Source: Bloomberg U.K. Prime Minister Boris Johnson is looking to bring the army to solve an acute shortage of fuel, as panic-buying pressured gasoline stations to close shops. FTSE 100 Index down -0.059%, GBP USD up +0.28% The British government has already given in to industry demands to issue 5,000 short-term visas to truck drivers, yet business leaders and unions … [Read more...] about Boris Johnson Readies Up the Army as Heightened Demand Drains Petrol Pumps
How to Trade in a Choppy Forex Market
The trends in sideways markets are fairly easy to spot. To detect sideways markets across a range of timeframes, you should determine the highest and lowest price levels. These two levels establish your range. Next, in the present price range, we want to watch how the asset behaves. If it is struggling to overcome support or resistance, it signifies that the pair is trading … [Read more...] about How to Trade in a Choppy Forex Market
New Home Sales Hit Four-Month High in August
Source: US Census Bureau New home sales climbed for the third straight month to hit a four-month high in August, as average prices retreated. XHB is down 0.03%. Sales of new single-family houses stood at 740,000 in August, the highest in four months since April’s 796,000.The latest reading is 1.5% higher than the 729,000 in July and 24.3% lower than the 977,000 units sold … [Read more...] about New Home Sales Hit Four-Month High in August
GBPUSD Forecast as UK Stagflation Fears Emerge
The GBPUSD pair jumped on Thursday after the Bank of England (BOE) delivered a relatively hawkish interest rate decision. The pair rose to 1.3750, which was 1% above this week’s low of 1.3610. BOE interest rate decision This was a central bank week as multiple banks met and delivered their interest rate decisions. Among them were the BOE, Federal Reserve, Norges … [Read more...] about GBPUSD Forecast as UK Stagflation Fears Emerge
Household Net Worth Breaches $140-Trillion Level in the Second Quarter
Source: Federal Reserve Household net worth continued to climb in the second quarter of the year to breach the $140-trillion level for the first time. DXY is up 0.27% Household and nonprofit net worth jumped to $141.668 trillion in the second quarter of the year, up from $135.818 trillion the previous quarter and $118.491 million the previous year.Corporate equities — … [Read more...] about Household Net Worth Breaches $140-Trillion Level in the Second Quarter
