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  • H.S. Borji

    US consumer confidence surged in July, rising to the highest level in nearly seven years as faster than forecast job creation helped boost consumers’ assessment of the current economic situation. The Conference Board’s gauge of consumer confidence surged from 86.4 to 90.9 in July, far surpassing estimates calling for 85.5. The June reading was revised

  • Forex » EUR/USD Slumps after Temporary Relief
    June 13, 2014, 23:21 GMT

    The euro weakened against its US counterpart Friday, as demand for the greenback improved despite disappointing producer inflation and consumer sentiment data. The EURUSD declined 0.16 percent to 1.3530 following an intraday high of 1.3579. The pair is supported at 1.3818. On the upside, initial resistance is found at 1.3580. The pair is pacing for

  • The euro declined further against its US counterpart Friday, as investors found an excuse to bid up the greenback amid rebounding US home sales. The EURUSD declined 0.18 percent to 1.3631, a four-month low. Friday marked the fourth consecutive decline for Europe’s common currency, which continues to be hampered by mixed data and rate cut

  • US consumer confidence will be put to the test this week, as reports on retail sales and consumer sentiment are scheduled for release. The Commerce Department on Tuesday will release April retail sales data. Retail revenues increased 0.4 percent in April, following a 1.1 percent rebound the prior month that was the strongest since September

  • H.S. Borji

    US consumer confidence eased slightly in April, as Americans were less optimistic about the labour market and overall business climate. The Conference Board’s consumer confidence index fell from 83.9 to 82.3 in April. Economists in a Reuters poll forecast a reading of 83. Consumer confidence, which measures personal confidence in economic activity, is used to

  • The US dollar index was on its heels Monday, as investors shift their attention to a potentially volatile week of trade headlined by the Federal Reserve monetary policy meetings. The US dollar index was down nearly 0.1 percent at 79.69. The gauge has declined more than 0.3 percent over the past five sessions, as mixed

  • Forex » US Consumer Confidence Rises Higher
    April 11, 2014, 16:26 GMT

    The key monthly Reuters / Michigan Consumer Sentiment Index has come in at 82.6 against a previous months reading of 80 and a consensus estimate of 81.0, these is a preliminary reading and will be revised later next week. This statistic compiled jointly by Reuters and the University of Michigan reflects consumer confidence in the

  • H.S. Borji
    Forex » ADP Employment Report Pending
    H.S. Borji - April 1, 2014, 13:49 GMT

    The ADP Institute will publish private payroll employment data Wednesday, giving investors an advance estimate of US job creation. The ADP Institute could show the US private sector added more than 190,000 jobs last month, a sign the labour market was rebounding after a subdued winter. Private payrolls in February rose at a seasonally adjusted

  • H.S. Borji

    US consumer confidence slipped in March, as more Americans were concerned about the overall health of the economy following a difficult winter. The consumer confidence index, courtesy of Thomson Reuters and the University of Michigan, was revised upward from 79.9 to 80 in March, but remained well below the reading of 81.6 the month before.

  • Business » US Retail Sales Rebound in February
    March 13, 2014, 16:38 GMT

    US retail sales rebounded in February, a sign the economy is regaining momentum after inclement weather weighed on activity in recent months. Retail revenues increased 0.3 percent percent in January, after a revised 0.6 percent drop the previous month, the Commerce Department reported today. A consensus of economists in a Reuters survey forecast a gain

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