October 21, 2024
Brief Overview of Key Economic Events from the Past Week
Last week saw several key economic indicators across major economies. In the U.S., crude oil inventories dropped by 2.191 million barrels, retail sales grew by...
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November 15, 2024
The US dollar continues its upward trend against the Norwegian krone, reaching 11.1946 yesterday, the highest level since November 10, 2023. The USD/NOK pair has...
Read MoreOctober 21, 2024
Last week saw several key economic indicators across major economies. In the U.S., crude oil inventories dropped by 2.191 million barrels, retail sales grew by...
October 17, 2024
USD Crosses U.S. presidential elections are pivotal events for financial markets. Political uncertainty and expectations of shifts in fiscal and monetary policy can cause significant...
October 17, 2024
The UK’s headline Consumer Price Index (CPI) fell to 1.7% year-on-year as of yesterday, which is lower than the forecasted 1.9% and the previous reading...
October 16, 2024
The price of gold reached $2,685 on September 26 this year, which is its all-time high. It then dropped to $2,603 on October 10, 2024....
October 15, 2024
Despite all the new government stimulus recently announced to support the Chinese economy, where the government pledged a significant increase in debt on Saturday, it...
October 14, 2024
Last week saw significant economic developments across major regions. In the U.S., some Fed officials favored a smaller rate cut, with inflation metrics like CPI...
October 10, 2024
The Reserve Bank of New Zealand lowered interest rates yesterday by 50 basis points, from 5.25% to 4.75%, aligning with market expectations. This reduction marks...
October 9, 2024
Recent Turkish economic data shows that the Turkish economy is weakening, as: The manufacturing Purchasing Managers’ Index (PMI) for September fell to 44.30, indicating contraction,...
October 8, 2024
The Swiss National Bank cut interest rates by 25 basis points in its meeting held on Thursday, September 26, 2024, from 1.25% to 1.00%, marking...
October 7, 2024
In the United States, the Purchasing Managers' Index (PMI) for manufacturing fell to 47.3 points, while the Non-Farm Payroll report added 254,000 jobs and the...
October 4, 2024
Crude oil prices continue to rise, reaching $77.95 yesterday, the highest level since August 30, 2024. Currently, oil prices hover around $77.50, but they remain...
October 3, 2024
The S&P 500 index closed at 5,709 points yesterday, remaining up about 20% since the beginning of the year through yesterday's close. This index is...
October 2, 2024
The USD/CNY exchange rate recorded 6.9700 last week, its lowest level since May 16, 2023, and is currently trading near the 7.0000 levels. As for...
October 1, 2024
The USD/JPY exchange rate recorded 139.57 on September 16, 2024, its lowest level since July 28, 2023, and is currently trading near the 144.00 levels....
September 30, 2024
In the United States, the Manufacturing PMI fell to 47.0 while the Services PMI rose to 55.4, indicating a divergence in sector performance. Consumer Confidence...
September 27, 2024
The Reserve Bank of Australia (RBA) held interest rates steady at 4.35% during its meeting on Wednesday, September 24, 2024, marking the seventh consecutive month...
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