Chaotic American Politics, ADP Impresses One Last Time
Chaotic American Politics, ADP impresses one last time, Oil higher on weaker dollar and surprise draw, Gold recaptures $1900 US stocks climbed higher following further progress with stimulus talks and after an impressive round of economic data showed the economic...
Companies added better than expected 749,000 jobs amid jump in construction, hospitality, ADP says
Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP. The firm’s monthly private-sector jobs count showed growth of 749,000, ahead of the 600,000...
Mortgage demand falls nearly 5%, even as interest rates set another record low
Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association. Record-low mortgage rates are apparently not as impressive as they...
USDTRY Holds Near Record High; Indicators are Overbought
USDTRY surged to a fresh record high on Monday once again, hitting the 7.8605 barrier. The price has been in an ascending movement since December 2018; however, the technical indicators are suggesting an overbought market. The RSI is touching the...
Markets in Range, Trapped by Low Month-End Volatility
The forex markets are generally staying in tight range today, without much reaction to better than expected job data from US and GDP from Canada. Nor was there much movements after comments from ECB President and BoE Chief Economist. Subdued...
America’s most vulnerable families could face financial crisis if government relief fades away, Fed says
A protester blocks the street leading to the Washington, D.C., home of U.S. Senate Majority Leader Mitch McConnell, R-Ky., demanding the extension of unemployment aid, on July 22, 2020. Jonathan Ernst | Reuters Stimulus checks and enhanced unemployment benefits that...
U.S Futures Sliding – Watch DIS, MU, GOOGL, REGN, SBUX
The S&P 500 Futures remain under pressure after a first acrimonious presidential debate between Donald Trump and Joe Biden. Later today, final readings of 2Q annualized GDP will be expected at -31.7% on quarter. The Automatic Data Processing (ADP) will...
USD Index Outlook: Dollar Rises On Fading Risk Sentiment After Presidential Debate
The dollar jumped after chaotic first US Presidential Debate which faded risk mode and deflated stocks and riskier currencies. Traders remain cautious as debate showed all but plans of presidential candidates, although polls suggest Biden has 57% chance of presidential...
ETHUSD Bullish Above $350.00
Ethereum appears increasingly bullish in the near-term, as traders continue to buy into any meaningful price dips in the cryptocurrency. The short-term analysis shows that the pair has staged a breakout from falling price channel and may rally towards the...
Sleepy Markets Yawn US Debate, Focus Back to Economic Data
Dollar and Yen recover some ground in Asian session but it’s unsure if this week’s pull back is completed yet. There were little reactions to the President debate of Donald Trump and Joe Biden. Asian markets are mixed despite some...
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