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UK Service Sector Growth Moderates In September

British service sector growth remained strong in September, but the pace of expansion eased moderately since August, survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers' Index dropped to 53.9 in Read More →

U.S. Private Sector Job Growth Accelerates More Than Expected In September

Reflecting strong job growth in both the goods-producing and service-providing sectors, payroll processor ADP released a report on Wednesday showing a much bigger than expected increase in U.S. private sector employment in the month of September.Original Article Read More →

USD eyes NFP later today; Sentiment on Equities drops as more tightening in the horizon

Yield on the US 10-year treasuries broke above 3.2%, a 7-year high. Yields and treasury prices move in opposite directions so a fall in prices raises yields higher. The major equity market indices in the US were hit negatively as Read More →

Cryptocurrency Daily Roundup – Oct. 3

Cryptocurrencies are trading lower Wednesday morning as sentiment was damped by a slew of negative news, especially on the price of Bitcoin. Overall cryptocurrency market capitalization was $215.33 billion and the Bitcoin dominance rate was 52.1 percent on CoinMarketCap as Read More →

U.S. Service Sector Growth Unexpectedly Accelerates In September

Growth in U.S. service sector activity unexpectedly accelerated in the month of September, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its non-manufacturing index climbed to 61.6 in September from 58.5 in Read More →

Euro gains relief as Italy worries ebb

The euro bounced back from a six-week low on Wednesday following reports that Italy plans to reduce its budget deficit in the coming years gave some respite to the battered currency.

EURUSD climbed 0.35 percent to 1.1585 following its Read More →