Forex News
Curious to know if Bitcoin is here to stay ?
Mon, 14 Oct 2019 02:45:01 GMT
Read the latest developments from the cryptocurrency space, breaking news and analysis on Bitcoin and blockchain on RTTNews. Know more about altcoins, mining, ICOs, warnings and regulation. Find out how to acquire and trade digital currencies.
Curious to know if Bitcoin is here to stay ?
Mon, 14 Oct 2019 02:45:01 GMT
Read the latest developments from the cryptocurrency space, breaking news and analysis on Bitcoin and blockchain on RTTNews. Know more about altcoins, mining, ICOs, warnings and regulation. Find out how to acquire and trade digital currencies.
Dollar Stays Weak Amid Rising Optimism Over U.S.-China Trade Talks
Fri, 11 Oct 2019 21:52:58 GMT
The U.S. dollar stayed weak against rivals on Friday as it lost its safe-haven appeal following the U.S.-China trade negotiations yielding an interim solution to the trade dispute between the world's two largest economies.
Trump Announces 'Phase One' Of U.S.-China Trade Deal
Fri, 11 Oct 2019 20:30:18 GMT
Following two days of closely watched trade talks, President Donald Trump told reporters on Friday that the U.S. and China have reached a "very substantial phase one deal." Trump said the deal includes up to $40 to $50 billion in Chinese purchases of U.S. agricultural products as well as Chinese concessions on intellectual property and financial services.
ECB's Draghi Says Active Fiscal Policy Can Speed Up Monetary Policy Tightening
Fri, 11 Oct 2019 14:39:18 GMT
Eurozone governments can support the central bank by actively pursuing fiscal policy reforms and thus, pave the way for raising rates quickly than expected, outgoing European Central Bank President Mario Draghi said Friday. "We have seen in other regions where fiscal policy has played a greater role since the crisis that the return to price stability has been faster," Draghi said in a speech.
U.S. Consumer Sentiment Unexpectedly Shows Continued Rebound In October
Fri, 11 Oct 2019 14:23:47 GMT
With consumers anticipating larger income gains and lower inflation during the year ahead, the University of Michigan released preliminary data on Friday unexpectedly showing a continued improvement in U.S. consumer sentiment in the month of October.
U.S. Import Prices Unexpectedly Rise While Export Prices Unexpectedly Fall
Fri, 11 Oct 2019 13:10:28 GMT
A report released by the Labor Department on Friday showed an unexpected increase in U.S. import prices in the month of September, although the report also showed an unexpected decrease in export prices. The Labor Department said import prices rose by 0.2 percent in September after dipping by a revised 0.2 percent in August.
U.S. Consumer Prices Unexpectedly Unchanged In September
Thu, 10 Oct 2019 13:33:19 GMT
Consumer prices in the U.S. were essentially flat in the month of September, according to a report released by the Labor Department on Thursday, with higher prices for shelter and food offset by declines in prices for energy and used cars and trucks. The Labor Department said its consumer price index was unchanged in September after inching up by 0.1 percent in August.
U.S. Weekly Jobless Claims Unexpectedly Drop To 210,000
Thu, 10 Oct 2019 13:13:36 GMT
A report released by the Labor Department on Thursday showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended October 5th. The report said initial jobless claims dropped to 210,000, a decrease of 10,000 from the previous week's revised level of 220,000.
ECB Minutes: All Members Agreed On Need To Act
Thu, 10 Oct 2019 12:39:17 GMT
The European Central Bank policymakers agreed on the need to act amid weakening economic outlook but a number of reservations were expressed about the elements of policy package, the minutes of the September 11-12 Governing Council meeting showed Thursday. ECB Chief Mario Draghi said all members agreed on the need to act in response to the continued shortfall of inflation.
UK GDP Expands On Services Growth
Thu, 10 Oct 2019 09:41:16 GMT
The UK economy expanded in three months to August for the second consecutive time suggesting that it is on the course to avoid a recession ahead of Brexit. Rolling three-month gross domestic product growth increased to 0.3 percent from 0.1 percent in three months to July, data published by the Office for National Statistics showed Thursday. This was also faster than the expected 0.1 percent rise.
German Exports Fall Most In 4 Months
Thu, 10 Oct 2019 06:45:57 GMT
Adding fears of recession, Germany's exports declined at the fastest pace in four months, while imports recovered at a faster than expected pace, data from Destatis revealed on Thursday. Exports fell by more-than-expected 1.8 percent month-on-month in August, reversing a 0.8 percent rise in July. Exports were forecast to fall 1 percent. Meanwhile, imports rose 0.5 percent.
European Economics Preview: UK GDP Data Due
Thu, 10 Oct 2019 03:52:31 GMT
Monthly GDP data from the UK and foreign trade from Germany are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's foreign trade data. The trade surplus is seen at EUR 18.6 billion in August versus EUR 21.4 billion in July. In the meantime, consumer and producer prices are due from Norway.
Brexit Uncertainty Weighs On UK Housing Market: RICS
Thu, 10 Oct 2019 03:34:16 GMT
UK housing market activity remained subdued as economic and political uncertainty ahead of Brexit weighed on sentiment among buyers and vendors, survey results from the Royal Institution of Chartered Surveyors, or RICS, showed Thursday. The headline house price balance came in at -2 percent in September compared to -4 percent in August.
