FOMC, ECB, US GDP and Earnings Spur on Advances

[ad_1] Dow, DAX Index Analysis Recommended by Richard Snow Get Your Free Equities Forecast DAX Pushes Past Significant Resistance as Earnings Season Continues The DAX received a boost ahead of the ECB rate announcement today as earnings season grips the German index. A broad list of stocks that have reported positive earnings updates this week

Dollar edges lower, continuing the Fed-inspired weakness By Investing.com

[ad_1] © Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday, adding to the previous session’s losses in the wake of the Federal Reserve’s latest meeting, while the euro climbed ahead of the European Central Bank’s expected rate hike. At 02:55 ET (06:55 GMT), the , which tracks the greenback against

Oil prices escalate to highs since April amid tighter supply

[ad_1] Share: WTI jumped above $80.00 for the first time since mid-April. Tighter global supply and Chinese stimulus support the rise in Oil prices. Hawkish bets on the Fed may limit the price’s momentum. On Thursday, the West Texas Intermediate (WTI) rose more than 1% to its highest level since mid-April, above $80.00.

Gold (XAU/USD) Price Slumps After Better-Than-Expected US Growth Revealed

[ad_1] Gold Price (XAU/USD) Analysis, Price, and Chart Strong US economic data send gold spinning lower. Friday’s Core PCE data will be key for gold going into the weekend. Recommended by Nick Cawley Get Your Free Gold Forecast Gold has given back $25+ today after the latest batch of US data showed the American economy

US June pending home sales +0.3% vs -0.5% expected

[ad_1] US pending home sales Prior was -2.7% Index 76.8 vs 76.5 prior This is a decent forward-looking indicator and a nice rebound after a poor number in May. I think it’s clear that there are people who want to buy homes, it’s just that inventories of homes for sale are very low and mortgage

US Second-Quarter GDP Growth Shatters Estimates, Boosting Yields and the Dollar

[ad_1] SECOND-QUARTER USD GDP KEY POINTS: The U.S. economy grew at an annualized rate of 2.4% in the second quarter, well ahead of expectations of 1.8% Personal consumption expenditures, the main driver of economic activity, decelerated to 1.6%, but remained elevated by historical standards Better-than-expected data pushed U.S. Treasury yields higher, boosting the U.S. dollar