Pound Rallies Amid Increase In Risk Appetite
As Brexit-related concerns abated and speculators stayed confident for a US-China trade deal, the pound jumped against its key rivals in the European session on Friday in the midst of risk appetite. UK legislators okayed a motion to pause the
Read MoreUS Construction Spending Rises More Than Anticipated In January
The US dollar strengthened against its peers following the release of a strong rise in public construction expenditure. The USD/JPY pair hit a high of 111.62, from a low of 110.95. Likewise, the EUR/USD pair declined from a high of
Read MoreECB Trims Eurozone Economic Outlook
On Thursday, the European Central Bank axed the growth and inflation target of the euro area, citing constant uncertainties, primarily external, and provided banks with more money through long-term loans to encourage lending to a weak economy. The bank also
Read MorePound Rallies On Impressive Growth Of UK Service Sector
At the early European session Tuesday, the pound was trading higher against its significant peers, as figures indicated that the UK services sector was expanding far more than anticipated in February. IHS Markit survey data indicated that the seasonally adjusted
Read MoreUS Consumer Sentiment, PMI Data Signals Economic Slow Down
According to a report published by the Institute for Supply Management on Friday, growth rate in the US manufacturing sector stalled by even more than expected in the month of February. After jumping to 56.6 in January, the ISM said
Read MoreUS Consumer Confidence Bounces Back Better Than Anticipated In February
According to a report released by the Conference Board on Tuesday, consumer confidence in the United States rebounded in February after three consecutive monthly declines. The Conference Board said its consumer confidence index in February, which fell to 121.7 in
Read MoreUS Dollar Up As Trump Decides To Postpone Tariff Increase On Chinese Goods
President Donald Trump disclosed on Sunday a dramatic shift in in in in US trade policy through a Twitter posts, announcing his intention to delay a scheduled increase in Chinese import tariffs. The US dollar gained against the euro and
Read MoreEuro Declines After ECB Economist Hints LTRO Talks In March
The euro fell against its peers in in in in the European sitting on Wednesday, after the European Central Bank Chief Economist Peter Praet proposed that the fresh tranche of the Targeted Long-Term Refinancing Operation (LTRO) should be debated during
Read MoreUS Homebuilder Confidence Rises Considerably In February
With increasing consumer confidence and rapidly falling interest rates reflected, the National Association of Home Builders released its Tuesday report detailing a substantial increase in US home builders ‘ optimism in February. The report indicated that the NAHB / Wells
Read MoreEuropean Markets Seen Flat As US-China Trade Negotiations Begin
On Thursday, European stocks are expected to open predominantly unchanged, as China and the US launched two days of trade talks in Beijing in an attempt to de-escalate the trade dispute ahead of the March 1 cutoff date for a
Read More
