Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.
Non-manufacturing PMI climbs from 5-month lows as business activity gains momentum The US services sector expanded to 52.7% in November from a 5-month low of 51.8% the previous month amid heightened business activit ... Read more >>
Consumer spending, too, slips as high-interest rates reduce demand for goodsThe personal consumption expenditures price index was unchanged in October after rising 0.4% the previous month as the cost of goods and service ... Read more >>
Manufacturing output too falls, while September’s output is revised lowerProduction at US factories fell 0.6% in October amid a slump in motor vehicle output resulting from the United Auto Workers (UAW) strike agai ... Read more >>
Food and shelter prices rise, while the energy index falls as gasoline prices plungeThe consumer price index (CPI) for all urban consumers (CPI-U), which measures a broad basket of goods and services, was flat last month ... Read more >>
Service sector output slips 0.1% while manufacturing output ticks 0.1% higher Economic growth in the UK stagnated in the September 2023 quarter after expanding at a 0.2% pace in the three months to June 2023, partly ... Read more >>
Unemployment rate climbs to 3.9% in October, the highest since January 2022 The US economy added 150,000 jobs in October, around half the jobs created from the downwardly revised 197,000 the previous month, data rel ... Read more >>
Policymakers leave the door open for another rate hike, but markets skepticalThe Federal Open Market Committee (FOMC) left interest rates unchanged at 5.25%-5.50% at the end of their two-day monetary policy meeting on We ... Read more >>
Headline PCE price index surged 0.4% month-on-month, while core inflation climbed 0.3% US personal consumption expenditures (PCE) price index increased 0.4% in September, unchanged from the previous month but higher ... Read more >>
GDP growth jumped to 4.9% in the September quarter from 2.1% in the second quarterThe US real gross domestic product (GDP) expanded at an annual pace of 4.9% in the three months to the end of September 2023 as a shrinkin ... Read more >>
Dollar ends flat, stock benchmarks remain mixed, and treasury yields rise following the announcementUS retail sales rose by a solid 0.7% in September, slightly below the upwardly-revised 0.8% in August, as Americans cont ... Read more >>
Inflation climbs 0.4% on the month, remains flat at 3.7% y-o-y Seasonally-adjusted consumer price index (CPI) in the US rose 0.4% in September, slightly below the 0.6% increase the previous month, the US Bureau of L ... Read more >>
Core prices cool, but simmering inflation remains a concern for the US economyThe US producer price index (PPI) for final demand, which measures the cost of finished goods paid by producers, rose 0.5% month-on-month in S ... Read more >>
Unemployment rate unchanged at 3.8%, while wage growth slowsUS nonfarm payroll employment spiked by 336,000 in September from an upwardly revised 227,000 the previous month, the US Bureau of Labor Statistics (BLS) report ... Read more >>
The central bank expects to hike again this year, while it lowered its rate cut forecastThe Federal Reserve left interest rates unchanged following its two-day monetary policy meeting but signaled that there would be ano ... Read more >>
Food and clothing sales drive recovery, while fuel sales fall amid surging pricesRetail sales volumes in the UK climbed 0.4% higher in August, rebounding from the upwardly revised 1.1% decline in July, data published by ... Read more >>
Manufacturing Output ekes out small gain even as the output of motor vehicles & parts fellProduction at US factories rose by 0.4% in August, a sharp decline from the 0.7% increase the previous month, the Federa ... Read more >>
Energy index jumps 5.6% as all the major energy components indexes soarThe headline consumer price index, which measures costs across a broad category of goods and services in the US, rose by a seasonally adjusted 0.6% i ... Read more >>
Transportation equipment & new durable goods orders topped the declinesNew orders for manufactured goods fell by $12.7 billion or 2.1% in July to $579.4 billion from 2.3% the month earlier, the US Census Bureau repor ... Read more >>
The unemployment rate jumped to 3.8% amid a cooling labor marketUS nonfarm payrolls rose by 187,000 in August, up from a downwardly revised 157,000 the previous month, the US Bureau of Labor Statistics reported on Friday ... Read more >>
Inflation rose 0.2% on the month and 3.3% from the same time last yearPersonal consumption expenditure (PCE), the Fed's preferred inflation gauge, rose 0.2% in July and 3.3% year-on-year, data published by the Bureau ... Read more >>
BCS, too, declines as ESI and EEI fall by over 1.0 points amid waning confidenceThe Flash Consumer Confidence Index in the euro area fell by 0.9 percentage points to minus 16 in August 2023 from minus 15.1 the previous m ... Read more >>
GDP unchanged in Q2, 2023, after contracting in the previous two quartersSecond-quarter GDP growth (second estimate) in Europe's largest economy was flat in the April-June quarter, unchanged from the first estimate p ... Read more >>
Online sales shine, equities slide while long-term Treasury yields climbAdvance sales estimates of US retail and food services climbed 0.7% month-on-month in July to $696.4 billion from an upwardly revised 0.3% or $691.3 ... Read more >>
US consumer prices rose by a seasonally-adjusted 0.2% in July, unchanged from the previous month and in line with market expectations, data from the US Bureau of Labor Statistics showed. The modest increase in the inflat ... Read more >>
In the world of forex trading, the rise of artificial intelligence (AI) is like a tsunami on the horizon - it's coming, and there's no stopping it. And at the forefront of this AI wave is ChatGPT, an advanced lan ... Read more >>
The US dollar has been the world's reserve currency since World War II, with its status akin to that of a heavyweight champion in the world of currencies. But the greenback status was unchallenged for decades, up unt ... Read more >>
Trading in the commodities market requires a lot more knowledge than in any other financial market. This is because this particular market is very volatile and is very heavily affected by specific factors such as weather ... Read more >>
The somewhat surprising election of Donald Trump as the next President of the United States of America has already sent shockwaves around the world. From protests on the streets to huge falls in certain stock markets, it ... Read more >>
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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.