A significant data week is coming up with the release of the most recent PCE inflation estimates on Thursday and the August NFP report on Friday, which will signal the end of the summer. At 12:30 GMT, both reports will be made public. Following Fed Chair Jerome Powell’s speech on …

Despite poor US GDP and employment market data, the EUR/USD pair is up 0.38 percent, suggesting that the Fed may delay raising interest rates. In addition to strengthening the Euro, the US Dollar Index declines to 103.187 as US Treasury note yields also retreat.German HICP surpasses expectations, supporting the Euro …

The AUD/USD pair increased at 0.6490 and then held above the 0.6473 20-day SMA. At the time of writing, it is trading at 0.6474. Investors wager on a less aggressive Fed because the US labour markets are still weak. US bond yields hit a three-week low.The AUD/USD gained momentum on …

The major Wall Street indexes rose on Wednesday as new economic data revealed a slowing US economy, maintaining predictions that the Federal Reserve will hold off on raising interest rates in September. In August, private payrolls expanded by 177,000 jobs, versus predictions of 195,000, according to the ADP National Employment …

As traders look forward to the release of US Core PCE Price Index data on August 31, the price of bitcoin is fluctuating around $28,000. It is trading exactly at $27,247 at the time of writing. According to the general view, Core PCE inflation will increase by 0.1% and register …

Investor expectations that the following policy divergence between the Fed and the BoE will end have given the British pound a boost. Investors continue to support the GBP/USD pair as they anticipate further interest rate increases from the BoE. The UK’s manufacturing industry and real estate market have suffered greatly …

The US Dollar Index dropped by the most since more than a month. Although the US Dollar fall is set to continue, the direction will depend heavily on incoming US data. On Wednesday, the ADP private employment report and another estimate of Q2 GDP growth will be released. Consumer inflation …

According to the US Bureau of Labour Statistics, there were 8.827 million job opportunities in July, far fewer than the predicted 9.465 million, while consumer confidence declined. The probability of a Fed rate hike in September has decreased to just 13.5%, according to the CME FedWatch Tool, while the probability …

Due to its $3.3 billion debt and probable lawsuits regarding opioid prescriptions, American iconic retail chain Rite Aid is getting ready to apply for Chapter 11 bankruptcy protection. The firm has had difficulties throughout its history, with rivals including Bed Bath & Beyond, Tuesday Morning, and Christmas Tree Shops faltering …

In the final days of a typically challenging August for the stock market, investors flocked back to tech stocks, driving the Nasdaq Composite Index up by more than 1% on Tuesday. The Dow Jones Industrial Average gained 258 points or 0.7% and the S&P 500 increased by 1.4%.The tech-focused Nasdaq …