Wall Street Decline Continues As Traders Worry About Growth
The AUD/USD pair was unchanged today after the Reserve Bank of Australia (RBA) released the minutes for the monetary policy meeting held this month. The minutes showed that officials remained optimistic about the country’s economy. This was boosted by recent...
British Pound Edges Higher, Investors Eye Inflation Report Hearings
GBP/USD has edged lower in the Monday session. In North American trade, the pair is trading at 1.2844, up 0.11% on the day. On the release front, British Rightmove HPI posted a sharp decline of -1.7%. In the U.S., there...
US Home Builder Sentiment Plummets in November
The National Association of Home Builders (NAHB) housing market index had its largest decline in four years as housing affordability concerns rise. The November reading of builder confidence in the market of new single-family homes came in at 60, well...
Gold Advances As Risk Appetite Falls On Brexit Concerns
The Brexit uncertainty sparked a flight to safety on Friday. Safe haven currencies, the yen, and the Swiss franc were bid higher. Dovish comments from Fed officials, Clarida, and Harker who expressed some doubt about the December rate hike kept...
Crude Rises After Cia Concluded Saudi Crown Prince Ordered Khashoggi Killing
The price of crude oil jumped by more than 1% today as traders expected Saudi Arabia to continue with its campaign of supply reduction. Last week, Saudi’s oil minister said that his country will reduce supplies by more than 500K...
Weekly Economic and Financial Commentary: Incoming Data Reinforce Slower Pace of Global Growth
U.S. Review Despite Recent Price Drop, Oil Still Swaying Econ Data At the start of October, the WTI price for a barrel of oil was over $75. Since then it has been a mostly downward slide. This week it slipped...
The Weekly Bottom Line: Oil Industry Woes to Weigh on Growth
U.S. Highlights Equity markets were volatile again this week as concerns over global growth remained top of mind for investors. Economic data continues to point to solid economic growth stateside, with little signs that global weakness has caught on domestically....
Will Oil and the Stock Market Derail Fed Tightening?
The stock market has weakened recently and oil prices have moved lower. Unless the core rate of inflation recedes, however, the Fed will probably tighten further, at least in the foreseeable future. How Much Attention Does the Fed Pay to...
USD/JPY Bullish Trend Under Threat After Cautious Fed Member Comments
Taking a break from our non-stop Brexit coverage, we want to highlight a key development that on the US monetary policy front that may mark a significant shift for markets heading into next year. In a marked shift from the...
Dollar Lower Ahead of Crucial Week for Brexit and Italian Budget
The US dollar is weaker across the board on Friday. The comments from U.S. Federal Reserve Vice-Chair Richard Clarida on interest rates nearing a neutral rate were dollar negative. Rising optimism about the US-China trade disagreement also depreciated the greenback...
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