Fed raises its economic outlook slightly, sees 4.2% growth next year and 5% unemployment rate
People ride scooters past the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images The Federal Reserve dialed up its economic expectations slightly for the end of...
NZ Dollar Drifting ahead of GDP
It has been an uneventful day for NZD/USD. Currently, the pair is trading at 0.7074, down 0.18% on the day. However, the calm could quickly change, as New Zealand releases GDP for Q3 (21:45 GMT). New Zealand GDP expected to...
Homebuilder confidence drops from record high as rising prices hit buyers
A house under construction is seen in Culver City, a neighborhood of Los Angeles on November 21, 2020. Chris Delmas | AFP | Getty Images After three straight months of record highs, homebuilder confidence in the single-family housing market pulled...
Dollar Index Registers its Worst Year Since 2017; Eyes on 90.00 Level
The US dollar index (futures) had one of its worst years since 2017 despite the impressive rally to a 3 ½-year high of 103.79 in March. The index is set to post a yearly loss of around 7.0% and unless...
Euro and Pound Surge on Brexit Progress and Outlook, Dollar Tumbles Broadly
Sterling and Euro rise broadly today and maintain gains in early US session. Progress in Brexit trade negotiations and stronger than expected PMIs lift both currencies as well as their respective stock markets. Canadian Dollar is currently the worst performing...
Refinance demand jumps 105% annually, as mortgage rates set 15th record low of 2020
In this Friday, Sept. 21, 2012, photo,a home is for sale in Oklahoma City. Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve’s stimulus efforts may be having an impact on...
XAU/USD Trades Above 1,850.00
During today’s morning, the XAU/USD exchange rate raised to the 1,865.00 level. It is likely that yellow metal could gain support from the Fibo 23.60% at 1,860.59 and trade upwards against the US Dollar in the nearest future. The rate...
US Dollar Losses Continue
US dollar sell-off resumes overnight The US dollar extended its losses for the week, the dollar index falling by 0.26% through support at 90.50. Assuming it navigates the FOMC without incident, the dollar index remains poised for further losses, with...
WTI Crude Oil Advances To A Nine-Month High
Oil prices are trading bullish once again following the previous few sessions where price action was rather subdued. As the bullish momentum slowly grips, oil prices are seen advancing to the previously formed nine-month high. A continuation to the upside...
Dollar Selloff Returning ahead of FOMC, No Clear Direction Elsewhere
Dollar trade with a generally soft tone today, with strong risk-on markets in the background. But overall, most major pairs and crosses are bounded inside last week’s range. The economic calendar is extremely busy for the rest for the week....
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