New home sales in the U.S. showed a substantial decrease from an upwardly revised level in the month of October, according to a report released by the Commerce Department on Wednesday. The Commerce Department said new home sales plummeted by 8.9 percent to an annual rate of 533,000 in October. more...
In a highly anticipated speech before the Economic Club of New York on Wednesday, Federal Reserve Chairman Jerome Powell described the current level of interest rates as "just below" neutral following a series of rate hikes this year. more...
European Central Bank Governing Council member Jozef Makuch will step down as the Slovak central bank governor on March 1, 2019, the National Bank of Slovakia said in a statement on Tuesday. more...
October ended with the Euro seemingly set to suffer deeper losses against the US Dollar. A look at the monthly chart reveals prices breached range top resistance-turned-support centered around the 1.15 figure – a pivotal inflection point since May 2015 – to suggest that a move toward a four-year range floor near 1.05 may well be in the cards in the months ahead. The bearish bias remains upon examination of more actionable positioning on ...
The European Central Bank is widely expected to maintain status quo on conclusion of its policy session on Thursday as the recent developments, some slightly dismal, are too insignificant to warrant a change of course. Meanwhile, ECB President Mario Draghi is likely to adopt a slightly more dovish tone as core inflation is yet to show any sharp pick-up that the bank expected earlier. more...
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