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Risk aversion abates as US-China set to talk

The dollar nudged higher on Monday on confirmation that talks will be held this week between China and the United States, which investors hope will lead to an easing of their trade disputes.

The dollar against its major rivals Read More →

U.S. Labor Productivity Shows Substantial Increase In Q2

A report released by the Labor Department on Wednesday showed labor productivity in the U.S. spiked by more than expected in the second quarter, while unit labor costs unexpectedly decreased. The Labor Department said productivity shot up by 2.9 percent Read More →

U.S. Business Inventories Inch Up In Line With Estimates In June

A report released by the Commerce Department on Wednesday showed a modest uptick in U.S. business inventories in the month of June. The Commerce Department said business inventories crept up by 0.1 percent in June after rising by a downwardly Read More →

U.S. Homebuilder Confidence Edges Lower In August

Partly reflecting growing affordability concerns, the National Association of Home Builders released a report on Wednesday showing a modest deterioration in U.S. homebuilder confidence in the month of August.Original Article Read More →

Cryptocurrency Daily Roundup – Aug. 15

Cryptocurrencies have recovered and are trending upward Tuesday morning, after sliding sharply a day earlier. Bitcoin rebounded and is trading above $6,000. Some analysts attributed the rebound to the expiration of the CBOE Bitcoin futures on Wednesday.Original Article Read More →

US-China talks next week raise some hopes; USD inches lower and the Euro in support

US Dollar inches back after Wednesday’s 13-month highs, and has been receding up to this morning. On Thursday the US and China agreed to start trade talks between August 21 & 22, the announcement offered some respite to concerns that Read More →