Overall Economic ActivityEconomic activity increased in most of the U.S., with eight of twelve Federal Reserve Districts reporting modest to moderate growth. Nonauto retail sales grew modestly, as several Districts reported more holiday traffic compared with last year. Auto sales were flat on balance. The majority of Districts indicated that manufacturing expanded, but that growth
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The NAHB/Wells Fargo Housing Market Index climbed two points in January, “as a significant decline in mortgage rates helped to reverse the prior two months’ 12-point plunge”, explained analysts at Wells Fargo.  Key Quotes:  “Builder confidence slightly exceeded expectations, rising two points to 58. The housing market has received a much needed reprieve from higher
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(photo credit: Getty)Getty Make no mistake, hardly anyone in the British government, elected or otherwise, wants a Brexit. It’s the electorate that wanted a Brexit and it was and is highly unlikely they will get one. Back when the vote went through, I predicted Brexit wouldn’t happen for the simple reason that only a small
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WordPress is launching a new publishing platform backed by Google, ethereum development studio ConsenSys and more, and notably blockchain tools will be built in. Announced Monday, the new product – Newspack – is described as an “inexpensive” platform offering technology and support for small- and medium-sized news organizations. Google led Newspack’s funding, with a $1.2
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Navigating the markets can be somewhat tricky, to say the least. Traders often speak of long working hours and high-stress levels as they tackle continuous volatility and practice those all-important trading strategies. Knowing when to enter and exit a trade takes great concentration, but as well as putting your all into decision making and market
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What’s moving markets Wednesday With the exception of some Kiwi underperformance, absent of any known catalyst, currencies were mostly sideways in a quiet Wednesday performance. US equity futures were also mostly content consolidating recent gains, though whatever price action we did see, was mildly Dollar bullish and risk on. [embedded content] ForexLive
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The big event on the American economic calendar today was supposed to be the release of retail sales data by the Census Bureau at 08:30 EST (14:30 CET). However, due to the shutdown, the data won’t be released and has been rescheduled until after the shutdown. Since a specific new data hasn’t been given, here’s
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US Dollar Index price, news and analysis: The US Dollar is continuing its recent advance despite an unhelpful news background. That suggests its gentle climb higher may continue for a while yet. USD Index climb could extend higher The US Dollar index (DXY) is proving resilient despite an unhelpful news background, implying that its advance
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Latest data released by Istat – 16 January 2019 Final CPI +1.1% vs +1.1% y/y prelim Final HICP -0.1% vs -0.1% m/m prelim Final HICP +1.2% vs +1.2% y/y prelim ForexLive Slight delay in the release by the source. Preliminary readings can be found here. All in-line with initial estimates. Nothing to really gather from
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In line with expectations, Theresa May’s Brexit bill was voted down in Parliament yesterday. However, the scale of motion against her far surpassed expectations with the PM suffering a massive 432 to 202 vote defeat. The loss is a major blow to May who has fought tooth and nail to secure a Brexit deal, even
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