Forex News
New Zealand Retail Sales Climb 1.7% In Q4
Thu, 22 Feb 2018 22:45:16 GMT
The total volume of retail sales in New Zealand jumped a seasonally adjusted 1.7 percent on quarter in the fourth quarter of 2017, Statistics New Zealand said on Friday.
CEA Chair Hassett: Stock market volatility to be expected
Thu, 22 Feb 2018 20:04:00 GMT
CNBC's Eamon Javers reports on CEA Chair Kevin Hassett's comments about market volatility and the U.S. dollar.
Santelli Exchange: US 10-year Treasury yield retreats from 4-year high
Thu, 22 Feb 2018 16:45:00 GMT
Description CNBC's Rick Santelli reports on the moves in the bond market following yesterday's Fed minutes.
Commodities tomorrow: Crude bounces on surprise drawdown
Thu, 22 Feb 2018 16:00:00 GMT
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
Santelli Exchange: Former Treasury counsel on a ‘rogue Treasury Department’
Thu, 22 Feb 2018 15:48:00 GMT
CNBC's Rick Santelli and Peter Wallison, former U.S. Treasury counsel and AEI senior fellow for financial policy, discuss the Treasury Department's policy positions on deregulation.
U.S. Leading Economic Index Jumps More Than Expected In January
Thu, 22 Feb 2018 15:12:06 GMT
Pointing to robust economic growth in the first half of 2018, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of January. The Conference Board said its leading economic index jumped by 1.0 percent.
Nasdaq closes lower for fourth straight day, S&P 500 hangs on to slight gain
Thu, 22 Feb 2018 14:30:00 GMT
The Nasdaq composite closed lower for a fourth straight day, notching its longest losing streak since November 2016.
ECB Saw Altering Policy Communication Now As 'Premature', Minutes Say
Thu, 22 Feb 2018 14:23:54 GMT
Policymakers at the European Central Bank judged that it was too early to change the policy communication despite the increased confidence that inflation would move near its target, minutes of the latest policy session showed Thursday. "Communication would evolve naturally in line with the ECB's forward guidance" as inflation progress towards the target, the minutes said.
U.S. Weekly Jobless Claims Unexpectedly Dip To 222,000
Thu, 22 Feb 2018 14:01:51 GMT
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 17th. The report said initial jobless claims dipped to 222,000, a decrease of 7,000 from the previous week's revised level of 229,000.
Cryptocurrencies Fuel Cybercrime: Report
Thu, 22 Feb 2018 13:39:59 GMT
Cryptocurrency is one of the key factors that fuel cybercrime, which cost the global economy $600 billion in 2017, or 0.8 percent of global GDP, a new report says. The report, based on a study conducted jointly by computer security giant McAfee and the Center for Strategic and International Studies (CSIS), points to the alarming magnitude of the global economic impact of cybercrime.
German Ifo Business Sentiment Falls More Than Forecast
Thu, 22 Feb 2018 12:44:49 GMT
Germany's business confidence weakened notably in February as near term outlook of firms deteriorated on political uncertainty and market turmoil, survey data from the Munich-based Ifo Institute showed Thursday. The business sentiment index fell more-than-expected to 115.4 from 117.6 in January. The score was expected to ease to 117 in February. A similar lower reading was last seen in September.
UK GDP Grows Less Than Estimate In Q4
Thu, 22 Feb 2018 12:14:02 GMT
The UK economy grew less-than-estimated in the fourth quarter, largely due to a downward revision to production output. Gross domestic product expanded 0.4 percent sequentially instead of 0.5 percent reported initially, the second estimate from the Office for National Statistics showed Thursday. GDP had advanced 0.5 percent in the third quarter. Year-on-year, the economy expanded 1.4 percent.
Cryptocurrency Daily Roundup - Feb. 22
Thu, 22 Feb 2018 11:34:54 GMT
Venezuela is not stopping with the launch of its oil-backed cryptocurrency "petro", but has announced that it will unveil a gold-backed token "petro gold" next week. Japan suspects money laundering in 669 cryptocurrency cases between April and December. Meanwhile, blockchain seems to have captured the imagination of NFL players who are looking to invest in new tech.
Venezuela To Launch Metals-backed Token 'Petro Gold': Report
Thu, 22 Feb 2018 11:28:57 GMT
Shortly after launching the pre-sale of its national cryptocurrency, the government of Venezuela has announced that it will introduce a cryptocurrency called "Petro gold." "Next week I'm going to launch the petro gold, backed by gold, which is even more powerful, that will strengthen the petro," Reuters quoted President Nicolas Maduro as saying in a televised speech on Wednesday.
Stock futures erase losses as Wall Street shakes off fears of higher rates
Thu, 22 Feb 2018 10:17:00 GMT
U.S. stock index futures rose slightly on Thursday as investors shook off fears of rising interest rates.
See no reason why the Fed should do any different to current market guidance: CIO
Thu, 22 Feb 2018 09:40:00 GMT
Kevin Boscher, chief investment officer at Brooks Macdonald, speaks about the latest minutes from the U.S. Federal Reserve.
