Bostic delivered a lecture at a high school on “Economic Education and the Fed 101” in Mississippi. The comments didn’t speak to the outlook. This article was written by Adam Button at www.forexlive.com.
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United States Monthly Budget Statement came in at $64B, above expectations ($61B) in September
The NZDUSD price action this week has been lower, but there also has seen a lot of ups and downs and consolidation after the sharp move lower from the end of September high at 0.6377 to the low this week at 0.6038 (12 days from top to the bottom) Technically, the NZDUSD has been behaving technically with support near…
The Dow Jones tested further into record territory despite a lack of momentum. Q3 earnings season bolstered investor confidence as earnings broadly beat expectations. US economic data further buoyed risk appetite as recession fears evaporate. The Dow Jones Industrial Average (DJIA) tested cautiously into higher ground on Friday, clipping into another record high and keeping the needle pinned firmly…
Closing changes in Europe: Stoxx 600 +0.2% German DAX +0.4% France CAC +0.4% UK FTSE 100 -0.3% Spain IBEX +0.1% Italy’s FTSE MIB +0.4% It was a nice finish for everyone outside of the UK, what a baske case that’s been. This article was written by Adam Button at www.forexlive.com.
Apple (AAPL) closed at $235.00 on Friday, 1.23% higher on the day. Apple’s stock price has increased 22.06% so far this year, more than the 14.82% advance registered by the overall Dow Jones Industrial Average (DJIA) index. On Friday, the DJIA rose by 0.09% to close at 43,275.91 points. The three leaders were Intel (INTC), Apple (AAPL) and Honeywell (HON),…
Pres Biden is out saying: He has an understanding of how and when Israel is going to respond to the missile attacks by Iran but declines to give details He also says that there’s the possibility of working for a cease-fire in Lebanon, it’s going to be harder in Gaza The news does not sound very threatening or concerning….
The Aussie Dollar benefits from a weaker US Dollar and strong employment data. China’s economic slowdown weighs on risk sentiment and limits AUD gains. Soft housing data also weighed on the USD on Friday. The AUD/USD pair extended its recovery momentum on Friday and rose mildly to 0.67055, with a positive risk tone and hawkish Reserve Bank of Australia…