Trading Forex

ECB Lifts Economic Growth Forecasts for 2017 to 2.4%

Posted on

The European Central Bank (ECB) has lifted its economic growth forecasts as growth across the eurozone picks up. It now expects the eurozone’s economy to grow 2.4% this year, ahead of its previous guidance of 2.2%. The bank also kept its main interest rate at zero and confirmed its asset purchase programme would drop from […]

Trading Forex

IMF Warns Emerging Market Portfolio Flows to Suffer as Fed Tightens

Posted on

A key question facing global investors today is what impact the US Federal Reserve’s monetary policy normalization process will have on capital flows to emerging markets. The IMF’s new model estimates show that normalization—raising the policy interest rate and shrinking the balance sheet—will likely reduce portfolio inflows by about $70 billion over the next two […]

Trading Forex

USD/JPY – Yen Edges Higher, Investors Eye Tankan Indices

Posted on

USD/JPY has posted slight gains in the Thursday session. In North American trade, USD/JPY is trading at 112.64, up 0.10% on the day. On the release front, Japanese indicators were positive. Flash Manufacturing PMI improved to 54.2, and  Revised Industrial Production rebounded with a gain of 0.5%, matching the forecast. Later in the day, Japan releases the […]

Trading Forex

Canada: New Housing Price Index, October 2017

Posted on

Ottawa was the only market with notable growth in new house prices in October. The national figure was moderated by unchanged prices in more than half of the surveyed cities. New Housing Price Index, monthly change Prices for new homes in Ottawa rose 1.0% in October compared with a national average of 0.1%. Builders in […]

Trading Forex

U.S Retail Sales Increase Strongly in November

Posted on

U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy. The Commerce Department said on Thursday that retail sales rose 0.8 percent last month. Data for October was revised to show sales gaining 0.5 percent instead of the […]

Trading Forex

CAC Lower as ECB Maintains Rates at 0.00%

Posted on

The CAC index has posted losses in the Thursday session. Currently, the index is at 5380.80, down 0.35% on the day. In France, Final CPI remained unchanged at 0.1%, matching the forecast. Manufacturing PMI accelerated for a seventh straight month, improving to 59.3 points. This easily beat the forecast of 57.2 points. The news was […]

Trading Forex

UK Gets Unexpected Boost From Black Friday Sales

Posted on

British shoppers pounced on electrical goods and other Black Friday bargains last month, giving an unexpectedly big boost to retail sales, which contrasted with earlier signs of a subdued start to Christmas spending.Consumers have been squeezed through most of this year by rising inflation which hit its highest in nearly six years last month, at […]

Trading Forex

Chances of Disorderly Brexit Reduced According to BoE

Posted on

Last week’s breakthrough in Brexit talks has reduced the risk of Britain leaving the European Union in a disorderly way and may boost economic confidence, the Bank of England said on Thursday after it left interest rates unchanged.BoE policymakers voted unanimously to keep rates at 0.5 percent as expected, a month after raising them for […]

Trading Forex

BoE Leaves Interest Rates at 0.5%

Posted on

The Bank of England’s (BOE) Monetary Policy Committee (MPC) voted 9-0 on Thursday to keep its monetary policy unchanged, leaving the U.K. interest rate at 0.5 percent in a result widely expected by markets.The focus now moves to inflation, which is at a five-and-a-half-year high, putting pressure on the bank to raise interest rates in […]

Trading Forex

Putin Plans Independent 2018 Run

Posted on

Russian President Vladimir Putin has told an annual end-of-year press conference that he will run for president in early 2018 as an independent candidate.At Putin’s annual question and answer session with Russian and foreign media in Moscow on Thursday, the president was asked by a journalist from the Kommersant newspaper who he was running with […]