Trump says the Fed should cut rates so the US can pay down its $23 trillion debt
President Donald Trump made another pitch to the Federal Reserve to lower interest rates, this time saying that doing so could help the U.S. pay down its burgeoning national debt. In a tweet Tuesday morning, the president said again that...
Home price gains continued to heat up in November, with Phoenix, Charlotte and Tampa leading the way, S&P Case-Shiller index says
Prospective buyers look at a home for sale in Denver, Colorado. Matthew Staver | Bloomberg | Getty Images After cooling for much of last year, home price gains are accelerating again. Nationally, prices increased 3.5% annually in November, up from...
Aussie Tumbles ahead of CPI Figures
Early on Wednesday at 0030 GMT, Australia will publish its inflation numbers for the fourth quarter of 2019. Forecasters expect inflation to remain steady at 1.7% as before on a yearly basis. On a quarterly basis, the pace of consumer price increases is predicted to tick higher...
Consumer confidence jumps as job-market outlook improves
Consumer confidence in the U.S. grew more than expected in January as the outlook around the labor market improved, data released Tuesday by The Conference Board showed. The Board’s consumer confidence index rose to 131.6 this month from 126.5 in...
Sterling Under Pressure While Market Sentiments Stabilized for Now
Risk sentiments stabilize some what today as markets are digesting the impact of China’s coronavirus outbreak. But there is no clear sign of a turn around in the markets yet. Commodity currencies are just consolidating at low levels. Yen is...
Reality bites for China’s rickety local banks
Is this the start, the moment where reality bites, and fear replaces ambivalence? No, this is not about another made-in-China pandemic – though at the time of writing, a rather nasty pathogen, brewed in Wuhan, was threatening to go global....
US core capital goods orders post biggest drop in 8 months
Household appliances are offered for sale at Home Depot in Chicago. Getty Images New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the...
Goldman’s revived Ecuadorian coverage sure sign of new deal
Goldman Sachs published an economics report on January 10 informing the markets that it was “re-initiating coverage of the Ecuadorian” economy. Then, less than two weeks later, the investment bank repackaged a $400 million social housing bond for the country...
USD/CHF 4H Chart: Breakout Could Occur
The US Dollar has surged by 95 pips or 0.99% in value against the Swiss Franc since January 15. The currency pair tested the upper boundary of a descending channel pattern at 0.9712 on January 27. Given that the USD/CHF...
EURUSD 1.0980 Key Support
The euro remains under downside pressure against the US dollar, with the pair so far finding technical support from just above the 1.1000 level. A sustained breach of the 1.1000 support level should see the EURUSD pair sold towards the...