What is Forex? Forex Trading Explained
What is Forex? The market for foreign exchange, or forex (FX) for short, is the largest financial market in the world and involves the buying and selling of currency. Without knowing it, you have probably already participated in the foreign...
Dollar Under Pressure But Loss Limited, BoE Dovish Shift Ignored
Dollar remains in the spotlight today as it suffers renewed selling in European session. It could be part of delayed reaction to the dovish FOMC rate hike yesterday. But then, while the greenback is the worst performing one today, loss...
BOE Turns Dovish as Brexit Deadline Nears, Yet No Deal is Secured
BOE voted 9-0 to leave the Bank rate unchanged at 0.75% in December. The committee also voted unanimously to leave the asset purchase program at 435B pound .It has turned more cautious than November, warning that Brexit uncertainty has “intensified...
Two more rate hikes could spark a recession, market researcher warns
He’s been worried the Federal Reserve would go too far. And now, market researcher James Bianco thinks his fear may be a reality. His updated outlook follows the Fed’s decision to plan for additional interest rate hikes next year. Bianco...
US weekly jobless claims rise less than expected
The number of Americans filing applications for jobless benefits rose marginally from near a 49-year low last week, suggesting underlying strength in the labor market and broader economy. Initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted...
Canadian Dollar Higher, Investors Eye US Jobless Claims
USD/CAD is down slightly in the Thursday session. Currently, the pair is trading at 1.3470, down 0.07% on the day. On the release front, Canadian Wholesale Sales are expected to post a gain of 0.4% after two straight declines. Canada...
EURGBP Moves Slightly Higher, Remaining above SMAs
EURGBP has been edging higher since Wednesday’s session, remaining above the strong support level of 0.8940. The technical structure endorses the short-term bullish sentiment as the RSI is heading towards the overbought level and the MACD oscillator created a positive...
David Tepper: Fed is done supporting stock prices, so cash is ‘not so bad’ as an investment now
Hedge fund titan David Tepper said Thursday the Federal Reserve is sending the market a message, and it’s not a good one. A day after the Fed raised interest rates for the fourth time this year, the influential investor made...
GBP/USD: Brexit Uncertainty Means BoE Hike Highly Unlikely
Since last night’s FOMC meeting, we have had two other major central bank rate decisions and some key data as well. But there is one last major central bank policy decision still to come in less than an hour’s time:...
Here’s what research shows about immigration’s impact on an economy
Controlling immigration was one of U.S. President Donald Trump’s primary arguments during the 2016 election, with him campaigning to limit entries into the U.S. and proposing building a wall along the U.S.-Mexico border. The political debate continues to rage today:...
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