Forex Top Story


indusproduction-041614.jpg Industrial production in the U.S. rose by more than expected in the month of March, the Federal Reserve revealed in a report on Wednesday, with the report also showing a notable upward revision to the pace of production growth in the previous month. The report said industrial production increased by 0.7 percent in March after surging up by an upwardly revised 1.2 percent in February.

HousingStarts-041614.jpg Housing starts in the U.S. showed a notable increase in the month of March, according to a report released by the Commerce Department on Wednesday, although starts still came in well below economist estimates. The report showed that housing starts climbed 2.8 percent to an annual rate of 946,000 in March from the revised February estimate of 920,000.

Ukunemployment-041614.jpg The U.K. unemployment rate fell below the 7 percent threshold to a five-year low in February and average earnings finally moved above inflation reducing the squeeze on household finances. The jobless rate came in at 6.9 percent of the labor force, the lowest since February 2009, data from the Office for National Statistics showed Wednesday.

GBPUSD-041614.jpg The pound rose sharply against other major currencies in European morning deals on Wednesday as the nation's unemployment rate declined below the '7 percent threshold' during three months to February, underscoring the stronger recovery seen in the labor in recent months. The data from the Office for...

EuropeanEconomicsPreview-041614.jpg Unemployment figures from the U.K. and final inflation from euro area are due on Wednesday, headlining a light day for the European economic news.

chinatrade-041111.jpg China's gross domestic product gained 7.4 percent on year in the first quarter of 2014, the National Bureau of Statistics said on Wednesday. That topped expectations for 7.3 percent following the 7.7 percent gain in the previous three months. Among the sub-industries, primary industry added 3.5 percent on year, while secondary industry jumped 7.3 percent and tertiary industry climbed 7.8 percent.

NewZealandcpi-071510.jpg Consumer prices in New Zealand gained 0.3 percent on quarter in the first quarter of 2014, Statistics New Zealand said on Wednesday. That was shy of forecasts for 0.5 percent, and it accelerated from the 0.1 percent gain in the previous three months. Cigarette and tobacco prices were responsible...

The dollar gave up early gains on Tuesday amid disappointing news on the U.S. housing market. The NAHB/Wells Fargo Housing Market index rose to 47 in April from a downwardly revised 46 in March, the group said in a statement. Economists expected a reading of 50. There was little reaction to news...

NAHBindex-041514.jpg Homebuilder confidence in the U.S. has seen a modest improvement in the month of April, according to a report released by the National Association of Home Builders on Tuesday. The report showed that the NAHB/Wells Fargo Housing Market Index edged up to 47 in April from a downwardly revised 46 in March.

EmpireStateSurvey-041514.jpg Business activity for New York manufacturers was roughly flat in the month of April, the Federal Reserve Bank of New York said in a report on Tuesday, with the index of regional manufacturing activity showing an unexpected decrease. The New York Fed said its general business conditions index dropped to 1.3 in April from 5.6 in March, although a positive reading indicates growth.

CPIChart-041514.jpg Consumer prices in the U.S. rose by slightly more than expected in the month of March, according to a report released by the Labor Department on Tuesday, with the growth largely reflecting higher prices for food and shelter. The Labor Department said its consumer price index rose by 0.2 percent in March after inching up by 0.1 percent in each of the two previous months.

GermanZEW-041514.jpg Investor sentiment in Germany weakened for a fourth straight month in April as the effect of the Ukraine crisis continued to weigh, results of a key survey showed Tuesday. Meanwhile, a larger Eurozone trade surplus for February helped to slightly ease concerns regarding a strong euro.

UKInflation-041514.jpg Consumer price inflation in the U.K. eased to the lowest level in four-and-a-half years during March and house price growth accelerated sharply in February, separate figures from the Office for National Statistics showed Tuesday.

RBA-101910.jpg The members of the Reserve Bank of Australia's monetary policy board said that the country's economic recovery remains slightly below trend, minutes from the central bank's April meeting revealed on Tuesday. The members added that the RBA stimulus already imparted on the economy is still working its...

The dollar steadied on Monday after encouraging news on U.S. retail sales and some rather dovish remarks from European Central Bank officials. ECB President Mario Draghi signaled his impatience with a euro that has grown strong enough to hurt exporters from the euro zone. "The strengthening of...