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Monthly archive August, 2018

U.S. Factory Orders Growth Matches Estimates In June

A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured goods increased in line with economist estimates in the month of June. The report said factory orders climbed by 0.7 percent in June after rising Read More →

Cryptocurrency Daily Roundup – Aug. 2

Cryptocurrencies are in the red Thursday morning, extending the declining trend witnessed since the start of the week. Bitcoin remains below $8,000. As of 10.21 am ET, cryptocurrency market capitalization was $266.8 billion on CoinMarketCap.Original Article Read More →

U.S. Private Sector Job Growth Exceeds Estimates In July

With the release of the Labor Department's more closely watched monthly jobs report looming on Friday, payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much more than expected in the month Read More →

USD enjoys support as US-China trade tensions re-surface; NFP will likely set the tone for the end of week

US Dollar looks set to close another week in positive. The USD Dollar index (DXY) measuring the strength of the USD against a basket of currencies, enters what seems to be a fourth consecutive day in support at least up Read More →

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 →