Source: MarketWatch On Sunday, US Treasury Secretary Janet Yellen petitioned for Congress to raise the debt ceiling to avoid a “historic financial crisis.” DXY up +0.08%, EUR USD down -0.10% Yellen indicates that the United States has always raised the debt ceiling before its limit. Default could cause a spike in interest rates, a decline in stock prices, and … [Read more...] about Yellen Says Acting Sooner on Raising Debt Limit Will Avoid Historic Financial Crisis
MT Forex Indicator Review
MT Forex Indicator is software that was designed to help us with trading. My EA Academy is a part of Sinry Advice company. So, everything under this brand belongs to their portfolio. The main claim is “Don’t trade without confirmation.” Detailed MT Forex Indicator review The presentation includes some statements, information, and other details. We have prepared a list of … [Read more...] about MT Forex Indicator Review
Consumer Sentiment Growth, Ends August’s Steep Falloff
Source: University of Michigan Consumer sentiment posted slight growth in September, marking the end to the steep decline in the previous month. DXY is up 0.22%. The Index of Consumer Sentiment stood at 71.0 in September, up 1.0% from 70.3 in August, but 11.7% lower than the 80.4 in September 2020.The measure of Current Economic Conditions fell to 77.1, down 1.8% from … [Read more...] about Consumer Sentiment Growth, Ends August’s Steep Falloff
Fed Set for November’s Bond Tapering, Rate Hikes in 2023
Source: Bloomberg. The Federal Reserve is likely hinting at its meeting next week that it is moving towards scaling back monthly asset purchases and make a formal announcement in November. DXY up +0.14%, EUR USD down -0.11% The survey of 52 economists also forecasted the U.S. central bank would not interest rates near zero through 2022 before delivering two-quarter point … [Read more...] about Fed Set for November’s Bond Tapering, Rate Hikes in 2023
Eurozone Construction Posts Slight Rebound, EU Remains in Negative Territory
Source: Eurostat Construction output growth in the Eurozone posted a slight rebound in July, while the European Union’s print remained in negative territory for the third straight month. EURUSD is down 0.05%. Total construction in the Euro area grew by 0.1% in July, up from -0.6% in June. This follows three consecutive months of contraction.When compared with the same … [Read more...] about Eurozone Construction Posts Slight Rebound, EU Remains in Negative Territory
