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"December's increase in consumer confidence reflected more positive ratings of current business conditions and job availability," said Dana Peterson, chief economist at The Conference Board, the research group that published the survey. The largest gains were seen among householders aged 35-54, "and households with income levels of $125,000 and above," she added.
Stephen Guilfoyle in his Market Recon column writes how PPI suddenly matters to the markets and that a steady rise in weekly continuing jobless claims should matter to the markets; he also covers the feds blocking Microsoft's acquisition of Activision Blizzard and the hammering of Lululemon's stock....MSFT
Upbeat Australian employment data partially offset a dismal market’s mood. The US Federal Reserve doubled tapering in its December meeting, as expect
The ECB and the US Federal Reserve announced tapering measures to tame inflation. Macroeconomic data hint at a steeper slowdown in economic progress
Jan 19, 2021 19:02 GMTFXStreet News GBP/USD has crawled above the 1.3600 level in recent trade and currently trades close to highs of the day in the 13620s. The main event of the day has been Yellen’s testimony to Congress, which did not deliver fireworks. The latest daily UK Covid-19 statistics were mixed. GBP/USD has crawled above the 1.3600 level in recent trade and currently trades close to highs of the day in the 13620s, up about 0.3% or 40 pips on the day. The move has primarily been driven by USD weakness; the Dollar Index has dropped back below the 90.50 mark from earlier weekly hig...