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GDP decrease, Weekly jobless Claims increase!
Economic growth slowed, Markets growth higherAnother increase in the weekly Jobless claims happened to have the claims missing the estimates seven weeks out of the past eight weeks. On the other hand, US GDP in the second quarter grows just 6.5%, way...
Inventory fall to stabilize the Oil Market
Summer demand pays-offLast night's and today's API and EIA reports confirmed another fall in US weekly Oil inventories. Before going forward, let's check the detail of this report. According to Energy Information Administration's report, Crude O...
Facebook Earnings Data and preview!
Facebook eyes on Ads, as Google did! Facebook, Inc. is expected to report earnings on Wednesday, 28 July 2021, after market close for the second quarter ending Jun 2021. According to Zacks Investment Research, based on 13 analysts' forecasts, th...
Market open lower, what just happened?
Sell-off started or just correction?Wall Street opened lower today as the Chinese stock market sell-off and the US weaker than expected data lead the market emotions! Despite Yesterday's favorable report of Tesla, and while the market is waiting...
DXY ahead of FOMC meeting
Choppy market and Risk appetite! Yesterday US dollar index fell sharply for different reasons. Firstly economic data. One of the data that caused the dollar to weaken was the June new home sales data in the United States. According to the U...