Economic News Daily

Trump’s Pause on US Reciprocal Tariffs Fails to Boost Bitcoin and Crypto Market Sentiment

Washington, D.C. – President Donald Trump has temporarily halted the implementation of his administration’s proposed...

U.S. Inflation Expected to Hold Steady in January, Core CPI Remains Elevated

The U.S. Bureau of Labor Statistics is set to release the January Consumer Price Index...

January Jobs Report Preview: Strong Indicators, But Revisions Loom

Consensus estimate +170K Estimate range +60K to +250K December was +256K Private consensus +141K versus...

Gold Prices Surge to Record High Amid US-China Trade Tensions and Fed Rate Cut Expectations

February 5, 2025 – Gold prices continue their upward momentum, reaching an all-time high of...

Federal Reserve Expected to Hold Rates Steady, Markets Await Policy Signals

Here’s your news-style rewrite with bold and italic formatting: Washington, D.C. – The U.S. Federal...

US Dollar Surges Amid Renewed Tariff Threats and Market Volatility

Washington, D.C. – The US Dollar made significant gains on Tuesday as renewed concerns over...

US Dollar on Track for Weekly Decline Amid Tariff Uncertainty and Global Market Shifts

Washington, D.C. – The US Dollar is set to close the week with a decline...

December CPI Report to Test Inflation Trends and Fed’s Rate Strategy

The December Consumer Price Index (CPI), scheduled for release Wednesday at 8:30 a.m. ET, will...

Bitcoin Price Drops Below $92,000 Amid Exchange Overheating and Macroeconomic Uncertainty

Bitcoin price today: $91,800 Bitcoin’s price dipped below the $92,000 mark on Monday, continuing its...

EUR/USD Nears 1.0400 as Markets Eye Eurozone Inflation Data and US Economic Indicators

The EUR/USD currency pair climbed close to the 1.0400 mark on Tuesday amid a weakening...

Australian Dollar Hits Five-Year Low Amid Dire Forecasts from Experts

The Australian dollar has plunged to its lowest level in nearly five years, sparking concerns...

Pound Sterling Struggles Near 1.2400 as Fed Signals Fewer Rate Cuts

The British Pound (GBP) continues to face pressure against the US Dollar (USD), trading near...

Gold Rebounds Above $2,600 After Recent Losses

Gold prices bounced back early Tuesday after finding support near the $2,600 mark, following two...

EUR/USD Stagnates Above 1.0400 as 2024 Draws to a Close Amid Low Market Liquidity

In a subdued trading session on Monday, EUR/USD remains range-bound above the 1.0400 mark, reflecting...

US Jobless Claims Decline, but Rising Insured Unemployment Signals Labor Market Challenges

Key Points: US jobless claims fall by 1,000 to 219K, signaling near-term labor market resilience....

Bitcoin Poised to Break $100,000: Analysts Predict Bullish Momentum

In the latest Bitcoin market forecast, experts anticipate the cryptocurrency to surpass the $100,000 milestone...

AUD/USD Hovers Near Multi-Year Lows Amid Dovish RBA Minutes and Broader Economic Concerns

The Australian dollar (AUD) struggled to recover early Tuesday, trading below 0.6250 against the US...

GBP/USD Stabilizes Near 1.2600 as Market Awaits BoE Rate Decision

The GBP/USD currency pair has stabilized near 1.2600, recovering some ground after a steep decline...

EUR/USD Holds Steady Near 1.0500 as Markets Await Fed Rate Decision

The EUR/USD currency pair maintained its position near the 1.0500 level during Wednesday’s European trading...

Bitcoin Hits Another All Time Records: Is Now the Right Time to Invest?

Bitcoin (BTC-USD) has achieved another historic milestone, continuing its extraordinary recovery after a prolonged crypto...

Gold Prices Edge Higher Amid Mixed Signals, Geopolitical Tensions

Gold prices (XAU/USD) showed modest gains on Monday, recovering from a one-week low to trade...

GBP/USD Falls Below 1.2650 Amid Weak UK Data; Focus Shifts to US Economic Reports

The GBP/USD pair experienced a slight decline on Wednesday, briefly falling below the 1.2650 level...

US Dollar begins the week on a weaker note as traders anticipate a significant Fed interest rate cut.

The US Dollar (USD) began the week trading significantly weaker ahead of Monday’s US market...

UK Unemployment Rate Eases to 4.1% in July, Surpassing Market Expectations

The United Kingdom’s ILO Unemployment Rate eased to 4.1% in the three months leading up...

Australian Dollar Recovers Some Losses Amid Mixed Economic Data

The Australian Dollar (AUD) trimmed its earlier losses against the US Dollar (USD) on Wednesday...

Australian CPI Surges in July, Fuelling Speculation of Further Rate Hikes

The Australian Bureau of Statistics (ABS) reported on Wednesday that Australia’s monthly Consumer Price Index...

Currency Markets Show Minimal Movement Following Fed Symposium

In the aftermath of the weekend and the Federal Reserve symposium in Jackson Hole, the...

Gold Prices Hold Steady Amid Global Market Optimism and Fed Speculation

Gold prices (XAU/USD) continued their sideways movement on Tuesday, maintaining a narrow range around the...

Bank of England’s Mann Warns of Potential Inflation Rise Amid Upcoming Economic Data Releases

Bank of England (BoE) Monetary Policy Committee member Catherine Mann, who was among the four...

U.S. Unemployment Claims Rise by 233K in First Week of August, Lower Than Expected

In the week ending August 3, the number of U.S. citizens applying for unemployment insurance...