Dollar Back Around Lows as Eurozone PMIs Eyed
The forex markets still generally range bound for the moment. Dollar weakened mildly overnight, but stays above near term lows against other major currencies. Similarly, Yen is also bounded in very tight range. US stocks’ rebound overnight was as positive...
Biden calls for crackdown on wealthy who hide bulk of income from tax
President Joe Biden delivers remarks at the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden is calling for a crackdown on rich taxpayers who avoid tax...
The Fed this summer will take another step in developing a digital currency
The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday it will release a research paper this summer that explores the move further. Though the central bank did not set any specific plans...
Central Banks Monetary Policy
Central Banks look at a variety of economic data and projections before setting policy. These datapoints are then applied to the central bank’s operating framework in order to determine if a policy change is needed. To actually set policy, central...
The Nucleus of the Forex Market: Trade and Capital Flows
Talking Points: The Nucleus of the Forex Market are Trade and Capital Flows This article shows why trade and capital flows, driven by currency spot prices, can be so impactful to an economy and a company operating inside of that...
Employment: The Key Driver of Economic Growth and Prosperity
What is Employment? Employment is considered to be a key economic driver and is an important measure of economic growth. According to the International Labor Organization, unemployment is defined as ‘’people of working age who are without work, available for...
Forex Trading for beginners: What is Forex trading?
What is Forex trading? Forex trading is a term used to describe individuals that are engaged in the active exchange of foreign currencies, often for the purpose of financial benefit or gain. That can take on the form of speculators,...
Canadian Dollar Rebounds, Retail Sales Next
The Canadian dollar has reversed directions on Thursday and posted gains. In the North American session, USD/CAD is trading at 1.2076, down 0.46% on the day. On the fundamental front, the Canada ADP employment report for April posted a sharp...
GBPUSD Rebounds off 1.4100; Positive Profile in Medium Term
GBPUSD has found strong support at the 1.4100 psychological level, holding near the 40-period simple moving average (SMA). The RSI is ticking slightly up in the negative territory, however the MACD is holding below its trigger line. In case the...
Jobless claims drop more than expected for a new pandemic low
The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low of 444,000, the Labor Department reported Thursday. Economist surveyed by Dow Jones had been expecting 452,000 new claims as the...
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