AUDUSD is Holding on the Lower Trendline of an Ascending Wedge Pattern
The US Dollar was bullish against most of its major pairs on Friday with the exception of the NZD and CAD. On the U.S. economic data front, Markit’s U.S. Manufacturing Purchasing Mangers’ Index spiked to 53.6 on month in the...
Venio has big ambitions for nano-credits to the unbanked
The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School, together with the World Bank Group and the World Economic Forum, launched a survey during the second half of July into the impact of Covid-19...
As blazes spread, Covid-19 in California prisons hits crucial inmate firefighting force
Inmate firefighters prepare to put out flame on the road leading to the Reagan Presidential Library during the Easy Fire in Simi Valley, California on October 30, 2019. Mark Ralston | AFP | Getty Images Deadly wildfires are still ripping...
This map shows where states stand on the extra $300 weekly unemployment benefits
The Federal Emergency Management Agency, which is overseeing program funding, had approved 13 states to offer the extra unemployment benefits as of around noon ET on Friday. Those states are: Arizona, Colorado, Idaho, Iowa, Kentucky, Louisiana, Maryland, Michigan, Missouri, Montana,...
Week Ahead – Jackson Hole Goes Virtual
Central Bankers Take to the Virtual Red Carpet It’s been a relatively slow summer so far as we prepare for a huge run in to the end of the year. A potential multi-trillion dollar stimulus plan, Covid vaccine and fierce...
Sterling is no safe haven, shows Bank of England FX survey
The latest survey carried out by the Bank of England’s (BoE) foreign exchange joint standing committee appears to confirm the view that trading in sterling does badly in conditions of widespread stress. Data gathered from 27 financial institutions in the...
July home sales spike a record 24.7% as prices set a new high
Sales of existing homes soared 24.7% in July from June, according to the National Association of Realtors. That’s the strongest monthly gain in the history of the survey, going back to 1968, and the highest sales pace since December 2006....
EUR/USD Outlook: Fresh Bearish Extension Increases Downside Risk
Strong bearish acceleration in European session on Friday was sparked by downbeat PMI data of the eurozone the biggest bloc’s economies that pointed to the slowdown of recovery in August. The data soured risk sentiment, sending the single currency lower,...
Euro and Sterling Plummets on Brexit Deadlock, Yen Surges
European majors tumble broadly today as UK and EU reminded us that Brexit negotiation remained in deadlock. Additionally, some PMI data from Eurozone suggested that momentum of recovery was quickly fading, in particular in the services sector. Yen is rising...
Why the homeownership gap between White and Black Americans is larger today than it was over 50 years ago
For more than 30 years, Parker McAllister’s parents have held onto the Brooklyn, New York, brownstone they purchased in 1985 for about $91,000. After raising two kids in the home, McAllister’s parents now have three tenants living in their Bedford-Stuyvesant...
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