On Friday, currency futures rallied as the dollar dropped to a six-week low due to disappointing job creation data. The jobs report reinforced expectations that the Federal Reserve would likely keep interest rates stable at its December meeting. The greenback was down 1.4% for the week, marking its worst weekly performance since July. US employment Read More…
Amidst the stock market disruption due to coronavirus pandemic, the paradigm of the financial market is shifting towards a new direction. Despite slow consumerism over the past few weeks, the optimism to resume the economic structure continues to lift the spirits of companies. Apart from the plunge of numerous stocks, the market saw the rise Read More…
Investors are nearly convinced that the Federal Reserve will deliver a modest interest rate increase next week. Money market traders believe the Fed will only raise interest rates twice this year. Analysts predict that the overall S&P 500 fourth-quarter earnings will decline by 3% yearly. Equities held onto their gains on Tuesday after rallying the Read More…