Monthly Archives: November 2017

U.S. Jobless Claims Fell by 2,000 Last Week By Investing.com

© Reuters. Jobless claims were down last week. Investing.com – The number of people who filed for unemployment assistance in the U.S. last week fell more than expected and as the labor market strengthens, official data showed on Wednesday. The number of individuals filing for benefits in the week ending November 24 fell by 2,000 to a seasonally adjusted 238,000 from the previous week’s total of 240,000, which was revised up from 239,000, the U.S. Department of Labor said. Analysts had expected jobless claims to fall to […]

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Dollar Steady after U.S. Data with Tax Bill in Focus By Investing.com

© Reuters. Dollar steady after U.S. data with tax bill in focus Investing.com – The dollar was holding steady against a basket of the other major currencies on Thursday following tepid U.S. data on consumer spending as investors remained focused on the progress of a U.S. tax reform bill. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 93.24 by 09:07 AM ET (14:07 GMT) and was on track for a monthly loss. The dollar showed little reaction after […]

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Sterling’s Technical Uptrend Remains In Place

www.investing.com/analysis/sterlings-technical-uptrend-remains-in-place-200269438 Sterling’s Technical Uptrend Remains In Place By Faraday Research (Jamie Dutta)   |  45 minutes ago (Nov 30, 2017 11:11AM ET) Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media […]

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U.S. consumer spending moderates in October, inflation firming By Reuters

© Reuters. FILE PHOTO: FILE PHOTO: People shop at The Grove mall in Los Angeles By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending slowed in October as the hurricane-related boost to motor vehicle purchases faded, but a sustained increase in underlying price pressures suggested that a recent disinflationary trend had probably run its course. Other data on Thursday showed a second straight weekly drop in first-time applications for unemployment benefits, pointing to a further tightening in labor market conditions that could soon generate faster wage growth […]

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Dollar Weakens Broadly, Sterling Rises Above 1.35 By Investing.com

© Reuters. Dollar weakens broadly, sterling rises above 1.35 Investing.com – The dollar slumped to the lowest levels of the day against a basket of the other major currencies on Thursday, boosting sterling to a nine-week high as investors remained focused on the progress of a U.S. tax reform bill. The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.45% to 92.80 by 10:18 AM ET (15:18 GMT), and was on track for it largest monthly decline since July. […]

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AUD/USD: First Resistance At 7610/15; NZD/USD Tops At Target

AUD/USD And NZD/USD Weekly Chart first resistance at 7610/15 but above 7630 is more positive targeting 7645 then resistance at 7670/74. If we can beat 7690/95 we should see bulls target 7725. The pair bottomed 10 pips above our buying opportunity at 7540/30. An unexpected break below 7490 is a strong sell signal. topped exactly at our target and selling opportunity within a 30 pip band of 6935/65, but only reached 6929 on the bounce yesterday. Try shorts at 6935/65, with stops above 6995 on any bounce […]

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Chicago PMI Pulls Back From 3-Year High in November By Investing.com

© Reuters. Chicago PMI for November falls to 63.9 vs. 63.0 forecast Investing.com – Manufacturing activity in the Chicago-area fell back in November from what had been a three-high in the previous month, but did not decline as much as feared, industry data showed on Friday. In a report, the Institute for Supply Management (ISM) said its decreased by 2.3 points to a seasonally adjusted 63.9 this month from a reading of 66.2 in October. Analysts had expected the index to decrease by 3.2 points to 63.0 […]

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British Pound Extends Win Streak

Receive the DailyFX US AM Digest in your inbox every day before US equity markets open – signup here The British Pound rally across the board has continued on Thursday, following the range breakout higher in GBP/USD yesterday. While pairs like EUR/GBP and GBP/JPY are still in recent consolidations, potential is clearly gathering for breakout opportunities (EUR/GBP: range break lower; GBP/JPY: symmetrical triangle break higher). Meanwhile, the Euro failed to hold onto earlier gains after the November Euro-Zone CPI report missed expectations. Overall, the US Dollar rally […]

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