Tag: Fed Minutes

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

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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

Pound Marks Second Week of Recovery But Fall Still Likely to Continue

Pound Marks Second Week of Recovery But Fall Still Likely to Continue

The release of minutes from the Feds December meeting enabled the pound to enjoy a second week of moderate increase against the U.S. currency, however there is still a long way for the pound to fall. Since Brexit the pound has continued to descend against the U.S. dollar, with few regions of increase along the bumpy … Continue reading Pound Marks Second Week of Recovery But Fall Still Likely to Continue

Chequered Trading Session for U.S. Shares

U.S. shares post modest results subsequent to their rise in yesterday's trading session on the weak dollar consequent of the release of minutes from the Feds December meeting. Shares in the U.S. performed well yesterday on the weakening of the dollar after the Fed released minutes from its December meeting, and traders and analysts attempted … Continue reading Chequered Trading Session for U.S. Shares

Dow Falls Further from 20,000, Reversing Recent Gains

Despite a series of modest rises over the past three consecutive trading sessions, the Dow has again dropped further from the 20,000 mark, despite a continued weakening of the U.S. dollar against many major currencies. Although gains had been made in the trading sessions of Monday, Tuesday and Wednesday of this week, the reversal of the … Continue reading Dow Falls Further from 20,000, Reversing Recent Gains

WTI and Brent Rise

WTI and Brent Crude were both up around 0.85% at 13:20 EST, following the trend of many dollar-denominated commodities subsequent to the release of minutes from the Feds December meeting. Brent crude oil, the global benchmark continued a consecutive day of gains, heading up from yesterday's upward close of $53.70/barrel, standing currently at 0.85% or $57.08/barrel, … Continue reading WTI and Brent Rise

Dollar Tumbles Against Yuan

Dollar tumbles as China’s central bank makes bold attempt to prevent increasing outflow of currency from the country. The dollar fell by 1.15% at 12:45 EST continuing a third consecutive trading session of losses against the Chinese yuan, with Tuesday’s being particularly severe, as the Chinese central bank makes efforts to prevent the yuan falling further, after … Continue reading Dollar Tumbles Against Yuan