Author: Pegasus Lonestar

Optimism High of Dow 20,000 in Next Trading Week

Optimism High of Dow 20,000 in Next Trading Week

The Dow Jones Industrial Average came within a decimal point of reaching the coveted 20,000 mark Friday, after a poor start to the trading session. Since late November traders and analysts have been predicting the Dow to hit the 20,000 mark each week, to no avail. However, on Friday the index rose within a decimal … Continue reading Optimism High of Dow 20,000 in Next Trading Week

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U.S. Dollar Ends Week Down Against Yuan

U.S. Dollar Ends Week Down Against Yuan

The U.S. dollar concluded the trading week down against the Chinese currency after Beijing attempts to stem currency outflows from the country, in an effort to prevent further reductions in the value of the yuan. Beijing has implemented new mechanisms of preventing currency outflow from China, most notable of which are increased controls on outbound … Continue reading U.S. Dollar Ends Week Down Against Yuan

Optimism on OPEC Deal Remains High

Optimism on OPEC Deal Remains High

Despite a chopping trading session Friday, oil closed its the first trading  week of 2017 at an increase as traders and analysts remain confident in the capacity of OPEC to keep their word regarding the promised supply cuts ironed out in November 2016. Many analysts had been sceptical the oil cartel would keep to the promised … Continue reading Optimism on OPEC Deal Remains High

Dollar Reverses Losses Against Pound from Previous Trading Sessions

Dollar Reverses Losses Against Pound from Previous Trading Sessions

The dollar rose against many of the currencies it sustained losses against in the wake of Wednesday's release of minutes from the Feds December meeting, from which investors and analysts were attempting to deduce the possibility of an interest rate increase in 2017. Despite incurring a significant drop against the British pound in the two … Continue reading Dollar Reverses Losses Against Pound from Previous Trading Sessions

Gold Falls on Stronger Dollar

Gold and other dollar-denominated commodities fell as the dollar rose on strong wage growth figures released Friday, from December 2016's jobs report. Despite a slight increase in joblessness, with a rise from the 4.6% unemployment rate in November 2016, to 4.7% in December, wage growth propelled the dollar upward, reversing many of the losses it has … Continue reading Gold Falls on Stronger Dollar

Dow Nears the 20,000 Mark

Dow Nears the 20,000 Mark

Whilst wage gains remained historically moderate, the 2.9% increased experienced in December 2016, as revealed in the U.S. jobs report issued Friday, aided in pushing U.S. stocks higher, and the Dow within single-digit points of the 20,000 mark. Many U.S. stocks surged on the U.S. wage growth revealed in the jobs report this Friday regarding December 2016. … Continue reading Dow Nears the 20,000 Mark

U.S. December Job Growth Poorer than Expected

U.S. jobs data was poorer than many analysts had been expecting, with a gain of 156,000 jobs in December, and the unemployment rate rising to 4.7%, representing a 0.1% increase from November 2016. However, U.S. unemployment spent 2016 at record lows, with the highest figure posted apparent in March and April, when jobless figures rose to … Continue reading U.S. December Job Growth Poorer than Expected