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U.S. Manufacturing Index Indicates Slower Growth In July

Partly reflecting slowdowns in new orders and production growth, the Institute for Supply Management released a report on Wednesday showing growth in U.S. manufacturing activity slowed by more than anticipated in the month of July.Original Article Read More →

Fed Leaves Interest Rates Unchanged, Calls Economic Growth “Strong”

Following a two-day meeting of the Federal Open Market Committee, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged. Citing realized and expected labor market conditions and inflation, the Fed said it decided to Read More →

Dollar stays solid ahead of FOMC

Stocks rose on Tuesday after a report said the U.S. and China are seeking talks to defuse an escalating trade conflict between the two countries. Equities also posted their biggest monthly gains since the start of the year.

The Read More →

U.S. Construction Spending Unexpectedly Slumps 1.1% In June

Construction spending in the U.S. showed a significant decrease in the month of June, according to a report released by the Commerce Department on Wednesday. The Commerce Department said construction spending slumped by 1.1 percent to an annual rate of Read More →

U.S. Consumer Confidence Shows Modest Rebound In July

After reporting an unexpected deterioration in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing a modest rebound in consumer confidence in the month of July. The Conference Board said its consumer confidence Read More →

USDJPY initial sell-off quickly fading as the currency pair heads higher; JPY weakens

In BoJ’s earlier anouncement today, the japanese central bank kept policy rates unchanged but allowed for more flexibility in its long term yield target. It is a minor change but in essence it allows for long term yeilds to go Read More →