Jobless claims hold above 400,000 for the second week in a row
Initial claims for unemployment insurance remained elevated last week as employers struggled to fill a record number of job openings. First-time filings totaled 411,000 for the week ended June 19, a slight decrease from the previous total of 418,000 but...
Japanese Yen Touches 3-Month Low
USD/JPY has posted slights gains on Thursday. In the North American session, USD/JPY is trading at 110.73, down 0.20% on the day. Despite today’s improvement, the yen remains under pressure. Earlier in the day, USD/JPY touched a high of 111.11,...
Rivals see ‘fierce’ competition as UAE digital bank Zand prepares for launch
Buena Vista Images | Stone | Getty Images Dubai, United Arab Emirates – Dubai-based digital bank Zand will attempt to attract customers with competitive deposit rates and a digital-first product lineup when it launches later this year, challenging traditional bank rivals as...
USDCHF is Back in Red after Surpassing 20-SMA
USDCHF has reversed back up again after finding support at the 0.9153 barrier, surpassing the 20-period simple moving average (SMA) in the 4-hour chart. However, the price is currently posting a red session. Momentum indicators are pointing to a neutral...
Sterling Weakens as BoE Gives No Hawkish Surprise, Dollar Softer on Job and Durables
Sterling drops notably today after BoE delivered no hawkish surprise. While it sounded upbeat on the outlook, the MPC, except chief economist Andy Haldane, would prefer to wait until August to take any policy actions. Dollar is also soft after...
Delaware is expected to move to a $15 per hour minimum wage. What that could mean for the push to increase the national pay rate
Kristen Deptula, center, with her husband and two children, says that paying a $15 per hour wage has helped them grow their Rehoboth Beach, Delaware, business. Kristina Gwynn When Kristen Deptula and her husband bought the Canalside Inn in Rehoboth...
Gold Remains Rather Steady
The USD seemed to steady yesterday against a number of its counterparts, while US stockmarkets even retreated a bit and gold remained relatively stable after the wide drop of its price, experienced in the past week. Comments by Fed officials,...
Gold Is Trying To Make A Long Breakout
Gold is preparing for a long breakout if momentum persists. Gold is at the critical support 1765-75 is the zone which bulls need to hold if they want to push the price higher. Ideally it should stay above the interim...
XAUUSD Is Possibly Bearish
Technical analysis At the moment, the price trades at 1,776.72 It lies in between the EMA(50) and EMA(100) The EMA(100) lies higher than the EMA (50), which is favorable for the bears The MACD indicator reads below 0, with the...
Fed Officials Shrugged by Markets, Focus Turns to BoE and US Data
The chorus of Fedspeaks overnight provided little inspirations to the markets. Some policy makers expected tapering in the coming months, followed by rate hike next year. Some remained more cautious on the outlook. That’s what we already know from the...