Dollar suffers further losses as Fed fails to inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy. The greenback sank after the much-anticipated central bank meeting, which provided little to excite buyers, despite tentative hopes US lawmakers… Please follow and like us:

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UK house price growth peters out, London weakest since 2009

New residential homes are seen at a housing estate in Aylesbury, Britain, February 7, 2017. [Photo/Agencies] LONDON – House prices in Britain are no longer rising and are falling in London at their fastest pace since 2009, the Royal Institution of Chartered Surveyors said on Thursday, citing political worries and last week’s Bank of England interest… Please follow and like us:

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Asian markets track Wall St up as US jobs come into view

Asian markets edged up in muted trade on Thursday while the dollar held gains following a third-straight record close on Wall Street and more positive US data. With attention now on the release of US jobs figures on Friday and investors trying to figure out Donald Trump’s pick as the next Federal Reserve boss, there was… Please follow and like us:

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Fed rate hike remains uncertain after Harvey, Irma

Two hurricanes slammed into the United States within two weeks, taking a bite out of economic growth, and adding to doubts about the potential for a third interest rate hike this year. The Federal Reserve is widely expected to leave interest rates untouched after the two-day policy meeting this week, but economists are split on whether… Please follow and like us:

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TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.14.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 6.14.17 A DAILY SOCIAL TRADING EVEN BUZ INVESTORS MAJOR CURRENCY PAIR 6.14.17 This morning, the greenback is trading higher against most of the major currencies, amid rising expectations of the Federal Reserve’s (Fed) interest rate hike as the central bank is scheduled to announce its monetary policy decision in… Please follow and like us:

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US job growth stumbles in May, possibly clouding Fed’s interest rate decision

WASHINGTON — Job growth slowed sharply in May to just 138,000, the Labor Department said Friday, an unexpectedly lackluster figure that could give Federal Reserve officials concern about enacting another interest rate hike this month. The unemployment rate ticked down a tenth of a percentage point to 4.3 percent, the lowest since 2001. But that was… Please follow and like us:

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TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 5.31.17

TODAY’S FOREX BUZZ WORD MAJOR CURRENCY PAIR 5.31.17 A DAILY SOCIAL TRADING EVENT BUZ INVESTORS MAJOR CURRENCY PAIR 5.31.17 This morning, the greenback is trading mostly lower against most of the major currencies, ahead of the US Fed’s Beige Book report and pending home sales data, slated to release in a few hours. The EUR is… Please follow and like us:

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Commodities Decreased in March due to Supply Expectations

NEW YORK, April 18, 2017 /PRNewswire/ — Commodities decreased in March, driven by shifting supply expectations, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was negative for the month, with 18 out of 22 Index constituents posting losses. Credit Suisse Asset Management observed the following: Agriculture decreased 5.83%, led lower by… Please follow and like us:

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Apple sees Red. So do the Dow, S&P 500 and NASDAQ averages

WASHINGTON, March 21, 2017 – Stocks have been looking toppy for the longest time. But trading action late Tuesday morning is driving that point home, big time. As we near the noon hour ET, the Dow Jones Industrials are off 197.10 (-0.94 percent, the broader-based S&P 500 is down 23.89 (-0.88 percent) and the tech-heavy NASDAQ… Please follow and like us:

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Wednesday’s oil smackdown continues in Thursday trading

WASHINGTON, March 9, 2017 – All of a sudden, crude oil prices have reversed field and are, at least temporarily, in the midst of a Wile E. Coyote-style cliff dive. Stocks and market averages have been following suit, and as of Wednesday’s close, the carnage was increasing. Thursday trading action provided a marginal respite, though crude… Please follow and like us:

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