Forex News
Australia Building Approval Data Due On Monday
Australia will on Monday release July figures for building approvals, highlighting a modest day for Asia-Pacific economic activity. Approvals are expected to rise 9.8 percent on year, steady from the June reading.
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51 days ago
U.S. Dollar Continues To Recover From Recent Weakness
Continuing to recovery from recent weakness, the value of the U.S. dollar has moved moderately higher during trading on Friday.
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53 days ago
India GDP Growth Slowest In 5 Quarters
India's economy grew at the slowest pace in five quarters in the three months to June, as a slowdown in farm output, and a slump in government spending offset the gains in manufacturing and private consumption. Gross domestic product grew 6.7 percent year-on-year following a 7.8 percent increase in the March quarter, preliminary figures from the country's statistical office showed Friday.
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53 days ago
Swiss Market Ends Higher Again
The Switzerland market ended higher on Friday, extending gains to a third straight session, as encouraging European and U.S. economic data and optimism about interest rate cuts helped underpin sentiment.
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54 days ago
European Stocks Close On Mixed Note
European stocks closed on a mixed note on Friday with several markets holding near multi-month and multi-week, or even record all-time highs, with investors largely reacting positively to regional and U.S. economic data.
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54 days ago
Canadian Market Marginally Down In Cautious Trade
The Canadian market is down in negative territory a little past noon on Friday, having retreated after edging up a bit early on in the session. Though positive Canadian GDP data and U.S. inflation report aid sentiment, the mood remains a bit cautious with investors looking ahead to U.S. Personal income & spending data due on Friday.
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54 days ago
U.S. Dollar Spikes Up After PCE Data
The U.S. dollar firmed against its major counterparts in the New York session on Friday, as a key inflation reading matched expectations, supporting expectations for a rate cut next month.
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54 days ago
more news
U.S. Consumer Sentiment Improves Slightly More Than Previously Estimated In August
Consumer sentiment in the U.S. improved by slightly more than previously estimated in the month of August, the University of Michigan revealed in a report released on Friday. The University of Michigan said its consumer sentiment index for August was upwardly revised to 67.9 from the preliminary reading of 67.8.
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54 days ago
UK Mortgage Approvals Near 2-Year High
UK mortgage approvals increased to a 22-month high in July as hopes of further interest rate cuts lured buyers to the housing market, data released by the Bank of England revealed Friday. Net mortgage approvals for house purchase rose to 62,000 in July from 60,600 in June. This was the highest since September 2022 and also exceeded economists' forecast of 60,500.
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54 days ago
Chicago Business Barometer Rises But Still Indicates Contraction In August
A reading on Chicago-area business activity saw a modest increase in the month of August but continues to indicate contraction, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer crept up to 46.1 in August from 45.3 in July, but a reading below 50 still indicates contraction.
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54 days ago
U.S. Consumer Prices Increase In Line With Estimates In July, Annual Growth Unexpectedly Flat
A highly anticipated report released by the Commerce Department on Friday showed U.S. consumer prices increased in line with economist estimates in the month of July, while the annual rate of price growth was unexpectedly flat. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching up by 0.1 percent in June.
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54 days ago
German Unemployment Rises Less Than Forecast
German unemployment increased less than expected in August despite weak economic activity, official data revealed Friday. The jobless rate stood at 6.0 percent in August, the same rate as seen in July and June, the Federal Employment Agency reported.
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54 days ago
U.S. Consumer Prices Increases In Line With Estimates In July
A highly anticipated report released by the Commerce Department on Friday showed U.S. consumer prices increased in line with economist estimates in the month of July, while the annual rate of price growth was unexpectedly flat.
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54 days ago
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