Advance estimates of retail sales showed that sales rose by 0.4 percent to a total of $362.7 billion in July following a revised decrease of 0.3...
Forex: US Dollar mixed. Retail Sales rise in July. Consumer Confidence, CPI increase
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Daily Forex Outlook - FED remains Dovish, USD Weak
U.S. Dollar Trading (USD) was on the back foot as stocks rallied around the world and the Federal Reserve left rates at 0.25% and stating that rates would remain low for an extended period of time. ADP October Employment Report was -203k vs. -188k previously. Also released, ISM Services forecast at...
Why the US economy that exits the recession may not resemble the one that went in
One of the new variables the market has had to contend with is that the US economy went into a cyclical downturn in one form and hopes to emerge in quite different fashion. Whether or not you agree with the politics of the transformation, the changes are substantial and come with a price tag to...
Sierra Leone Central Bank Cuts Rate 300bps to 20.00%
The Bank of Sierra Leone cut its monetary policy rate by 300 basis points to 20.00% from 23.00% previously; also changing the Reverse...
Forex Carry Trade Correlation to CRB Index at Record Highs
The Forex Carry Trade correlation to the Reuters CRB Commodities index is now at its highest in at least 10 years, and it seems that recent recoveries in ... See all stories on this...
Wegelin & Company Agrees to Sell to Switzerland’s Raiffeisen Group
Wegelin & Company agreed to a sale to Switzerland’s Raiffeisen Group after coming under investigation in the U.S. for allegedly...