The EUR/USD price rallied in the short term as the US dollar was in a corrective phase. The pair is trading at 0.9838 at the time of writing.
Market participants were shocked at the market action on Thursday. The underlying reason that many were shocked is due to their lack of understanding of market dynamics.
Thiruvananthapuram, Oct 16 (IANS): The Kerala unit of CPI has called for an open alliance with the Congress at the national level during the 2024 Lok Sabha elections. The Kerala delegation was speaking at the 24th All India Congress of the Communist Party of India (CPI) in Vijayawada. The delegates…
Abandon the idea that securities pricing has any relationship to earnings, GDP growth or any other number exogenous to securities themselves. Read more on how observers now view the market.
Rollercoaster price action, leading to a recovery, gives the Bitcoin community hopium. Based on volume analysis, further drops are expected.
The major indexes tumbled to bear market lows after a hot CPI inflation report, but then roared back.
China Q3 GDP – 18/10 – the various lockdowns that were implemented across China during Q2 had a chilling effect on the Chinese economy, contracting b
For the first time in 40 years, the cost of living has jumped dramatically for everyday consumers. For business owners, that could necessitate higher pay increases and belt tightening.
Bitcoin drifts lower with BTC price losing in line with U.S. stocks.
The top 10 cryptocurrencies recorded gains over the last 24 hours, rising by at least 2%. Bitcoin and ETH rose by over 3%, respectively.
The British Pound gained after US Dollar ascendency collapsed despite a hotter and expected US CPI created a series of reversals across many markets. Where will GBP/USD go?
Forex news for Asian trading on Friday, 14 October 2022
Interview on Yahoo Finance
The rising cost of natural gas leads the list of items on the consumer price index.
Apollo Management Chief Economist, Torsten Slok, reacts to the latest US CPI report. Slok also discusses how long it may take the Fed and the United States to get back down to a two percent inflation target. He speaks with David Westin on Bloomberg’s “Balance of Power.” (Source: Bloomberg)
Rep. Buddy Carter argues Democrats trying to “bankrupt” the U.S. economy will boost Republican votes and result in a GOP majority in the November midterms.
A whipsaw morning in trading follows the release of September’s official U.S. inflation numbers.
Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for an increase to 225 thous...
Investor pessimism is at an extreme while the outlook for inflation looks set to improve. Fibonacci retracement levels suggest a forceful rally in the S&P 500.
Airfares rose 42.9 percent over the past year ending in September, the fastest rate on record, according to Labor Department data released Thursday. As demand for air travel rebounded to pre-pandem…