Japan Core Machine Orders Sink 2.4% In August
Thu, 10 Oct 2019 00:45:07 GMT
Core machine orders in Japan fell a seasonally adjusted 2.4 percent on month in August, the Cabinet Office said on Thursday - standing at 875.3 billion yen.
New Zealand Food Prices Unchanged In September
Wed, 09 Oct 2019 23:15:07 GMT
New Zealand Food prices were flat on an unadjusted monthly basis in September, Statistics New Zealand said on Thursday - slowing from the 0.7 percent increase in August.
Dollar Steady Ahead Of Trade Talks
Wed, 09 Oct 2019 20:55:23 GMT
The U.S. Dollar stayed firm against most major currencies on Wednesday amid renewed optimism about the upcoming high-level trade talks between the U.S. and China.
Fed Minutes Show Some Concern About Market Expectations For Rate Cuts
Wed, 09 Oct 2019 18:42:18 GMT
A few participants at the Federal Reserve's monetary policy meeting in September expressed concerns that the markets expect more interest rate cuts than are appropriate, according to the minutes of the meeting released on Wednesday.
U.S. Wholesale Inventories Rise Less Than Expected In August
Wed, 09 Oct 2019 14:20:21 GMT
A report released by the Commerce Department on Wednesday showed a modest increase in U.S. wholesale inventories in the month of August. The Commerce Department said wholesale inventories edged up by 0.2 percent in August, matching the uptick in July. Economists had expected inventories to increase by 0.4 percent.
World Bank Forecasts Growth To Ease Across Europe, Central Asia
Wed, 09 Oct 2019 09:46:08 GMT
The World Bank forecast economic growth across Europe and Central Asia to ease this year reflecting the slowdown in both Russia and Turkey. According to the latest World Bank Economic Update for Europe and Central Asia, released Wednesday, growth in the emerging and developing countries of Europe and Central Asia is set to ease to a four-year low of 1.8 percent this year from 3.2 percent in 2018.
Australia Consumer Sentiment Weakest Since Mid-2015
Wed, 09 Oct 2019 04:07:09 GMT
Australia's consumer confidence weakened to the lowest level in more than four years in October despite interest rate reductions, survey results from Westpac showed Wednesday. The Westpac-Melbourne Institute Index of Consumer Sentiment dropped to 92.8 in October from 98.2 in September. This was the lowest score since July 2015.
Dollar Gains Against Most Major Currencies Ahead Of Trade Talks, Minutes
Tue, 08 Oct 2019 21:00:11 GMT
The U.S. dollar recovered after a weak start on Tuesday, but stayed somewhat subdued post noon as optimism over the upcoming U.S.-China trade talks faded.
Fed's Powell Signals Resumption Of Balance Sheet Growth
Tue, 08 Oct 2019 19:29:28 GMT
Citing unexpectedly intense volatility in wholesale funding markets, Federal Reserve Chairman Jerome Powell indicated on Tuesday that the central bank intends to resume increasing the size of its balance sheet.
U.S. Producer Prices Show Unexpected Decrease In September
Tue, 08 Oct 2019 13:18:05 GMT
Producer prices in the U.S. unexpectedly decreased in the month of September, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index for final demand fell by 0.3 percent in September after inching up by 0.1 percent in August. The drop surprised economists, who had expected another 0.1 percent uptick.
German Industrial Output Surprise Rebound Suggest Economy To Avoid Recession
Tue, 08 Oct 2019 08:34:40 GMT
A surprise rebound in German industrial production in August suggest that the biggest euro area economy may avoid recession, but the sector remains in downturn due to weak demand. Production grew 0.3 percent month-on-month in August, figures from the Federal Statistical Office showed on Tuesday, defying expectations for a 0.2 percent fall.
Dollar Steady Ahead Of Trade Talks, Fed Minutes
Mon, 07 Oct 2019 20:44:13 GMT
The U.S. dollar suffered a setback of sort in early trades Monday, but started edging higher post noon as traders looked ahead to the upcoming trade talks and the release of the minutes of the Federal Reserve's recent policy meeting.
Germany's Factory Orders Decline On Weak Domestic Demand
Mon, 07 Oct 2019 11:36:23 GMT
Germany's factory orders declined more-than-expected in August on weak domestic demand, figures from Destatis revealed Monday. German investor confidence deteriorated sharply in October to the weakest since July 2009 despite stimulus measures announced by the European Central Bank, survey results from the behavioral research institute Sentix showed.
Eurozone Sentix Investor Confidence Weakest Since 2013
Mon, 07 Oct 2019 09:30:49 GMT
Eurozone investor confidence weakened to its lowest since early 2013 in October on fears of recession despite stimulus measures announced by the European Central Bank, survey results from the behavioral research institute Sentix showed on Monday. The investor confidence index fell to -16.8 in October from -11.1 in September. This was the lowest reading since April 2013 and also below economists'
European Economics Preview: Germany Factory Orders Data Due
Mon, 07 Oct 2019 03:08:21 GMT
Factory orders from Germany and investor confidence from euro area are due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders figures. Economists forecast orders to drop 0.4 percent on month in August, following a 2.7 percent decrease in July.
Dollar Fails To Hold Early Gains, Turns Weak Against Most Rivals
Fri, 04 Oct 2019 20:50:03 GMT
After initial weakness on Friday, the U.S. dollar rallied well, riding on mixed jobs data that showed fewer additions in employment in September, but the jobless rate dropped. However, the currency retreated by mid morning, weighed down by trade and political uncertainty.
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