By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Tuesday ahead of the start of the latest Federal Reserve policy-setting meeting, while the Australian dollar soared after the Reserve Bank raised interest rates and signalled more to come. At 2:55 AM ET (0655 GMT),Read More →
Japanese Yen Talking Points USD/JPY appeared to be on track to test the 2015 high (125.86) after clearing the 2016 high (121.69) last week, but a move below 70 in the Relative Strength Index (RSI) is likely to be accompanied by a near-term correction in the exchange rate asRead More →
© Reuters. FILE PHOTO: U.S. dollars are counted by a banker at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Ritvik Carvalho LONDON (Reuters) – The dollar dipped against a basket of major currencies on Monday, after hitting a speed bump when last week’s mixedRead More →
© Reuters. A farmer holds a wad of Cuban money at a vegetable stall at a market in central Cuba By Marc Frank HAVANA (Reuters) – Cuba said late on Thursday it would start its long-awaited monetary reform in January, eliminating its dual currency and labyrinthine multiple exchange rateRead More →
The cryptocurrency space can be very competitive in terms of every coin trying to take advantage of the increasing volatility to gain revenue. Bitcoin, the largest cryptocurrency, has experienced huge volatility, and it proved to be a double-edged sword for cryptocurrencies because it fell by more than 10% withinRead More →
Japanese yen, geopolitical risks, tension between the United States and China, Bank of Japan interest rate decision – DISCUSSION POINTS Japanese Yen May Rise on U.S.-China Geopolitical Tension, Bank of Japan Rate Decision Tension over Hong Kong creates a rift between Pacific countries, endangering the Australian dollar and NewRead More →
The Bitcoin (BTC) mining difficulty has seen its biggest upward move for over two years after warnings over BTC price selling pressure. According to data from on-chain monitoring resource BTC.com on June 17, the latest difficulty adjustment saw difficulty increase by 14.95% — the most since January 2018. Bitcoin difficultyRead More →
VanEck company MVIS and cryptocurrency data provider CryptoCompare are launching an hourly Bitcoin (BTC) Benchmark Rate, which has been developed in close cooperation with cryptocurrency bank SEBA. In an announcement on June 3, MVIS outlined that the new rate aggregates BTC transaction prices on the top five trading venues includedRead More →
Asian markets were mixed in early trading Thursday after China’s central bank cut its loan prime rate, as expected. The People’s Bank of China cut its benchmark one-year loan prime rate by 10 basis points, and the five-year loan prime rate by 5 basis points. That came days after centralRead More →
(Reuters) – The U.S. office vacancy rate rose marginally to 16.8% in the fourth quarter from a year earlier, according to real estate research firm Reis Inc. Of the 79 metropolitan areas covered by Reis, 24 showed an increase in vacancies in the quarter. “Office occupancy growth was much strongerRead More →
I’ve become aware that there’s still confusion out there about the current federal income tax rates on capital gains. We live to dispel such confusion. Here goes. The Tax Cuts and Jobs Act (TCJA) included many changes that affect individual taxpayers. However, it maintained the status quo for the taxesRead More →
Bloomberg News/Landov Chicago Fed President Charles Evans The U.S. economy is doing quite well at the moment and there is a chance the central bank might have not have to take any more monetary easing steps, Chicago Fed President Charles Evans said Wednesday. “I don’t see we necessarily have toRead More →
The Federal Reserve worked hard on Wednesday to emphasize that U.S. interest rates would stay on hold unless the economic outlook deteriorated significantly, after it cut rates for a third time this year. But some market participants are less sure that the central bank will keep up its stoic policyRead More →
(Reuters) – United Technologies (N:) expects its customer Boeing (N:) to keep producing 42 737 MAX planes per month in 2019, allaying fears of a manufacturing pause that could cost billions of dollars in losses for the planemaker and its suppliers, Chief Financial Officer Akhil Johri told Reuters on Tuesday.Read More →
The numbers: The economy added 136,000 new jobs in September, the government said Friday. Economists polled by MarketWatch had forecast a 150,000 increase. This is the slowest pace of job growth in four months, as businesses grew more cautious about hiring, but employment gains for August and July revised upRead More →
Bloomberg Mark Carney, governor of the Bank of England, walks with Jerome Powell, chairman of the Federal Reserve, during the Fed’s summer retreat in Jackson Hole, Wyo. The Federal Reserve Wednesday lowered its benchmark interest rate by a quarter-point, and many of the central bank’s monetary-policy makers said they believedRead More →
Gold futures ended higher Wednesday for a third session in a row, then moved lower in electronic trading after the Federal Reserve announced a quarter-percentage point cut to a key interest rate, lifting the dollar and pressuring prices for the dollar-denominated yellow metal. Gold pulled back somewhat as the quarter-pointRead More →
For the past two months, Becky Beach, an avid shopper with a low credit score, has found herself trapped in the “shop more, earn more points” game that retailers play. Beach, a 37-year-old stay-at-home mom, has been overdue on two of her store credit card payments — Loft and Kohl’sRead More →
Bonds issued by home builders are signaling a pretty upbeat tone for the U.S. economy, even as U.S. recession fears linger. Wage growth has been on the rise while borrowing costs have fallen, with the average 30-year fixed-rate mortgage plunging this week to a three-year low of 3.55%, helping toRead More →
Economic growth in the U.K. is slower than forecast — with gross domestic product even shrinking 0.2% in the second quarter — but inflation is higher than economists expected, at an annual 2% in July. The unusual combination intensifies the Bank of England’s current dilemma: hike or cut rates? ButRead More →
Asian markets were mixed in quiet trading early Tuesday, after China’s central bank announced its new benchmark lending rate. The People’s Bank of China set the one-year Loan Prime Rate at 4.25%, down from 4.31% previously, according to the Wall Street Journal. The PBoC announced the new benchmark mechanism overRead More →
Asian markets fell in early trading Thursday, following the Fed’s first interest-rate cut in more than a decade. Stocks slid on Wall Street after the Fed cut interest rates by 25 basis points and failed to clearly signal whether more cuts were on the horizon. Meanwhile, trade negotiations between theRead More →
Associated Press President Donald Trump has been pressing for easier Fed policy since last fall. President Donald Trump on Monday made it clear that he wants more than a quarter-point interest rate cut from the Federal Reserve. “A small rate cut is not enough,” Trump wrote on Twitter on Monday.Read More →
It’s getting harder to generate a good return on your cash. An analysis of Federal Deposit Insurance Corp. data by behavioral economics consulting firm Analyticom found that rates for certificates of deposits (CDs) are falling across the board for the first time in five years. ‘July is a turning pointRead More →
© Reuters. Investing.com – The very merry July stock market rally bubbled along Friday with the major averages all setting new highs and the S&P 500 closing above 3,000 for the first time. The closed up 0.46% after hitting a new high of 3,013.62 . The finished up 0.9% afterRead More →
