US import prices increase more than expected in October
U.S. import prices increased more than expected in October, boosted by a surge in petroleum and food prices, but underlying imported inflation pressures remained tame amid a strong dollar. The Labor Department said on Thursday import prices rose 0.5 percent...
US retail sales rebound sharply in October
U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence. The Commerce Department said on Thursday retail sales increased 0.8 percent last month...
US weekly jobless claims unexpectedly rise; several states estimated
The number of Americans filing applications for jobless aid unexpectedly rose last week, but claims for three big states were estimated because of Monday’s Veterans Day holiday, which could have influenced the data. Initial claims for state unemployment benefits increased...
Billionaire investor Ray Dalio: Fed raised rates to a point where it’s hurting asset prices
Hedge fund billionaire Ray Dalio argued Thursday that the Federal Reserve has raised rates to a point where they’re hurting asset prices. The central bank needs to start looking at monetary policy’s impact on asset prices before economic conditions, Dalio...
GBP/USD Behaves Erratic Thanks To The Brexit Process
The GBP/USD breakout is not likely to succeed as larger support and resistance levels are nearby. A bearish break will face Fibonacci retracement levels, whereas a bullish break will run into resistance. The GBP/USD seems to be building multiple ABC...
Sterling Shows Signs Of Life, Bitcoin Crashes!
Sterling cameback to life on Wednesday after Theresa May won cabinet support for her Brexit deal. GBPUSD rallied more 170 pips on the news, but gave up some of the initial gains to settle around 1.30 towards the end of...
China Said To Send Letter To US Outlining Trade Concessions Ahead Of Talks At G20
All information provided by Trade The News (a product of Trade The News, Inc. “referred to as TTN hereafter”) is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or...
GBPUSD Awaiting Key UK Retail Sales Data
The British pound is trading around the psychological 1.3000 level against the US dollar, ahead of the release of key Retail Sales data from the United Kingdom economy this morning. The GBPUSD pair remains volatile amidst ongoing Brexit news, with...
Sterling & Euro Firm on Brexit Progress, But Australian Dollar Steals the Show with Job Data
Both Sterling and Euro trade firmer after UK Prime Minister Theresa May got Cabinet support for her Brexit deal. But no significant technical development is seen with these two currencies yet. Instead, Australian Dollar steals the show with strong employment...
Powell credits Fed policy for the US economy being ‘in a good place’
Federal Reserve Chairman Jerome Powell expressed confidence in U.S. economic strength Wednesday and said markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019. During a question-and-answer session...
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