MARKET WRAP: Earnings Pushed Stocks Higher; Sterling Had A Volatile Session
*Brexit could be back to square one, Parliament to Vote on Deal *Q3 earning season paints a positive picture Stocks The S&P 500 jumped 0.42% as of 15:37 London Time. S&P500 index was the leading the gains today among NASDAQ and...
EUR/USD Outlook: Euro Maintains Bullish Bias and Likely to Benefit on any Brexit Outcome
The Euro puled back after probing above daily cloud top (1.1123) in strong advance that was driven by Brexit deal announcement and pound’s reaction on news. Near-term action is holding in consolidation range, after bulls were capped by 100DMA (1.1137),...
Sterling’s Brexit Optimism Knocked Down by DUP Rejection, Dollar Drops on More Data Misses
Sterling is having a roller-coaster ride today. It’s firstly boosted by news that EU and UK has finally agreed to a new Brexit deal. However, the Pound was then quickly knocked down as Northern Ireland’s DUP expressed rejection to it....
GM strike pushed US factory output down 0.5% in September
A worker assembles components on a diesel engine at the Cummins Seymour Engine Plant in Seymour, Indiana, Jan. 29, 2019. Luke Sharrett | Bloomberg | Getty Images U.S. factory output slumped 0.5% in September, as a strike at General Motors...
US weekly jobless claims rise modestly
The number of Americans filing applications for unemployment benefits rose marginally last week, suggesting the labor market continues to tighten despite slowing hiring and economic growth. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 214,000 for...
US housing starts fall from a 12-year high
Sam Hodgson | Bloomberg | Getty Images U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even...
Australian Dollar Lifted by Fall in Unemployment Rate, Sterling Still Waiting for Brexit Deal
Australian Dollar rises broadly today as dip in unemployment rate should significantly lower the chance of another imminent RBA rate cut next month. Though, upside is so far limited as the central bank is still on easing course. Sterling is...