USD/INR Edges Up At Open Ahead Of US
The Indian Rupee (INR) ticks down at open against the US Dollar (USD) on Friday. Broadly, the USD/INR pair trades sideways above 88.00 after posting a fresh all-time high earlier this week.
WTI Declines Below $63.00 As Weekly EIA Crude Inventories Unexpectedly Build
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.95 during the early Asian trading hours on Friday.
Markets Stride Higher On Rate Cut Expectations
Market indexes caught their stride today, shrugging off another weak jobs report from ADP (ADP) this morning, which was offset somewhat by a strong Q2 Productivity report and lower Unit Labor Costs.
The Juggler
In a perfect world, I would hardly ever mention the term “interest rates”. It’s not a particularly important concept in macroeconomics, where variables such as nominal GDP, average wages and employment are the key factors.
Gold & Silver Sell Off After This Week's Furious Rally
The precious metals selloff finally arrived on Thursday after a furious rally to start the week. Although don't start your weekend early, because we still do have the latest labor report coming out tomorrow morning.