Economic News, Page 14

  • mortgage rates

    U.S Mortgages – Down for a 3rd Consecutive Week

    Mortgage rates slipped again in the week ending 23rd August, with a 3rd consecutive week of decline seeing mortgage rates fall to levels not seen since April, according to figures released by Freddie Mac.Economic data released through the week was on the lighter side, with key stats through to Thursday

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  • stock markets

    Uncertainty Creeping into Stock Markets – And That’s Bad for Traders

    Uncertainty has hit the markets with investors concerned that President Trump’s potential legal problems could keep him pre-occupied enough to prevent him from following through on several of his economic programs. Of major concern for a few is whether Trump will remain in office for the rest of his term.Uncertainty

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  • Jerome Powell

    Fed Minutes: Policymakers Finally Acknowledge Trade War Risks to ‘Strong’ Economy

    The financial markets showed a muted response to the minutes from the July 31-August 1 Federal Open Market Committee meeting after policymakers reiterated its call for “strong” economic growth, but added that it saw ongoing global trade tensions as the biggest threat to otherwise strong U.S. economic growth.Fed officials also

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  • Fed

    Fed Minutes: Look for Clues on Outlook for Rates Next Year

    Wednesday is shaping up to be a volatile trading session based on the early price action. With many traders sitting on the sidelines ahead of today’s FOMC Monetary Policy Meeting Minutes, due to be released at 1800 GMT, trading volume in many of the major markets is relatively thin, allowing

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  • Global stocks mixed

    Global Stocks Mixed, Trump Quickly Put Dollar Back to Trading Range. What’s Next?

    The weakening of the dollar, caused by Atlanta Federal Reserve Bank President Raphael Bostic and Donald Trump’s comments, continues. The dollar index sank by 0.3% for the past 24 hours to 95.2, having played down the growth of the beginning of August and returned to the upper border of the

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  • Stock Market Turmoil

    U.S. Stocks Dip in Early Trade on Uncertainty Over Trump’s Legal Problems

    U.S. equity futures are under pressure in the premarket trade, pointing to a possible lower cash market opening on Wednesday. The selling pressure started after President Trump’s former lawyer, Michael Cohen, pleading guilty on Tuesday, said a candidate for federal office directed him to pay off a porn star “for

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  • us dollar free fall

    Don’t Blame Trump, Blame FOMC’s Bostic For Dollar’s Freefall on Monday

    The U.S. Dollar is trading slightly lower against a basket of currencies on Tuesday. Most of the price action, however, is sideways. Additionally, yesterday’s dollar index low at 95.305 remains intact. This means there has been no follow-through to the downside following the late session comments from President Trump which

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  • Trump's Trade War

    This Time Trump Can Stop the Dollar Rally

    The dollar fell under pressure after Trump’s interview with Reuters, where he reiterated that he is “not thrilled” by the actions of the Fed and prefers a policy of low-interest rates. The dollar index lost 0.7% over the past 24 hours. EURUSD up to 1.1530, the maximum in the last

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    RBA: Upbeat on Economy, Drought a Danger; Fed Bostic Expects One More Rate Hike in 2018

    The Australian Dollar is climbing early Tuesday following the release of the Reserve Bank Monetary Policy Meeting Minutes. There were no surprises in the report so the price action is likely being driven by increased appetite for risky assets after last week’s steep sell-off drove the currency to a multi-year

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  • NYSE

    Despite the End of Earnings Season, Corporate Activity Likely to Drive Price Action

    Slow and steady appears to be the message on Wall Street early Monday with stocks grinding higher on low volume. Earnings season is rapidly coming to a close, leaving investors with little to follow except geopolitical events, economic data and other corporate news.The situation in Turkey appears to have calmed

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  • Global Stocks Edge Higher

    Global Stocks Edge Higher on Planned US-China Trade Talks, Fed Can Form a New Basis for EM Currencies Outflow

    Asian bourses remain moderately optimistic since the end of last week. Expectations are encouraging that the Chinese and Turkish authorities should be able to find economic support measures and stabilize the exchange rates of their currencies. Beijing defended its currency from a decline to 7.0 for the dollar last week,

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  • Trump and Powell

    The Week Ahead – Trump, Trade, Powell and Policy in Focus

    On the MacroFor the Dollar, key stats for the week include July existing home sales figures due out on Wednesday, new home sales and August prelim private sector PMI numbers on Thursday and July durable goods orders on Friday. FOMC meeting minutes due out on Wednesday and Jackson Hole Speeches

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  • The Indian Rupee Hits All Time Low

    Not only the Turkish Lira – The Indian Rupee Hits All Time Low

    This week the Indian Rupee crossed 70 for the first time in its history. India’s currency crossed the psychological level on Monday and traded as high as 70.80 on Wednesday. The Rupee is just one of several emerging market currencies to come under pressure in the wake of the Turkish

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  • U.S. Dollar Index

    Dollar Pressured by Firmer Euro; Consumer Sentiment Misses Expectations

    The U.S. Dollar fell against a basket of major currencies on Friday as demand for safe-haven assets dropped amid optimism that next week’s trade talks between the United States and China would ease tensions between the two economic heavy-weights and bring them closer to ending their trade dispute.September U.S. Dollar

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  • Stock market analysis

    With Earnings Season Ending, Focus Will Shift to Geopolitical Events, Policy Changes

    The major U.S. equity market finished mixed for the week while posting a generally choppy trade. Concerns over financial and currency turmoil in Turkey, renewed trade talks between the United States and China, and strong earnings reports were primarily responsible for the two-sided trade and heightened volatility.For the week, the

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  • U.S Mortgages – Down for a 2nd Week

    Mortgage rates eased back in the week ending 16th August, with mortgage rates on the decline amidst heightened market volatility and rising geo-political risk in recent weeks, according to figures released by Freddie Mac.Freddie Mac also noted that, in spite of a steadying in mortgage rates through the summer, home

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  • Stock market

    Asian Shares Open Mixed: Supported by U.S. Gains, Pressured by Nvidia Low Revenue Guidance

    Asian stock markets are expected to open mixed on Friday. Yesterday’s strong performance in the U.S. market is expected to underpin prices, but low revenue guidance from Nvidia is expected to put a cap on any gains.U.S. Equity MarketsU.S. stocks finished higher on Thursday on optimism that a meeting between

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  • Stock Market Trend

    U.S., China, Walmart Grab the Positive Headlines, but Turkey Still Has Issues

    After treading water most of the week on concerns over a financial crisis in Turkey, U.S. stock market investors have returned with a vengeance on Thursday, driven by optimism over the scheduling of a meeting between the United States and China, and a robust earnings report from Walmart, which signals

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  • Markets on the rise

    Markets are on the Rise due to Turkey and China Positive News, US Markets Open Higher

    Markets are on the rise on Thursday morning on the news about the U.S.-China trade talks later this month. As a result, Asian bourses have stabilized: MSCI adds 0.3% after a decrease of 1.1% on Wednesday. The Chinese offshore yuan adds about 1% on Thursday morning and trades at 6.875 after reaching 18-month lows to the dollar

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  • U.S. Dollar

    Risk Aversion Eases on Reports of Renewed Trade Talks Between US, China

    Asian stocks finished lower on Thursday, following the lead set by the U.S. markets on Wednesday, but investors bought into the weakness, helping the major indexes pare substantial losses. The intraday short-covering rally was fueled by a report from China that it was planning for a new round of trade

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