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The two ride sharing companies announced this week their latest quarterly financial results, for the third quarter of the year

The Fed has a dual mandate to achieve price stability and maximum employment. In this regard, we have seen progress on both fronts. However, the employment market still has room to move before the Fed will be comfortable in terms of its mandate. A broad measure of unemployment in the US is the U6 unemployment rate (as opposed to the often quoted U3 measure). U6 includes discouraged, underemployed, and unemployed…

The Bank of England did not raise rates from 0.1% on Thursday, as it handed down its monetary policy, with two officials dissenting in favor of rate hikes, while the Quantitative Easing program stayed at £895 billion

The popular lodging platform releases its financial results for the third quarter of the year on Thursday November 4 after the US markets close, following an impressive Q2 report

Oil is up around 60% for 2021 and has a current price of approximately $82/barrel (Brent). OPEC+ is due to meet today and market participants don't expect a change to the current output schedules. This despite President Biden and allies encouraging producers with spare capacity to increase production. There is general alarm around inflation and the current call of "transitory" is debated. As such, a cap on oil prices will…

The US Federal Reserve announced on Wednesday the tapering of its Quantitative Easing program (QE) by $15 billion/month, to begin later in November. However, this was largely dovish, as the bank did not commit to the tapering pace beyond December and did not link the unwinding its asset purchases with future rate hikes, delivering overall the minimum of what was expected. The US Dollar dropped on the news, sending the…

The US Federal Reserve maintained rates at 0-0.25% on Wednesday and announced a $15 billion/month reduction in asset purchases, to begin within this month - $10 billion will be Treasury securities and $5 billion will be mortgage backed securities

Investors keenly await today’s monetary policy decision from the US Federal Reserve, but on Thursday, focus will shift to its UK peer, the Bank of England (BoE), for a potentially consequential meeting

Past performance is not an indicator of future results The above shows FXCM's USDOLLAR basket on a weekly chart. Given the expectations of a tapering announcement from the FOMC statement today, the analysis here is important. Last week's candle is a potential swing low reference candle (aqua arrow). To be considered as such, this week's candle will need to close above the reference candle's high (aqua horizontal line). The FOMC…

Unemployment in New Zealand dropped to 3.4% during the third quarter, compared to 4% in Q2, making easier for the country’s central bank (RBNZ) to continue down its tightening path

Markets appear to be cautious ahead of the Fed’s potentially consequential monetary policy decision later in the day, as the Eurodollar consolidates following Tuesday’s slide