Economic News, Page

The dollar index reached the one-year highs on Wednesday due to the demand for safe assets. USDX reached level 95.43 on Thursday, breaking the peak levels from November and May-June. However, Trump’s comments have caused pressure on the American currency, throwing the dollar from the recently achieved highs.The U.S. president, in an interview

On the MacroFor the Dollar, key stats include existing June existing home sales and new home sales on Monday and Wednesday respectively, July private-sector PMI numbers on Tuesday, the weekly jobless claims, trade data and June durable goods orders on Thursday and 1st estimate 2nd quarter GDP numbers and July

The major U.S. equity indexes closed lower across the board on Friday but in a limited range on low volume. Supporting the markets were strong quarterly results from bellwether stocks like Microsoft and Honeywell. Helping to limit gains were fresh threats by President Donald Trump to increase tariffs on China.In

Mortgage rates resumed a downward trend in the week ending 19th July, to leave mortgage rates down in six of the last 8-weeks, according to figures released by Freddie Mac.While the trend was downward through the week, the moves were relatively minor compared with some of the weekly fluctuations, with

President Trump’s criticism of the Federal Reserve on Thursday came as a shock to traders, driving down U.S. interest rates, the U.S. Dollar and stocks.Trump said he was not thrilled the Fed was raising rates. He told CNBC’s Joe Kernen, “Because we go up and every time you go up

U.S. equity markets are trading lower on Thursday. Although the newswires haven’t centered on the reason for today’s weakness, I suspect they’ll have some reason by the end of the day.From the headlines throughout the week, at a glance, one would think the stock markets have been booming this week.

U.S. Federal Reserve Chairman Jerome Powell testified in front of the House Financial Services Committee on Wednesday, reiterating remarks he made to the Senate Banking Committee the previous day.If you recall on Tuesday, Powell said, “Overall, we see the risk of the economy unexpectedly weakening as roughly balanced with the

Stocks are trading mixed at the start of a second day of congressional testimony from U.S. Federal Reserve Chairman Jerome Powell. Yesterday, he ignited a rebound rally in the U.S. Dollar and a firm trade in U.S. stock indexes after reiterating that the U.S. economy is strong enough to warrant

The Fed’s confidence that the years ahead of the low unemployment and sustained growth have increased the demand for risks at the stock markets. As a result, S&P500 has overcome the downturn of the previous two trading sessions and has updated the highs since February, rising by 0.6%. The credibility

The trade agreement will probably secure the global trading system from the threat of protectionism and covers almost a third of the global economy.This agreement will eliminate all the tariffs on nearly all goods between Japan and the European Union and covers 600 million people altogether. Among all products, it

During his first day of testimony before Congress on Tuesday, U.S. Federal Reserve Chairman Jerome Powell offered a positive assessment of the U.S. economy, indicating that gradual interest rate increases were warranted. His comments were essentially a reiteration of the Fed’s monetary policy statement, the Fed minutes and Powell’s recent

Stocks are trading lower shortly ahead of the congressional testimony of U.S. Federal Reserve Chairman Jerome Powell. The price action is being primarily driven by position-squaring ahead of the Fed chief’s testimony and disappointing news from Netflix shortly after yesterday’s cash market close.As far as Powell is concerned, the markets

The U.S. dollar was seen trading mixed on Monday and edges lower on Tuesday morning. Economic data was supportive of the greenback. The U.S. retail sales report showed that headline retail sales increased 0.5% on the month while core retail sales rose 0.4%.The U.S. Empire State Manufacturing index was seen

Tech stocks are expected to take it on the chin Tuesday based on the lower U.S. pre-market futures trade. Sellers are reacting to a weak earnings report from Netflix, released after the U.S. close, which shows the entertainment giant missed its subscriber addition projections for the first time in five

The Amazon prime day starts today, and it’s a big day for online shoppers. The 36 hours of sale starts today, July 16, at 3 pm ET. 17 countries will be part of this massive sale which includes the US, UK, Spain, Mexico, Japan, India, Italy, Germany, France, China, Canda,

U.S. President Donald Trump and Russian President Vladimir Putin met for two hours earlier today. The summit, which began after nearly an hourlong delay, lasted more than two hours, longer than the 90 minutes that had originally been planned.Most of the talking before and after the meeting was done by

On the MacroFor the Dollar, key stats include May business inventory, June retail sales and July NY State manufacturing numbers on Monday, industrial production numbers on Tuesday, housing sector stats on Wednesday and July’s Philly FED manufacturing PMI and weekly jobless claims on Thursday. While focus will be on the

UK Prime Minister, Theresa May, has revealed on BBC interview that US president Donald Trump advised her to sue the EU. May added: “What the president also said at that press conference was ‘Don’t walk away. Don’t walk away from the negotiations. Then you’re stuck.”‘President Trump has spent the last days

Despite stronger-than-expected producer and consumer inflation data, 10-Year U.S. Treasury note and 30-Year U.S. Treasury bond yields finished flat last week. Throughout the week, the September futures contracts treaded water until Friday when it moved higher after a report on consumer sentiment revealed that optimism receded to its lowest level

Mortgage rates rose for the first time in 4-weeks in the week ending 12th July, while the downward trend still persists, with rates down in five of the last seven weeks, according to figures released by Freddie Mac.The downward trend has been supported by continued market jitters over the trade