Fed’s Kaplan: We’ll continue to do our job ‘without regard to political considerations’
Dallas Federal Reserve President Robert Kaplan became the second central bank figure Thursday to state the central bank’s independence. Kaplan said the Fed would make its decisions on interest rates regardless of pressure from the political end, in response to...
Japanese Yen Dips, Inflation Reports Next
The U.S dollar has posted broad gains in Thursday trade, and USD/JPY has also moved higher. In the North American session, the pair is trading at 111.14, up 0.53% on the day. In the U.S, employment claims edged lower to...
Japanese Inflation to Tick Up in July But Still Has Long Road to the Target
Japan’s Statistics Bureau will be releasing inflation readings for the month of July at 2330 GMT and while the Bank of Japan’s monetary policy remains super accommodative, inflation has been stubbornly refusing to pick up steam towards the central bank’s...
New home sales fall to 9-month low
Sales of new U.S. single-family homes unexpectedly fell in July to a nine-month low in a sign the housing market was cooling and could give less support to the overall economy. The Commerce Department said on Thursday new home sales...
Analyst says market’s top performer AMD to keep soaring, raises price target to highest on Street
Rosenblatt Securities is more optimistic about AMD’s future market share gains after meetings with the company’s executives. The firm raised its price target for AMD shares to $30 from $27, citing the chipmaker’s process manufacturing advantage versus Intel and Nvidia....
Dollar Rebound in Progress But Momentum Weak, Aussie Selloff Extends
Dollar is still trading as the strongest for today even though the rebound looks a bit unconvincing. In particular, the greenback is effectively just range bound against against European majors. And in fact, it’s taking turn to be the strongest...
US jobless claims fall as labor market holds firm despite trade tensions
The number of Americans filing for unemployment benefits fell last week, a sign the labor market was holding firm despite tensions between the United States and its trading partners that have spawned restrictions on global commerce. Initial claims for state...
Fed’s George says Trump isn’t influencing her votes on rate hikes
President Donald Trump’s criticism isn’t influencing the way Kansas City Fed President Esther George, long one of the central bank’s most hawkish members, conducts policy. George offered the most candid view yet of the president’s repeated comments that he’s not...
Dollar Broadly Higher As Aussie Remains Under Pressure, ECB Minutes Due
Here are the latest developments in global markets: FOREX: The dollar’s index versus a basket of currencies continued to trade higher on Thursday and is looking set to put an end to the six-day streak of declines, its longest since...
ETFs are ‘overinflated’ and could spark the next market crash, trader says
Passive investments such as exchange-traded funds are overbought and could spark the next market crash, one expert warned Thursday. ETFs are a collection of stocks that track a specific index, a commodity, or bonds. This means that if the index...
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