The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world
U.S. Leading Economic Index Climbs In Line With Estimates In September
A report released by the Conference Board on Thursday showed a continued increase by its index of leading economic indicators in the month of September The Conference Board said its leading economic index climbed by 0.5 percent in September.
Philly Fed Index Indicates Slightly Slower Growth In October
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed manufacturing activity in the Philadelphia area grew at a slightly slower rate in the month of October.
U.S. Weekly Jobless Claims Edge Down To 210,000
First-time claims for U.S. unemployment benefits showed a modest decrease in the week ended October 13th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 210,000.
U.S weekly jobless claims fall
New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973, suggesting a further tightening in labor market conditions. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 210,000 for the week ended Oct. 13, the Labor Department […]
UK Retail Sales Decline On Food Sales
UK retail sales dropped more-than-expected in September reflecting the biggest decline in food store sales in almost two years, figures from the Office for National Statistics revealed Thursday. Retail sales including auto fuel fell 0.8 percent month-o…
European Economics Preview: UK Retail Sales Data Due
Retail sales from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, Destatis releases Germany’s wholesale prices for September. Prices had increased 0.3 percent on month in August.
Fed Continues To Favor “Gradual Approach” To Raising Rates
Amid recent concerns the Federal Reserve may raise interest rates more aggressively than currently anticipated, the minutes of the central bank’s September monetary policy meeting showed members continue to favor a “gradual approach” to hiking rates.
USD/JPY – Japanese yen edges higher, investors await Fed minutes
The Japanese yen has posted slight gains in Wednesday trade. In the North American session, the pair is trading at 112.04, down 0.20% on the day. On the release front, construction indicators missed the estimates. Building Permits ticked up to 1.24 million, shy of the estimate of 1.27 million. Housing Starts slipped to 1.20 million, missing the […]
Cryptocurrency Daily Roundup – Oct. 17
Bitcoin and its peers are trading lower Wednesday after a mixed performance a day earlier, and the relative calm in the market has made analysts wonder if the top cryptocurrency has hit a bottom and is now preparing for a rally.
U.S. Housing Starts Pull Back Sharply, Building Permits Unexpectedly Drop
After reporting a substantial increase in new residential construction in the previous month, the Commerce Department released a report on Wednesday showing a bigger than expected pullback in U.S. housing starts in the month of September.