European Economics Preview: Germany's Ifo Business Confidence Data Due
Thu, 22 Feb 2018 05:47:34 GMT
Business confidence from Germany is due on Thursday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office Insee publishes final inflation data and business sentiment survey results. The manufacturing sentiment index is seen unchanged at 113 in February.
Dollar higher on Fed minutes; euro unmoved by ECB
Thu, 22 Feb 2018 03:08:00 GMT
The dollar inched up to a 10-day high on Thursday.
Santelli Exchange: Yields on the move
Wed, 21 Feb 2018 16:45:00 GMT
Description CNBC's Rick Santelli reports on the moves in the U.S. dollar.
Santelli Exchange: Interest rates and market volatility
Wed, 21 Feb 2018 15:45:00 GMT
CNBC's Rick Santelli and Patrick Flynn, Neuberger Berman, discusses the latest action in the bond and equity markets.
U.S. Existing Home Sales Unexpectedly Tumble 3.2% In January
Wed, 21 Feb 2018 15:38:16 GMT
Existing home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales tumbled by 3.2 percent to an annual rate of 5.38 million.
Venezuelans Can Buy Oil, Pay Taxes And Fees In Petro
Wed, 21 Feb 2018 14:26:47 GMT
The government of Venezuela has announced that its national cryptocurrency can be used as a form of payment for a number of services and commercial transactions, as an alternative to the country's devalued hard currency. Venezuelan President Nicolas Maduro has launched the pre-sale of El Petro (PTR), the first national cryptocurrency in the world, to ease the country's economic crisis.
UK Q4 ILO Unemployment Rate Rises
Wed, 21 Feb 2018 12:53:19 GMT
The UK jobless rate increased for the first time in nearly two years in the fourth quarter and wages grew at a steady pace. The unemployment rate rose by 0.1 percentage points to 4.4 percent in the three months to December, data from the Office for National Statistics showed Wednesday. This was the first increase in almost two years. The jobless rate was expected to remain at 4.3 percent.
Petro Pre-sale Raises $735 Million On First Day
Wed, 21 Feb 2018 12:09:05 GMT
The pre-sale of Venezuela's cryptocurrency evoked overwhelming response on the first day, the country's President says. Nicolas Maduro claimed that $735 million was raised within 20 hours of initial sale. Blockchain experts had warned El Petro (the Petro) is unlikely to attract significant investment. Maduro launched El Petro, the first national cryptocurrency in the world, on Tuesday.
Eurozone Private Activity Growth Moderates From Near 12-Year High
Wed, 21 Feb 2018 12:01:45 GMT
Eurozone private sector growth continued to be strong in February, albeit with the rate of expansion cooling from the near 12-year high seen in January, flash data from IHS Markit showed Wednesday. The composite output index dropped more-than-expected to 57.5 from 58.8 in the previous month. The score was forecast to fall to 58.4. Nonetheless, a score above 50 indicates expansion.
Cryptocurrency Daily Roundup - Feb. 21
Wed, 21 Feb 2018 11:47:03 GMT
South Korea's relaxed stance on cryptocurrencies boosted the sentiment in the market and pushed prices higher. In Japan, there was another mishap at a cryptocurrency exchange that was under the scanner after the Coincheck hack. Venezuela kick-started the sale of its cryptocurrency. And Elon Musk's Tesla fell victim to a "cryptojacking" attack.
Japan Cryptocurrency Exchange Allowed Zero Yen Trades After Glitch
Wed, 21 Feb 2018 10:23:50 GMT
A Japanese cryptocurrency exchange, which is being probed by regulators over security concerns, said it allowed trades for zero yen or free, due to a glitch in its price calculating system. Zaif, a cryptocurrency exchange run by the Osaka-based Tech Bureau Corp, is among the 16 registered exchanges with the Financial Services Authority.
Dow closes 166 points lower after 10-year yield hits 4-year high on Fed minutes
Wed, 21 Feb 2018 10:07:00 GMT
Stocks closed lower on Wednesday, erasing sharp gains, after interest rates reached fresh multiyear highs.
S. Korea To Support 'Normal Transactions' In Cryptocurrencies
Wed, 21 Feb 2018 09:08:56 GMT
South Korea apparently relaxed its stance on cryptocurrencies as the country's financial services watchdog said the government will support "normal transactions" in such currencies. The comment by Choe Heung-sik, governor of the Financial Supervisory Service, boosted the sentiment in the market, sending prices of cryptocurrencies such as Bitcoin higher.
European Economics Preview: Eurozone Flash PMI Data Due
Wed, 21 Feb 2018 06:41:23 GMT
Flash Purchasing Managers' survey from euro area and unemployment from the UK are due on Wednesday, headlining a light day for the European economic news. At 3.00 am ET, IHS Markit releases France's flash PMI data. The composite PMI is seen at 59.2 in February versus 59.6 in January.
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