Quotes from Western Union:- The Euro bounced off lows not traded since Sept 2003 on account of profit taking in late European trading. Strong payroll numbered on Friday increased the chances of a rate hike in Q3 this yea…
- The Euro bounced off lows not traded since Sept 2003 on account of profit taking in late European trading. Strong payroll numbered on Friday increased the chances of a rate hike in Q3 this year sending the US Dollar higher against all currencies, especially the Euro.
- On the other hand the Euro continues to be weighed down by Greece and the announcement from ECB that they have commenced buying European bonds as part of their Quantitative Easing measures announced earlier.
- The talk about plebiscite in Greece raises questions of further political instability and this will keep downward pressure on the Euro.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
