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GBP/USD seems vulnerable below 1.3000, its lowest level since August 20 – FXStreet

GBP/USD consolidated a modest decline spurred by the UK CPI on Wednesday, hitting its lowest level in more than two months. Bets that the BoE will cut interest rates in November are weighing on the pound and major currencies as the dollar strengthens. Expectations that the Fed's aggressive easing policy will be eased favor USD […]

Biden Speaks to Netanyahu for First Time Since August

Despite the escalating war in Lebanon and Iran's missile attack on Israel last week, President Joe Biden spoke directly with Israeli Prime Minister Benjamin Netanyahu on Wednesday for the first time since August. Biden has made no secret of his distaste for Israeli leaders, and the White House was furious last month when Netanyahu ordered […]

Factory Orders Decline Again in August Ahead of Election

Orders for industrial products fell 0.2% in August, the Commerce Department said Thursday, following a notable increase in the previous month. The decline marks the third decline in orders in the past four months and signals continued difficulties in manufacturing. Economists had expected orders to be flat in August, reflecting a cautious outlook amid a […]

Inflation measure closely watched by the Fed fell to 2.2% in August

Brian Levitt, global market strategist at Invesco, said at Barron's Roundtable that inflation has returned to its comfort zone. Inflation measures closely watched by Fed policymakers continued to slow in August as the pace of price increases trended closer to the Fed's target. The Personal Consumption Expenditures (PCE) price index released by the Department of […]

Trump Takes 1-Point Lead over Kamala in Quinnipiac Poll; 2-Point Swing Since August

Nationally, President Donald Trump holds a one-point lead in the left-leaning Quinnipiac University poll, within the margin of error, and his approval rating has risen by two points since late August and since the presidential debates. Quinnipiac explained: press release: With 41 days until Election Day, the presidential race remains very close, with former President […]

House GOP campaign arm lags behind Democrats in August

The Republican National Congressional Committee (NRCC), the House Republican campaign arm, lagged behind the Democratic campaign arm.s New reports suggest it raised more than $12 million in funding in August. The Democratic Congressional Campaign Committee (DCCC) raised $22.3 million in August, according to Federal Election Commission (FEC) reports. The committee spent nearly $27 million last […]

Retail Sales Unexpectedly Rose in August, Lowering Chances of a Bigger Rate Cut

U.S. consumers unexpectedly increased spending in August, defying expectations that a softening labor market would dampen retail purchases. Retail sales rose 0.1% in August, Commerce Department data released Tuesday showed, after an upward revision to a 1.1% increase the previous month. While rising sales are unlikely to derail the Federal Reserve's plans to cut interest […]

Border Patrol apprehends 58K migrants in August, down from record 250K in December

As the November presidential election approaches, U.S. Customs and Border Protection (CBP) announced that the annual number of migrants at the southern border is expected to be the lowest since the end of the Trump administration, while the total number of deportations and removals over the past year is exceeding Trump administration levels. The agency […]