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Tag: Economy


News

More voters back funding for U.S.-Mexico border than foreign conflicts

November 21, 2023

Via: NBC News

American voters across party lines support more funding to bolster security at the southern border, while support for foreign countries embroiled in conflicts exposes stark partisan divides, according to the latest NBC News national poll. The survey finds roughly 3 […]


Education, Industries

Is there significant potential for apprenticeships in the US market?

November 21, 2023

Via: Education Dive

Nearly 128 million U.S. workers — about 70% of the entire US workforce — could stand to benefit from apprenticeships and on-the-job learning opportunities, opening up a key cohort of trained workers for employers, according to a Nov. 13 report […]


Finance Tech, Trading

Why is Ether (ETH) price up today?

November 20, 2023

Via: Investing.com

Ethereum (ETH) is witnessing a price breakout on the back of increasing institutional interest in the second-largest cryptocurrency behind Bitcoin (BTC) by market cap. The increased bullish sentiment pushed Ether price up by 26.2% in 30-days. The fact that ETH […]


News

Oil Latest – US Crude Trying to Nudge Higher After Another Week of Heavy Losses

November 17, 2023

Via: DailyFX

US oil is down nearly 16% in the last month and over 23% in the last seven weeks as sellers continue to control price action. After touching a $95/bbl. high on September 28th, US crude hit a multi-month low of […]


Finance Tech, Trading

3 metrics DeFi traders can watch to spot the next crypto bull market

November 17, 2023

Via: Investing.com

The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance […]


Finance Tech, Trading

Oil Price Outlook: Brent and WTI Suffer Further Losses

November 16, 2023

Via: DailyFX

Delayed and current EIA data for the week ending the 3rd and 10th of November revealed massive increases in crude storage, weighing heavily on the price. Deteriorating economic data has illuminated the path for lower oil prices but the recent […]


News

EUR/USD Price Forecast: It’s Time for Eurozone Inflation

November 16, 2023

Via: DailyFX

The euro has been capitating off the weaker than expected US CPI earlier this week despite weakening slightly both yesterday and today. Markets are seemingly expecting the Federal Reserve to have reached its hiking cycle peak and have since ‘dovishly’ […]


Industries, Retail & Wholesale

US Breaking News: Retail Sales Beat Pessimistic Estimate, USD Bid

November 15, 2023

Via: DailyFX

US retail sales broke its run of six consecutive positive prints in October, dropping 0.1% in the month of October compared to September. In addition, September’s number was revised higher from +0.7% to +0.9%. Retail sales has contributed to the […]


News

Inflation panic seems to be over but cost of living crisis remains

November 15, 2023

Via: Sky News

Inflation has dropped to 4.6% which means the chancellor and prime minister can claim victory in one of their five pledges – the one to halve inflation by the end of the year. True, there’s still a few months of […]


News

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

November 14, 2023

Via: CNBC

UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost four times the market consensus, as the world’s largest economy tips into recession. In its 2024-2026 outlook for the U.S. […]


News

City chiefs urge Hunt to tackle domestic investment drought

November 14, 2023

Via: Sky News

Sky News has seen a letter from the Capital Markets Industry Taskforce (CMIT), an influential panel chaired by Julia Hoggett, the London Stock Exchange chief executive, which calls on Jeremy Hunt to advance his financial services programme in next week’s […]


Finance Tech, Liquidity

Gold (XAU/USD) Slips Lower After Fed Powell’s Warning, UST 30-Year Bond Sale Flop

November 10, 2023

Via: DailyFX

Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%). […]


Energy, Industries

Oil Sell-off Intensifies, Seeing the Commodity Trade Below a Key Level

November 8, 2023

Via: DailyFX

The American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]


Capital, Finance Tech

UBS shares rise 3% as market focuses on strong underlying profit

November 7, 2023

Via: CNBC

UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations. UBS shares were up 3.2% by […]


News

Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible

November 7, 2023

Via: CNBC

Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is […]


Finance Tech, Liquidity

Oil Price Forecast: WTI Remains Vulnerable Below the 100-Day MA

November 6, 2023

Via: DailyFX

Oil prices are up around 1.3% at the time of writing as Saudi Arabia and Russia reiterate commitment to supply cuts. The two OPEC members confirmed their commitment to extra voluntary oil supply cuts to the end of 2023. OIL […]


News

US Breaking News: NFP Disappointment Sinks USD, Gold Bid

November 3, 2023

Via: DailyFX

Non-farm payroll data for October disappointed estimates of a 180k coming in at a 150k. In addition, the unemployment rate rose slightly from 3.8% to 3.9% while average hourly earnings posted mixed figures, rising year on year but cooling slightly […]


Finance Tech, Liquidity

EUR/USD Price Forecast: Euro Progresses as Markets Prep for NFP

November 2, 2023

Via: DailyFX

The euro pushed higher after disappointing Euro area data showed weak manufacturing PMI’s (see economic calendar below) continue to plague the region. The HCOB manufacturing PMI release slumped to 3-month lows and the 16th consecutive print below the 50 level […]


News

Gold Price Update: Bullish Momentum Wanes Despite Softer USD, Yields

November 2, 2023

Via: DailyFX

The FOMC statement and presser resulted in a reduced expectation that the Fed will hike rates in December – the final meeting for the year. Jerome Powell attempted to keep the door open for another rate hike after expressing that […]


News

Fed holds rates steady, upgrades assessment of economic growth

November 1, 2023

Via: CNBC

The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target. In a widely expected move, the Fed’s rate-setting […]