Written by Gary
As expected, volatility was the key word following the Fed's two-day policy setting committee meeting. It said, it sees improvement in the labor market with 'solid job gains,' and declining unemployment. Wall Street held on to gains which did not give investors more clarity on when the central bank is likely to begin raising interest rates. Markets Closed solidly in the green with the DOW closing up 121 points.
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Stunning time-lapse footage captured from the International Space Station, filmed on July 17 and released on Monday, shows thunderstorms hovering over the east coast of the US
Infographic Of The Day: Workplace Video Conferencing Reinvented
Video conferencing has long promised to change how we communicate, but most are still waiting for a good solution for widespread video conferencing in the workplace.
FOREX NEWS by DailyForex
Markets have a way of switching gears almost overnight and that is what seems to be happening in Asia.
The US Dollar edged higher against the Japanese Yen as investors dismiss the recent rout in Chinese equities and as speculation grows that the U.S. could soon see a rise in interest rates.
The big question hanging in the air this week is whether or not the Fed will officially schedule a date for the interest rate increase which it has been predicting for the last few months.
When we talk about the euro, we usually don’t consider the United Kingdom as a dominant presence in the discussion. After all, despite being a member of the Eurozone group, London has opted to keep the Pound Sterling as her local currency.
The Euro had been gathering steam and had earlier struck a 2-week peak versus the US Dollar as traders awaited the release on German business sentiment. Germany, as the largest economy in the Euro area, essentially drives the remainder of the Eurozone and largely sets sentiment for the common currency.
29Jul2015 Market Update: Markets Climb Higher In Afternoon Trading Ahead Of Fed FMOC Minutes, Oil Melting Up And U.S. Dollar Seesawing Upwards
by Simon Mabon, The Conversation
Between 03.40 and 03.53 on July 24, three Turkish F-16 jets bombed three Islamic State targets in Syria. This was the first time the Turkish military has taken direct action against the terrorist group.
Written by Gary
Markets opened flat, seesawing sideways, then pushed upwards until the DOW was up triple digits. WTI oil climbed back up into the mid 49's ahead of the Fed's FOMC announcement.
29Jul2015 Pre-Market Commentary: U.S. Futures Flat, Oil Off Lows, FMOC Minutes This Afternoon May Jo
28Jul2015 Market Close: DOW Closes Higher, WTI Oil Closes In Support Area, Short Term Indicators Bul
29 July 2015 FOMC Meeting Statement: Still No Clue to When the Federal Funds Rate Will Be Raised. Economic Growth Rate Appears Unchanged.
Econintersect: The Federal Open Market Committee (FOMC) - the board of directors of the Federal Reserve continued to give no clues as to when they will raise the Federal Funds rate. They stated ....
This is the same words used in the previous statement in June which would indicate the FOMC is not seeing any change in the rate of economic expansion.