USD/CNH Could Hit 7.00 with Chinese GDP in Focus
Sentiment towards China continues to deteriorate. The number one worry for investors is the slowing down of Chinese economic growth owing to the ongoing trade dispute between China and the US. These concerns are reflected in Chinese stock markets, with...
US economy showing momentum as leading indicators rise for 12th straight month in September
An index made up of leading economic indicators rose for the 12th straight time September, according to data released Thursday. The Conference Board’s Leading Economic Index for the U.S. increased by 0.5 percent last month, in line with what economists...
Dollar Struggles to Find Momentum Despite Solid Job Data
Dollar is struggling to find more upside momentum in early US session except versus Swiss Franc. Solid job data is not giving the greenback the needed fuel for rally. Nonetheless, Dollar is still firm as supported by the hawkish FOMC...
The Fed will ultimately push the US into recession, strategist says
The Federal Reserve will push the United States economy into recession if it follows on its current interest rate path, according to Rabobank. A summary of the Sept. 25-26 Federal Open Market Committee (FOMC) session was released Wednesday which pointed...
US weekly jobless claims fall, while continuing claims drop to the lowest level since 1973
New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. A strong labor market and robust economy...
Greenspan to the Fed: ‘Put earmuffs on,’ Trump’s criticism is nothing new for US presidents
President Donald Trump’s emphatic criticism of the Federal Reserve’s interest rate actions really aren’t so different from what his other recent predecessors have done, former central bank Chairman Alan Greenspan told CNBC on Thursday. Asked if he ever received input...
Ex-Fed chief Greenspan: This is the tightest labor market I’ve ever seen
Former Federal Reserve Chairman Alan Greenspan told CNBC on Thursday the United States currently has the tightest labor market he’s ever seen. Greenspan, 92, suggested the nearly 50-year low unemployment rate coupled with American corporations clamoring for workers will force...
CRUDE OIL Faces Further Bear Pressure, Eyes 68.27 Area
CRUDE OIL faces bear pressure following its Wednesday price sell off. On the downside, support resides at the 68.50 level where a break will expose the 68.00 level. A cut through here will set the stage for a run at...
AUD/USD Boosted By Full Time Jobs Increase
The AUD/USD has responded positively to the latest Australian employment report, released overnight. Although the headline employment change at +5,600 missed expectations of +15,200, this was only because of a sizeable drop in part-time jobs as full-time employment actually increased...
USD Better Bid Amid FOMC Minutes, Will It Last?
FOMC minutes trigger USD rally As broadly expected the minutes of September’s FOMC minutes were extremely boring and didn’t add much information. However, looking at the market’s reaction, and especially at the USD rally that followed the publication of the...
Signal2forex.com - Best Forex robots and signals




