Daily Forex Market Review 09/03/15 (+60 pips)

Today’s Trade Result: +60 pips Let’s analyze the market and review the events that took place over the weekend during the Asian and the European market hours. We’ll analyze these news as we analyze the news and look into today’s US market session. We’ll focus on relevant news, public comments, and any high impact releases […]

Daily Forex Market Review 09/01/15 (+160 pips)

Today’s Trade Result: +160 pips Let’s analyze the market and review the events that took place over the weekend during the Asian and the European market hours. We’ll analyze these news as we analyze the news and look into today’s US market session. We’ll focus on relevant news, public comments, and any high impact releases […]

Black Friday sales drop 7% while Thanksgiving sales jump 24%

The crowds of bargain hunters that rush through store doors the day after Thanksgiving have thinned out. U.S. shoppers spent $9.1 billion at stores on Black Friday, according to data out Saturday from research firm ShopperTrak. That’s a drop of 7 percent compared with the same day last year. But it’s too early to call the holiday shopping season a dud…

Five banks fined £2bn by U.S., UK regulators over forex rigging

The corruption of the world’s biggest currency dealers was laid bare on Wednesday when regulators imposed £2bn of fines on five major banks for rigging the £3.5tn-a-day foreign exchange markets. Regulators said they had found a “free for all culture” rife on their trading floors which allowed the markets to be rigged for five years, from January 2008 to October 2013…

Bullard says Fed should delay ending QE to assess weakening inflation

(Reuters) – The Federal Reserve is likely to reassure investors later this month that it won’t stand idle if global turbulence threatens the U.S. economy, but a proposal from one top policymaker to keep on buying bonds looks to be a bridge too far. James Bullard, who heads the St. Louis Fed…

No oil price shock due to ISIS

NEW YORK (CNNMoney) Oil prices have fallen sharply over the past few months — even though the terrorist organization ISIS has taken control of some refineries in Syria and Iraq. Prices haven’t shot up since the United States and its allies have started to conduct airstrikes against ISIS oil targets in Syria either…

U.S. jobless claims holding near 7-year lows as economy improves

The number of Americans filing for unemployment benefits was little changed last week near the lowest level in seven years as employers held on to staff in an improving economy. Claims decreased by 1,000 to 298,000 in the week ended Aug. 23 from 299,000 in the prior period…

U.S. July existing home sales climb 2.4%, mortgage rates fall

Sales of previously owned homes rose more than expected in July, a sign of growing strength in the housing recovery. Sales climbed 2.4% from June to a seasonally adjusted annual rate of 5.15 million, the National Assn. of Realtors said Thursday. The July sales level, the highest of the year, beat analysts’ projected rate of 5 million…

U.S. jobless claims drop again as 4-week average hits 7-year low

WASHINGTON—New applications for unemployment benefits fell last week to levels that haven’t been seen regularly in eight years, the latest sign of an improving labor market. Initial claims for unemployment benefits fell by 14,000 to a seasonally adjusted 298,000 in the week ended Aug. 16, the Labor Department said Thursday…

U.S. job openings hit 13-year high in June

Job openings rose in June to the highest level in more than 13 years, firming up the U.S. labor market picture for the second half of the year. The number of unfilled positions climbed by 94,000 to 4.67 million, the most since February 2001, from a revised 4.58 million in May, a report from the Labor Department showed today…

Obama authorizes targeted airstrikes against ISIS targets in Iraq

Barack Obama authorised targeted air strikes against militant jihadists on Thursday to assist in protection of civilians. American warplanes began bombing Islamic militant targets outside the Kurdish city of Irbil on Friday, in the first offensive action by the US in Iraq since it withdrew…

BOE could delay rate hike over lack of wage growth

Wages hold the key to when interest rates will start rising. That much is clear from the minutes of the most recent meeting of the Bank of England’s monetary policy committee (MPC) and the speech by its governor, Mark Carney, in Glasgow on Wednesday…

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