The major US stock indices are closing lower as CPI data was a bit higher than expectations and then the lower demand for the 30 year auction reminded traders that the US treasury supply is not going to be lower anytime soon, and if you start losing buyers (like the Fed and foreign buyers), that
The strike by the US United Auto Workers is ongoing. The latest is that the union is rejecting an offer from one of the Big Three automakers, Chrysler parent Stellantis, for a 21% wage increase: a cumulative 21% wage increase with an immediate 10% increase upon a formal agreement. The union is seeking a four-day
British Pound, GBP/USD, Technical Analysis, Retail Trader Positioning – IGCS Update British Pound has been stabilizing against US Dollar Retail traders have been slowing becoming bearish Will GBP/USD reverse higher on the 200-day MA? Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound has been marking time in recent weeks, pausing a
Share: Gold price discovers support as Fed policymakers see no interest-rate increase in September. The USD Index hovers near 105.00, preparing for a fresh upside amid the risk-off mood. Fed’s Goolsbee said the central bank is aiming to push the economy on a “golden path”. Gold price (XAU/USD) extends recovery as Federal Reserve (Fed)
© Reuters. FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo NEW YORK (Reuters) – Cryptoassets, peddled as the future of finance, have not only failed to deliver on their promise but are themselves adding to financial risks in developing economies, according to a paper from the Bank
Earlier today, Teranet and National Bank released the latest edition of their house price index for Canada. It showed that prices boomed 1.8% from June to July in the fifth consecutive monthly increase. The rise is the second-largest in a single month, surpassed only by July 2006. Seasonally adjusted, prices were up 2.4% m/m with
