Source: ECB Eurozone inflation could continue to breach the target raised by the European Central Bank before easing back to the 2% goal next year, according to a statement. ECB President Christine Lagarde cited growing inflationary concerns, which could indicate that the inflation uptick could be longer than earlier anticipated.Lagarde noted that factors could lead to … [Read more...] about ECB Chief Lagarde Cites Growing Inflationary Concerns
Forex News
Boris Johnson Readies Up the Army as Heightened Demand Drains Petrol Pumps
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
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
