Market Update

The US Dollar (USD) gained momentum on Thursday, buoyed by stronger-than-anticipated US producer price data and a solid weekly labor market report. While trade tensions have eased slightly, investors remain cautious ahead of a high-profile US-Russia summit scheduled for Friday.Key Events to Watch on Friday, August 15The US Dollar Index …

The USD/JPY currency pair rebounded sharply from a three-week low on Thursday, gaining over 150 pips after strong US economic data bolstered the US Dollar. The pair, which earlier dipped to around 146.22, surged to approximately 147.90 by the close of the American session, marking a 0.35% increase. This rally …

President Donald Trump’s repeated demands for a September interest rate cut have hit a significant roadblock following the release of new data showing a sharp rise in July’s producer prices. The latest Producer Price Index (PPI) report, which measures the average change over time in the selling prices received by …

Silver (XAG/USD) saw its recent rebound stall, slipping to the $38.00 mark on Thursday as a resurgent US Dollar weighed on the precious metal. The decline follows the release of unexpectedly strong US economic data, which has led traders to reassess the likelihood of near-term interest rate cuts by the …

In July, US wholesale prices soared by 3.3% compared to the previous year, marking the largest increase since February and signaling that tariffs are increasingly impacting the American economy. The Producer Price Index (PPI), which tracks the prices domestic producers charge for goods and services, surged past June’s 2.4% annual …

Last week, initial applications for U.S. state unemployment benefits fell slightly, reflecting low layoffs, but hiring remains cautious amid slowing domestic demand. Key Data: Initial claims: 224,000 (down 3,000 from previous week) Forecast: 228,000 claims Continuing claims: 1.953 million (down 15,000), reflecting people remaining on benefits after their first week …

The U.S. Producer Price Index (PPI) for final demand rose 0.9% in July, a sharp acceleration after no change in June, signaling potential inflationary pressure from tariffs. Year-on-Year: PPI increased 3.3%, up from 2.4% in the previous 12 months Economist Expectations: Forecasts had predicted 0.2% monthly and 2.5% yearly, meaning …

Britain’s economy grew 0.3% between April and June 2025, slower than the 0.7% expansion in Q1 but above the 0.1% forecast by the Bank of England and economists, despite the impact of U.S. trade tariffs and a weaker labor market. GDP Performance: April: -0.1% (smaller decline than initially reported) May: …

U.S. stock index futures traded near the flatline on Thursday as investors took a breather following recent record highs, awaiting new economic data to assess the health of the U.S. economy. Futures Movement (05:55 ET / 09:55 GMT): Dow Jones Futures: +29 points (+0.1%) S&P 500 Futures: -2 points (-0.1%) …

Bitcoin surged to a record on Thursday, fueled by growing expectations of a September Federal Reserve interest rate cut and increased corporate buying. The world’s largest cryptocurrency briefly touched $124,436.8 before easing slightly to $123,164.1, up 3.2% by 00:47 ET (04:47 GMT). Corporate Interest and Rate Cut Optimism Drive BitcoinBitcoin’s …