Tag: Fed

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

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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

Euro Continues Gain Against Dollar

The euro continued its gain against the U.S. dollar with a rise of 1.02% at 12:22 EST, continuing from Wednesday's trading session, in which the currency closed up 0.85166 against the dollar, pushing against three consecutive days of losses in trading sessions in the days prior to the release of minutes from the Feds December … Continue reading Euro Continues Gain Against Dollar

Buoyancy From Weak Dollar Pushes Gold Higher

The rise of many dollar-denominated commodities in Wednesday's trading session has continued into Thursday's, with a rise of 1.64% to 1,182.01 at 16:52 GMT. A falling dollar aided in pushing many dollar-denominated commodities higher in Wednesdays trading session, subsequent to the release of minutes from the Feds December meeting. With traders and analysts eager to detect … Continue reading Buoyancy From Weak Dollar Pushes Gold Higher

Pound and Euro Rise Against Dollar

After taking a beating in recent trading sessions, the British pound has manged to reclaim some ground against the U.S. dollar in the wake of the release of the minutes from the Feds December meeting. Rising by 0.55% at 19:45 GMT, the pound now sits around the 1.23040 mark against the dollar, managing to scrape … Continue reading Pound and Euro Rise Against Dollar

Commodities Rise on Fed Minutes

Commodities experience gains across the board as the minutes from the Feds December meeting are released. Energy: WTI and Brent posted modest rises after significant drops in Tuesday's trading session.  With Brent, the global benchmark, experiencing a rise of 1.69% and WTI Crude a rise of 1.72% at 19:25 GMT. Natural gas however experienced a … Continue reading Commodities Rise on Fed Minutes