by positive developments in U.S. trade policy. A report from The Wall Street Journal revealed that President Donald Trump is contemplating a reduction in tariffs on imported automobiles, alongside a potential elimination of duties on U.S.-manufactured auto parts. …

Gold prices took a step back on April 29, 2025, as the US dollar regained ground and investor confidence in riskier assets surged. Trading at $3,323, XAU/USD fell 0.60% during the North American session, weighed down by a 0.27% rise in the US Dollar Index (DXY) and fading safe-haven demand. …

On April 29, 2025, U.S. Treasury yields fell in response to a wave of disappointing economic data, fueling expectations that the Federal Reserve may soon cut interest rates. The decline in yields, particularly on the benchmark 10-year Treasury note, reflects growing concerns about the health of the U.S. economy as …

The USD/CHF pair is holding steady near the 0.8900 mark, buoyed by a cautiously optimistic market mood and a strengthening US Dollar. A combination of trade policy developments, mixed US economic indicators, and ongoing geopolitical tensions is shaping the pair’s trajectory. As investors digest the White House’s plans to ease …