Escape Velocity
The US dollar re-emerges following an abruptly drop Tuesday as Treasury yields reversed. The quick loss of dollar altitude raises questions about the sustainability of any dollar bid. Fed talk continues to dominate the schedule. The 2-way EURUSD trade for...
He became one of India’s youngest self-made billionaires at 34. Here’s his advice for other entrepreneurs
At 34 years old, Nikhil Kamath is one of India’s youngest billionaires. The Bangalore-born entrepreneur snagged the title late last year after joining Forbes India Rich List with his brother and co-founder, Nithin. It followed the runaway success of their...
The unemployment rate is above 20% for the lowest-paid workers, Fed’s Brainard says
Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. Brian Snyder | Reuters Unemployment for the lowest-paid workers in the U.S. is above 20%,...
NZDUSD Maintains Positive Bearing Despite Pullback
NZDUSD appears to have found some footing on the mid-Bollinger band after receding from a recently reached 32½-month peak of 0.7314. The short-term technical indicators are revealing some weakness in positive momentum, while the soaring simple moving averages (SMAs) are...
US: Prices at the Pump Lifted Headline Inflation in December, While Core Inflation Remained Subdued
TD Bank Financial Grouphttp://www.td.com/economics/ The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness...
Sterling Strong in Mixed Markets, Dollar Stabilizes
Sterling strength continues today, in the otherwise mixed markets. UK Prime Minister Boris Johnson told the parliament that restrictions measures are already “starting to have an effect in many parts of the country”. Canadian Dollar is following as second strongest...
Many workers will get 4 extra weeks of unemployment benefits. Here’s how
A pedestrian passes a notice for the Revival International Center (Centro Internacional de Avivamiento) food pantry, in a city hard hit by the coronavirus disease (COVID-19) outbreak, in Chelsea, Massachusetts, U.S., July 9, 2020. Brian Snyder | Reuters The recent...
Mortgage refinance demand spikes 20% as borrowers fear missing out on record-low rates
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers,...
USD/CAD Breakout Could Occur
The US Dollar declined by 84 points or 0.66% against the Canadian Dollar on Tuesday. The currency pair tested the lower boundary of an ascending channel pattern at 1.2703 on Wednesday morning. Currently, the USD/CAD exchange rate is trading near...
Dollar Reversed as Fed Officials Talk Down Tapering, Sterling Strong
Dollar dropped notably overnight and stays weak in Asian session. Some Fed officials toned down the talk of tapering the asset purchase program, or any monetary stimulus removal. Sterling, on the other hand, is extending this week’s rally, after BoE...
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