Fed holds rates near zero, says economy has gotten better even with pandemic worries
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread. As expected, the Federal Open Market Committee concluded its two-day meeting by keeping interest rates...
FOMC Review: Economy Moving Toward Inflation and Employment Goals. FOMC Minutes and Jackson Holes in Focus
The Fed sounded cautiously optimistic at the July meeting. The members acknowledged continued improvements in economic activities and that “the economy has made progress toward” the “maximum employment and price stability goals”. While leaving all monetary policy measures unchanged, Chair...
Stocks making the biggest moves after hours: PayPal, Facebook, Ford and more
The PayPal app shown on an iPhone Katja Knupper | DeFodi Images | Getty Images Check out the companies making headlines in after the bell. Facebook — Shares of the social media giant fell more than 3% after warning of...
EURGBP tests 0.85 lower border of trading range
EURGBP is in the vicinity of the base of the 3½-month sideways market after having surrendered its recent gains up to 0.8670. The 100- and the 200-day simple moving averages (SMAs) are weighing on the pair, keeping downside pressures alive,...
Canadian Inflation Near Expectations; Focus on Central Bank Differences; USD/CAD
If the BOC continues its tapering journey and the FOMC continues to be dovish, CPI may continue to fall in Canada while it continues to increase in the US Canadian CPI for June was 3.1% YoY vs 3.2% expected and...
Dollar Trying to Recover ahead of FOMC, Market Sentiments Steady
Dollar is trying to recover in early US session but upside is limited so far. Overall market sentiments stabilized as US stocks might have regained footing for another take on new records. Also, traders are turning a little bit more...
USD/JPY Pair Is Now Correcting Higher From The 109.58 Low
The US Dollar started a decline from well above the 110.20 level against the Japanese Yen. The USD/JPY pair broke the key 110.00 support zone to move into a bearish zone. The pair even broke the 109.80 support and settled...
Mortgage rates just dropped to a six-month low, and refinances shoot higher
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images The popular 30-year fixed...
USD/CAD Bullish Sentiment
On Tuesday, the US Dollar surged by 61 pips or 0.49% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average at 1.2567 during Tuesday’s trading session. Buyers are likely to continue to drive the USD/CAD...
IMF warns that inflation could prove to be persistent and central banks may need to act
The International Monetary Fund warned Tuesday that there’s a risk inflation will prove to be more than just transitory, pushing central banks to take pre-emptive action. The issue is currently dividing the investment community, which has been busy contemplating whether...
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